Friday, November 5, 2010

Top 10 Tricks for Cheaper Teen Car Insurance

Being added to your parent's policy without wrecking their wallet is a challenge – but there are ten ways you can cut down the cost on your teen car insurance rates.
teen car insurance, top 10 teen, auto insurance

1. Stick to a Classic Ride When Looking for Teen Car Insurance

  • Used cars are cheaper to insure than new ones so if you’re buying, hit up the used car lot.

2. Safe Over Sporty

  • Skip the sexy, sporty model when factoring in your teen car insurance. You may think its lame now – but it’s the best way to save cash. Think of it this way… what good is a sexy car if you can’t afford to put gas in it?
  • There are plenty of cars that combine coolness and safety, so skip the sexy sporty model and choose sensibly. Check out the Independent Insurance Institute’s site for ideas on the best car to keep you from wrecking the budget (Insurance Information Institute's Overall Crash Worthiness Evaluations of Midsized Moderately Priced Cars)

3. Get Assigned to a Specific Car

  • If you’re going to be driving one of your parents’ cars, ask insurance companies if they’ll let your parents assign you to a specific one.
  • Pick mom’s Volkswagen over dad’s Lexus. Luxury cars are more expensive to insure.

4. Take a Driving Course

  • Lots of insurance companies offer discounts to teens who take (and pass!) an approved driver’s ed course.

5. Getting Good Grades Will Help With Your Teen Car Insurance Rates

  • Getting a B average (3.0 GPA) or higher will score you cheaper teen car insurance rates.

6. Keep it in the Family

  • In most cases it’s cheaper to get added to your parents’ policy than it is to go out and get your own.
Exception to this rule: If both your parents own pimped out rides and their driving record isn’t so hot – you might be better off getting a used car with good safety ratings and getting your own policy.

7. Go for a Higher Deductible

  • Tell your parents to double check their deductibles (this is the amount of money they’ll be shelling out if you crash) and figure out if there’s room to raise it.
Warning: Using this method to save cash now on you teen car insurance could cost you if you get into a wreck. So if you go for this one, make sure you know what you’re doing before getting behind the wheel.

8. Don’t be a Statistic

  • According to the experts, 16 year olds are three times as likely to wind up in a crash than 19 year olds – and almost 6 times higher than 20-24 year olds. No wonder your parents are freaking out.
  • Stay off your cell phone, wear your seat belt, and ignore that stupid friend that dares you to run the red light for kicks.

9. Shop Around

  • Get off MySpace for a minute and check out some car insurance quotes. Not only will your parents be stoked to see you doing research – comparing prices will save you a ton of dough.

10. 6-Month Rule

  • Every six months, check in with your insurance company and update your policy information to make sure you are getting the best teen car insurance rates. Keeping a clean driving record after a certain amount of time could get you discounts. Graduating from High School could lower premiums too.
If you're ready to shop for a cheaper teen policy, compare car insurance quotes at InsWeb. You'll have the chance to talk to a few licensed, experienced auto agents who can make sure you have the right coverage for your family.

32 comments:

  1. -_- My boyfriend's 15 year old sister got caught driving her mom's SUV a few weeks ago. I almost had a heart attack when I found out. Then they did the math (the car wasn't used very much since she had gotten a newer one) and the kid had already racked up over 200 miles.

    I wanted to punch that kid in the head for being so stupid.

    ReplyDelete
  2. Good info as a kid driver I could use this lol.

    ReplyDelete
  3. Great tips especially because I'm a teen :)

    ReplyDelete
  4. Great info mate! I'll pass this along to the old man!

    ReplyDelete
  5. Yeah this is why my sister isn't getting her license soon, and she is 17.

    ReplyDelete
  6. I'll keep that in mind if I ever pay my own insurance. I was gonna get an FJ for school, but it cost too much to insure for an 18 year old(was the fall it came out)

    ReplyDelete
  7. Just get a motorbike, much cheaper insurance. =P

    ReplyDelete
  8. can't wait until your next post!!

    ReplyDelete
  9. I showed my friends your post and they enjoyed it! Keep them coming!

    ReplyDelete
  10. Cool man, this should really help me out.

    ReplyDelete
  11. Great tips. Thanks for sharing. :)

    ReplyDelete
  12. yeah my biggest problem is the damn 6mo rule. once i get insurance i tend to keep it for like 18-24mos...then i finally get to the point where i am like "wtf with these rates man" and call/change it...good rule, 6mo rule...

    ReplyDelete
  13. nice info, thanks for the tips bro!

    ReplyDelete
  14. Good stuff! Very helpful to new drivers and their families.

    ReplyDelete
  15. Wow! This is wonderful idea. These tricks are very important for taking any teen car insurance. Now I can plan to gift my daughter a car which can be insured under this teen car insurance policy. These ticks surely make a difference in your decision.
    commercial liability insurance

    ReplyDelete
  16. You guys are doing wonderful work. I really find your post worthy. I come to know about cheap auto insurance plans for my teens. The points mentioned in this post needs to be considered well before applying for insurance. Thus make a cost effective decision.
    commercial liability insurance

    ReplyDelete