How to Save Big on Auto Insurance for Your Teen Driver

By May 16, 2018 October 2nd, 2018 Uncategorized

Do you know a teen who will be getting their driver’s license soon? Having a new teen driver in the family can be an exciting (and nerve-racking) experience. However, it can also translate to increased auto insurance premiums. Why is that?

Auto insurance rates are based off several different factors, including driving records. Teen drivers have no driving record, which means the insurer has no historical record to make a judgement on whether the young driver is safe or reckless. Young drivers are less experienced and therefore less likely to know how to respond or react in a dangerous situation. Additionally, young drivers are more likely to engage in distracted behavior (such as texting) while behind the wheel. The U.S. Government reports that 11 percent of drivers under the age of 20 who were involved in a fatal car accident were engaged in distracted behavior during the crash.

However, adding a teen driver to your auto policy doesn’t have to be doom and gloom! Here are some ways to help offset the cost:

  • Youthful Driver Discount: This discount applies to unmarried drivers under 21 who live at home with their parents.
  • Youthful Longevity Discount: Certain insurance providers will apply a credit for unmarried young drivers based on the consecutive years spent insured under another auto policy with that same insurer (usually belonging to a parent or guardian).
  • Driver Training Discount: Young drivers under age 21 who have completed an accredited driver training course.
  • College Student Discount: If your child is living away from home while enrolled in college and is not driving a car on campus, tell your insurance agent. This may result in a limited time discount that applies as long as they are away from home.

There are countless ways McCartin Insurance agents can help you save money on your auto policy. Read more here!