The Cost of Car Insurance For Young Drivers

The Rite of Passage as US Kids Start Driving

I can not think of too many events that are tougher than turning over the car keys to the teenager in the family. After all, a vehicle weighs a few tons, and as we know all too well, has the potential to kill people. I know that sounds very harsh, but as a parent, I know that all of these thoughts go through our minds. Parents of young children think they have it tough, but those days of diapers and trikes seem like fond memories to me now as I prepare to put my teenager behind the wheel of a car!

The Auto Insurance Premium is Scary Too!

Second only to letting our teens drive may be the time when we have to see our first car insurance statement. While the young person learns to drive on a learner's permit, our own insurer probably covered them as long as they followed all of the rules. Be sure to check with your own company, but it generally seems to be true for most of us. However, once young Suzy or Sammy gets their own full license, an insurer will certainly require that you add them to your family vehicle policy!

Many parents have settled into some comfortable level of safe driving and lower premiums. However, your kid will not have any driving history to present to an insurer. So the company will lump them in with the high risk group of all teen drivers. A 16, 17, or 18 year old will not be very likely to get the same sort of cheap rate that mom and dad get.

Be Sure and Shop Around.

Your old company that was so friendly to you, as middle aged adults, may not give your kid the benefit of the doubt. This is one of those good times to take the trouble to shop around. You can use your clout as the carriers of multiple policies, but see which insurer gives you the best break.

Look for Other Car Insurance Discounts Like Driver's Education

I am a big fan of driver's education for young people. When I was young, schools had this class, but now it seems rare, and must be privately purchased. I can not imagine why this class is not important enough to include in public schools, but in my opinion, it is worth purchasing.

Even though the classes may cost $ 400 or more, they will save you money in the long run. First, they have been proven to produce safer drivers. Avoiding accidents is priceless. Second, insurers love anything that helps risky drivers, like teens, avoid accidents, and they are willing to offer a discount. You know this has to be a good idea!

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