In most states, the average discount is 10%. One of the most popular discounts for teen drivers is the discount for good students. If you have a certain grade point average, your auto insurance company may offer you a slight discount on your rate. You'll need to check with your specific provider to see if this might apply to you.
Another common discount for teen drivers is a reduction in the fee for completing a driving safety course. This is usually a course offered to teach young drivers how to avoid accidents and stay safe on the road. The costs of insuring a teen driver vary greatly depending on factors such as what they drive, how well they drive, and where they live. In addition, cars that are more popular with thieves tend to increase insurance costs, regardless of how much they are worth.
Adding a teen to an existing car insurance policy can be significantly cheaper than having a teen get their own policy. You may find it more difficult to find an auto insurance provider who is willing to extend coverage to a young driver who already has points on their driver's license. The process to get a good student discount on your car insurance is simple. The most important thing is to make sure that your ratings meet the car insurance company's criteria.
For example, it's probably cheaper to have your own policy if someone in your family is a high-risk driver. In general, the faster a car goes or the more expensive it is to repair or replace it, the more expensive it will be to insure it. The most affordable way to get car insurance for a teen is to add the teen to a more experienced driver's policy, such as that of a parent or guardian. If your teen needs to buy their own policy, you should compare the quotes of at least three different insurers to find the best deal.
The cheapest car insurance for new drivers under 21 years old is that of Travelers, USAA and Progressive, according to WalletHub's quote analysis. While car insurance is often expensive for teens, there are still ways to reduce the cost of covering a young driver. To account for the additional risk of a teen driver being included in your car insurance policy, you can also increase the limits of your auto liability policy. Erie insurance offers a fixed rate, which would freeze your rates year after year, unless you modify the policies by adding another car or driver.
The cheapest car insurance companies for teens are Travelers, USAA and Progressive, according to the WalletHub analysis. Whenever you have an active driver's license, you should always ensure that you get the right insurance coverage before driving. When the points no longer appear on your driver's license, you can opt for more reasonable rates with traditional car insurance drivers.