Insurance costs more for teenage drivers because they are more likely to be involved in accidents. Finding cheap cars to insure for 17-year-olds is one way to reduce policy costs, in addition to selecting an insurer that offers discounts for things like being a good student and taking a driver’s ed course.
In addition to a person’s driving history, the year, make, model, and safety features of a vehicle are all considered when determining an insurance premium. Find out which vehicles are the least expensive to insure for 17-year-olds and how to get the best rates on car insurance for new drivers. If you want extra resources you should read this article.
What are some ways that young drivers can reduce their insurance costs?
Teenage drivers can reduce their auto insurance premiums in several ways, one of which is by driving a less expensive vehicle. The following are some other options:
- The child should enroll in the family car insurance. The premium for the parents’ policy will rise if they add their child, but this is still less expensive than buying the child their policy.
- Put down the total monthly premium. It is possible to save money on your auto insurance premium by paying for an entire year at once with some providers.
- To save money, get a good grade. If you’re a student, you can save money on insurance from most companies by maintaining a certain grade point average. Up to age 25, you can get a 5 percent discount.
- You should take a defensive driving course. Some insurance companies will offer a discount for enrolling your teen in this course, which may make them a better and safer driver overall.
- Don’t bring the car with them to school. Your vehicle insurance premiums may go down if your child attends college more than 100 miles away and doesn’t need to take the family car there and back. Furthermore, there is no gap in coverage for them at present.
Guidelines for Locating Insurance-Friendly Vehicles
However, if your affordable vehicle has numerous safety features, you will almost certainly see a reduction in your average premium. In addition to the items in the preceding chart, you should be on the lookout for the following while driving:
- Anti-lock brakes
- Electronic stability system.
- Safeguards against lane drift
- A.C.C. – Adaptive Cruise Control
- The pretensioner of the seatbelt
- Access and ignition keyless systems
- Safety measures, such as an alarm
There’s a chance you could save money by installing additional security features, like a removable bar across your steering wheel.
It’s essential to consider the cost of affordable auto insurance when shopping for a car for your teen driver, and if you’re planning to buy a new car, you should know that features like navigation systems and other high-tech gadgets can drive up the premium. However, the opposite is true if the used vehicle you purchase requires extensive repairs or is equipped with parts that are difficult to source.
Some car features can make vehicles less safe for new drivers and thus more expensive to insure. Some of these are:
- Smaller, less sturdy cars are more vulnerable to crash damage.
- Powered by robust, high-horsepower engines
- Because the National Highway Traffic Safety Administration gave it a failing grade (NHTSA)
In what ways do various factors impact auto insurance premiums?
Finding the most miniature expensive vehicles to insure for a 17-year-old is only one piece of the puzzle when shopping for an affordable policy. What other factors an insurance provider can use to set your rates governed by state law?
In addition to the specifics of your vehicle, the following are typically taken into account when calculating insurance rates:
- Up to a certain age, men pay more than women for vehicle insurance due to their sex. After a certain point in life, the female rate typically rises above the male rate.
- Teenagers face premium increases of 59% to 116%.
- Rates will be higher in states and regions with larger-than-average populations or higher-than-average accident rates.
- Accident rates are lower among married people than among unmarried people, especially married men. Thus, rates may be slightly reduced.
- Drivers who have long commutes or frequently travel for work may be charged more than those who work jobs closer to home.
- Higher premiums may result from factors such as a person’s driving record, wherein points and violations add up quickly, or a lack of experience behind the wheel. It’s one of the main reasons why covering a teen can be so challenging.
Conclusion
Several vehicles are safer and less expensive to insure for a 17-year-old driver than others. Your teen driver may be eligible for savings by completing a defensive driving course or meeting the requirements for a good student discount. Finally, as a parent, you have some options for lowering your premiums, including getting an umbrella policy and your teen driver in your existing plan.
