Finding Affordable Car Insurance for Teenage Drivers

The day you’ve both dreamed of and dreaded for the last 16 years is here. Your teenager is ready to start driving. You appreciate the milestone your child has reached, yet it’s scary to think of your teen alone behind the wheel of a car. That’s not the only frightening detail, either – the cost of insuring young drivers can be enough to frighten even the bravest souls. Young, inexperienced drivers translate to mean high-risk drivers to insurance companies, and high risk means higher premiums.

There are some ways you can keep the cost of car insurance for teenagers down, however. Here are some ways you can make your teen’s car insurance more affordable.

Start by Talking with Your Teen

The first step is to have a serious heart-to-heart with your young driver. Make sure they understand that driving is a responsibility and there is a price for the privilege. Explain the importance of having insurance, how much it costs, and the fact that they can help keep the cost down by maintaining good grades and following all the traffic laws. Make it clear that their ability to drive will depend on their compliance with those rules.

Check with Your Own Insurance Company First

It is usually best to stay with the company where you have your own auto insurance if possible. Adding a teen-age driver to your policy is more affordable than having them get a separate policy and will allow them to drive any car listed on your policy. Most carriers agree to allow your children to stay on your policy until they leave home or until after they have graduated from college.

Discounts to Look For

There are a couple of discounts offered to young drivers by many insurance companies:

Good Student Discount – Auto insurance companies have done their research and know that students who maintain a higher grade point average are, on average, safer, more responsible drivers who have accidents less frequently than others. Save your teen’s report cards to prove your child meets the requirements for this discount.

Low Mileage Discounts – Insurance for young drivers is less expensive if the number of miles they will be driving is reduced. The less time spent on the road, the less opportunity there is for a teen driver to be involved in an accident. Make an agreement with your teen that they will be restricted to a certain amount of driving as they gain experience that will be increased as they accrue a good driving record.

You may also want to take the time to get quotes from other insurance carriers besides the one you’ve been using. It could turn out that you have been paying more than you needed to and can save money by switching carriers. Go online or talk to several different agents to compare policies and prices.

Yes, your little one is growing up. Receiving a driver’s license is a huge step for any young person, but if you shop for car insurance carefully, it doesn’t have to make a huge dent in your pocketbook.


About the Author: Debra Blair is a full-time writer with more than 10 years experience in the car insurance industry. She also writes about health, wellness, and education and is a regular contributor at AboutMedicalBillingandCoding.Org.

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