Cheap Car Insurance for Teenagers

One of the main reasons why car insurance for teenagers is so expensive is because there are more teenagers in car accidents than just about any other age group. This means that teenagers also are the ones with the most claims across demographics. And since insurance companies price the premiums after risk, and teenagers are statistically more at risk to winding up in an accident, prices for teenager insurance is therefore much higher than for a middle-aged person with a clean record. There are several statistics that back these claims.

As an example, it is twice as likely for a teenager driving a car to make a claim than someone over 25. That in itself goes a long way to explain why teenage drivers insurance is so expensive. If you are on the hunt for cheap insurance and you still are in your teens, your strategy will have to be to find an insurance company that doesn’t treat all young people as reckless drivers. However, this might be a challenge, so be patient, and do extensive searching online for the best insurance quotes. We will help you on your way!

Of course, all teenagers hope to find cheap insurance, as driving a car is expensive enough with all the expenses going to gas and the car itself. However, as mentioned, inexpensive car insurance for teenagers is almost a utopia, so you have to be smart when looking for an affordable solution. For starters, you driving record will have a big influence in the rates you get. So will the car you own. A car with a lot of horsepower will be in the “high risk” category, and your insurance premium will soar thereafter. These two factors, in addition to your age, are very decisive, so it is extremely important that you try to drive safely at all times. One little accident might mean a large increase in your yearly premiums, so stay out of trouble on the roads.

Get your parents to add you to their car insurance policy

If you have supportive parents, a great way to get your insurance premiums lower is to have them add you to their policy. This will of course add to your parent’s premiums, but apples for apples this will be a lot cheaper than if you take out your own policy. So be a nice kid, and perhaps they will help you out!

Good grades means lower insurance premiums

Another thing the insurance companies might look at is your grades at school. Yes, when reviewing an application for car insurance for teenagers an insurance agent might look at numerous different factors to create your risk profile. One of these is grades, as statistics show that young people with good grades wind up in fewer accidents than a person with bad grades. It probably has to do with the fact that teenagers with good grades are more responsible in traffic, which again underlines the fact that driving conservatively is important…oh yeah…and getting good grades too.

New vs. Old car

If you want cheap car insurance for teenagers than you have to consider the car you drive. If you go out and buy a monster on 4 wheels, the premium will soar in proportion to the horsepower in the car. It’s just a lot easier to get in trouble on the roads if 100mph is just a light push on the gas pedal. Older cars are well known to be cheaper to insure than a flashy, new, sports car. Another factor to have in the back of your mind is that cars with a track record for safety (think Volvo) will probably mean a lower premium also.

This baby will cost you a fortune in insurance premiums!

High vs. low deductible

When you go looking for cheap teen car insurance it is important to remember that a low deductible usually means a higher premium. This is so that the insurance company can cover your potential claims for small bumps and minor damages. So if you go for higher deductibles it is a rule of thumb that the premiums will be lower. But be prepared to pay for those small bumps from your own wallet, if you are unlucky in traffic.

Shop around for insurance quotes

Ok, now that we have gone through some tips that you should use while looking for teenager car insurance, lets get down to the job at hand. You really want to get quotes from as many different insurance agencies as possible, because many of them will be pricing you sky high. You see, many companies don’t focus, or even want, teenager drivers and will therefore give you a quote that is unrealistic. What you are looking for are the companies that focus on insurance for teenage drivers with the viewpoint that you can be profitable for their business if you show that you are a responsible driver, and that they can be profitable for you by giving you low rates for your trustworthiness in traffic.

Car insurance rates for teenagers

There is no doubt that cheap car insurance for teenagers is hard to come by, but just how much more expensive is it when you don’t have age on your side? The numbers that are posted around on the Internet suggest that prices soar by 50% to 200% for parents that add their child to their policy. If you get your own policy you can probably expect even higher premiums.

Where to get insurance quotes for teenagers

There are tons of site on the Internet that can help you get quotes from insurance companies and compare the results without having to manually submit to all of them. Check out Onlineautoinsurance.com, which helps you compare quote based on the zip code you live in. Insurance.com also offers this type of service. You can also do a search for on Google for cheap insurance for teenagers and go through the results there. Remember to get as many quotes as possible so that you have a nice collection that you can compare.