Tags: car | auto insurance | drivers | teens | students

Top 5 Ways to Get Cheaper Car Insurance

By Friday, 22 January 2021 05:47 PM Current | Bio | Archive

Getting cheap car insurance for your teen or new driver can be a hard thing to do. New drivers are really expensive to insure, you would do anything to get a better deal on this type of insurance policy. Right! New or teen drivers have no driving record, and the statistics show that they are more likely to be involved in an accident. For these reasons, the insurance companies place the new and teen drivers in the high-risk category.

To get cheaper car insurance for your new and teen driver, you can follow these tips:

  • Put your new or teen into a driving course. Insurance companies offer discounts that range from 10 to 15% to these type of drivers or any drivers that graduated from a defensive driving course. This type of class can take place in a classroom or online, and it usually lasts four to eight hours. Completing this course, not only will help you pay less on your premium, but it will also improve driving skills, in order to stay safe on the road.
  • Get a cheap car to insure. Choosing a muscle car, or a sports car for your new driver is not the smartest thing you can do, if you want cheap car insurance. Slightly used SUVs, crossovers, or even family van’s that have all the major safety features installed is the smart thing to consider, in order to get cheaper car insurance for your new driver.
  • Take advantage of the good student discounts. Many insurance companies offer this discount. Statistics show that students that have better grades are less likely to be involved in collisions. Students that have a 3.0 GPA or higher are eligible for this discount on most insurance companies.
  • Consider usage-based insurance. The thought of being monitored while driving can be scary for many drivers, you can obtain significant discounts on your policy rates if you choose this option. I’m not a big fan of onboard diagnostic monitoring. But that’s your personal choice. All you have to do is to allow your insurer to install a small telematic device inside your vehicle. This device will then send data back to the insurer. Usually, the data sent back contains information about, how many miles are driven, time of day when the car is driven, braking, acceleration, speed, cornering, distance traveled. You will get a discount, based on good your driving habits.
  • Compare online quotes. The best way you can save money on your new or teen driver’s insurance is by shopping for quotes online. You should get a minimum of three quotes to compare rates and coverage to get the best deal for your new driver.

The Bottom Line: Shop multiple insurers. Whoever covers your home and car insurance should offer you the best price.

More Car Smarts tips and ways to save money are in my book, Lauren Fix’s Guide to loving your car

Lauren Fix, The Car Coach® is a nationally recognized automotive expert, media guest, journalist, author, keynote speaker and television host. Post your comments on Twitter: @LaurenFix or on her Facebook Page.

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Getting cheap car insurance for your teen or new driver can be a hard thing to do. New drivers are really expensive to insure, you would do anything to get a better deal on this type of insurance policy. Right! New or teen drivers have no driving record, and the statistics...
car, auto insurance, drivers, teens, students
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Friday, 22 January 2021 05:47 PM
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