The insurance rates for new drivers can vary quite a bit, so it definitely pays to shop around as much as possible. Using an insurance comparison site is one of the best ways to gather competing quotes quickly – these sites allow you to enter your information just once and get dozens of quotes from insurance companies.
But even though those insurance comparison sites are a great start, they may not provide you with all of the available options. It is always a good idea to sit down with the phone book and look up all the car insurers doing business in your state. Make sure you have a quote from each one of those companies, either form the insurance comparison website or directly from the company. Only after you have information from all insurance companies doing business in your state will you able to make an intelligent and informed decision.
The Importance of Education
Even if you feel you have the skills to teach your teen to drive, it may be worth your while to enroll your new driver in a driver education course. Many insurance companies offer discounts to drivers who complete an approved driver education course, and these savings could be quite significant over the course of a year.
Be sure to check with your child’s school to see if a driver education course is offered as part of the curriculum. In some cases these driver education courses will be offered free of charge, while in other cases there will be a nominal charge for those services. Either way the money you spend on this critical part of your child’s education will be money well spent.
Choose Your Car Wisely
The type of car your child drives can have a significant impact on those teen driver rates as well. While your 16 year old son or daughter may crave a shiny new sports car for his or her birthday, indulging those wishes could cost you more than you realize. Not only will you be out the price of the vehicle, but you will likely also be paying significantly higher car insurance rates for many years to come. That is because insurance companies see sports cars and high performance vehicles as higher risks, and they price their policies accordingly.
So instead of that shiny new Dodge Charger or Chevy Camaro, consider buying your son or daughter a safe and sturdy vehicle from an earlier vintage. Buying a car with a reputation for safety will help to lower your car insurance rates significantly, even with a brand new driver in the house.
You can lower your car insurance rates even further by choosing a quality used car for your teenaged driver. Often the insurance rates for older cars are lower than those for newer model vehicles. This difference can be particularly striking if you need to carry collision and comprehensive coverage on your vehicle.
By taking these factors into account, you can lower the rates your teenage son or daughter will need to pay on the car insurance they need. Proper car insurance is a must for new drivers, but by shopping around you can reduce the bite on your wallet.