How I Improved My Car Insurance For My Teenager

Car insurance for teenagers is required by law and is important to protect the youngest drivers in the family and their vehicles. According to The Balance teenagers pay the highest insurance premiums of any group because they are first-timers classified by the insurance industry as young drivers. The term young driver actually refers to drivers between the ages of 16 and 24. New drivers with a good driving record will see their insurance premiums decrease each year with more driving experience.

How to Add Car Insurance For My Teenager

Follow these steps to add teen drivers to your policy:

  • Ask your current insurance company when you should add a teen if youre in the process of getting licensed or getting a drivers license.
  • Get an offer to add your child to an existing extended liability policy (100/300/100 endorsements).
  • Look around and get quotes from various auto insurance companies to find the best price for you.
  • Add your child to an existing policy or a new policy at a better rate at the right time. Don’t forget to ask for a discount on both.
  • To keep your children safe and keep your insurance premiums as low as possible watch over them as drivers and insist on good driving habits.
  • Every time you renew or shop around at least once a year so the best auto insurance companies can lower your rates as much as possible. Also check if your child has improved their grades to qualify for a good student discount or if there is a new discount available such as a driving course.
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Best Car Insurance For My Teenager

Make sure your rate is the cheapest by comparing the best insurance companies at every renewal or at least once a year. Also check to see if your childs grades have increased and now qualifies for a good student discount or a new discount if theyve taken driving lessons.

Geico

Geico made this list just like our other best lists. Airlines offer nationwide competitive fares for young drivers. The median annual excess premium for full coverage at age 16 is $2168 according to Bankrate. Also according to the NAIC Geico has fewer complaints and JDs. It has a high customer satisfaction score according to Power Survey.

Geicos deep discounts are especially aimed at younger drivers which is a great option if you want to keep your premiums down. These include new car discounts for class B or above (save up to 15%) multi-car discounts (save up to 25%) and youth driver discount vouchers. Five years have passed without incident (up to 22%). Thats a huge discount and what we love about Geico is how much transparency you can save. Other insurance companies may say they offer a discount but wont tell you how much you can save.

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USAA

Most of us dont qualify for insurance from the United Service Automobile Association but if you have military or veterans in your family your young driver may be able to get coverage from this company. JD According to Power it is on our best insurance list for excellent customer service. The carrier scored 884 and 909 for overall customer satisfaction and auto claim satisfaction respectively. In contrast the national average was recorded at 834 and 909 respectively.

For starters USAA offers competitive rates to those who qualify compared to other insurers an advantage discount that makes rates more competitive. It offers the same discount as many of its competitors including top students and drivers taking driver training courses. Teens who switch from home insurance to their own car insurance are eligible for up to 10% insurance discounts.

State Farm

State Farm is another provider that is widely available across the country and offers all kinds of discounts to young drivers. State farm driving safety.

Drivers under 25 who have not had an accident or driving offense for three years can save up to 15% so you qualify for this discount faster than Geico. And if you have students who only use their car when theyre home for a college trip or vacation youll qualify for the student away from home discount. State Farms discount for young drivers is hefty compared to other insurers on this list with the average annual excess premium for comprehensive coverage for a 16-year-old at $2.077 according to Bankrate.

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Progressive

Everyone knows Flow from Progressive but did you know he has a Twitter account with 71.000 followers? This is more than twice as many Twitter followers as Geco without the Geco name. Along with its progressive reputation the number of complaints across the country is very low. The NAIC index scored a progressive 145 out of 100 (higher means more complaints). In addition the average additional annual premium for full cover for a 16-year-old is $3305 more than $500 less than the national average.

Progressive has several discounts for families with multiple vehicles and for teen drivers and college students. Teen drivers under the age of 18 with 12 months or more of insurance are eligible for a teen driver discount. And Progressive offers lower rates in addition to the standard good student discount for students who attend school more than 100 miles away or who rarely drive.