Cheap Motor Insurance for Teens

Motor insurance for teens is expensive there is no getting around that. Teenagers are far more likely to be involved in an accident than an adult driver and their insurance rates reflect that. Nevertheless there are ways that a teenage driver can save money on the cost their insurance. The same tips will also help to keep them safe so it is really something all parents should look into.

The best way to get cheap motor insurance for teens is to limit the amount of driving that they can do. Common sense says that the less time you spend on the road the less likely it is that you will be involved in an accident. The insurance companies recognize this and they will offer discounts for people who drive less frequently. The biggest savings however will come from not allowing your teen to drive at night. There is ample evidence that accidents are far more likely to occur after dark and this is especially true in the case teenage drivers. Limiting your teen to day time only driving will significantly reduce the cost of insurance. In fact most states now restrict new drivers to day only driving anyway not that most of them have gone to graduated drivers licenses. They have recognized the dangers of night driving for teens. If you live in a state that doesn't have graduated licenses it is still a good idea to restrict driving.

Another way to save on motor insurance for teens is to raise your deductible. This is actually true in the case of most drivers but it applies particularly to teens. Most people misuse there motor insurance by taking the lowest deductible they can get and then making a claim every time there is damage to their vehicle. This invariably costs you money, insurance should really only be used for major damage. In almost all cases you can save money by going with a higher deductible and paying for minor damage out of your own pocket. Just raising your deductible a few hundred dollars could save you hundreds every year on your insurance. This is is especially important for teens given the number of fender benders they are involved in. Every time you make a claim your rates will go up so limiting the number of claims will save you money.

Another way that you can get cheap motor insurance for teens is by having good grades at school. This is actually odd given that statistically students with good grades are no safer than students with bad grades. The reason that the insurance company will offer lower rates for students with good grades is really an investment in the future. They believe that those students will grow up to be the responsible customers that they are looking for. They offer the lower rates as a way to build a relationship for future business. You can save money on your teens motor insurance by making good grades a condition of being allowed to drive.