If your son or daughter has recently reached the age when they are starting to drive, you likely already have enough anxiety without thinking about what your teen driver is going to do for your car insurance rates. Inexperienced drivers usually come with higher insurance premiums, so here are some tips to saving on your car insurance if you have a teen driver:
Inquire how insurance companies add additional drivers to your policy. Make sure your most expensive teen driver isn’t assigned as primary user for the most expensive car on the policy.
Shop Around - Getting the best deal with any major purchase involves shopping around. Getting quotes from several companies before adding a teen driver may save you money.
Keep Their Grades Up - Most insurance companies look at factors such as your teen’s grades to gauge responsibility, much as they would look at the credit score of an adult. Requiring good grades as a part of their responsibility as a new driver is a good idea, both for them and your pocketbook.
Driver’s Education - Taking a Driver’s Education course often provides an insurance discount for teen drivers.
Increase Your Deductible - This is always an effective way to reduce your insurance rates, but always be sure you choose a deductible that you can safely afford.
These tips can help make the cost of insuring your teen a little less stressful. Contact Aspen Insurance if you have questions how your new teen driver will affect your Colorado auto insurance policy.