Auto insurance for teen drivers is notoriously expensive. There is a good reason for this, which is statistical evidence. Studies have shown that teens are more likely to be involved in serious car crashes than any other age group. It takes many thousands of hours of handling a car for a driver to get a good feel for any kind of situation that may arise. The ease and ability to avoid accidents comes to the safest of drivers through years of experience behind the wheel. So, seems as experience is all-important, you would think seniors would be the best / safest drivers, right?
Statistics though show this not to be the case. Although senior drivers have obviously superior experience with the car, they also have certain weaknesses that can lead to them be classified as high risk for insurance. Health issues, vision, hearing, diabetes, hypertension, and so on can all affect their total reliability while driving, and hence drive up the cost of auto insurance. So, that is why auto insurance for teens and seniors is more expensive that auto insurance for other age groups. For teens inparticular, you can be sure that it is going to cost you a bundle. You are definitely going to pay much higher rates for your teen to drive than you do for yourself or your partner. However, whilst there is no way of getting a really cheap auto insurance policy for teens, there are steps you can take to keep costs down as much as possible.
You need to know when to ask for help. You can do a little research online, but you should speak to an insurance agent, who specializes in auto insurance for teens or seniors, sooner rather than later. They can help you to get a policy that will enable you to avoid paying out of pocket for an accident. You may well find that there are various discounts that you can take advantage of. For example, teens with good grades are often seen as a less of a risk, and so a discount on the auto insurance premiums is given. The car that the teen will be driving is, of course, important too. Opt for one which is older and of a low profile, and which has safety features, such as anti-lock brakes. The less ‘cool’ it looks, the cheaper it will probably be to insure. You can also choose to “self insure” the car if it is old and inexpensive, and pay for the damages to your car out of pocket if your teen is in an accident. A teen driver monitoring device is something else to consider. You can get special discounts if one of these is installed in the car your teen drives.