Adding a teen driver to your auto policy be able to be a painful experience. One, you don’t select to allow them drive your brand new car and two, your rate is about to double or triple. Yes, I did say triple. Especially using a new car. The newer your cars are the higher the rate boost.

Here are a few tips to help you avoid this financial headache.

Do your kids have to have a brand new car?

This one surprises me every the time. Parents complain about how much insurance costs for a teen driver and then I ask them what multiplicity of car they are looking at and it’s a brand fresh 2006 or possibly even a 2007 model. You say it’s loaded using every these fresh safety controls and has 12 airbags. Those safety features will protect you but they also cost a lot to fix and replace so that’s why the insurance is high. Cars are simple to replace, people are not.

There are several reliable late model cars out there that are only as safe since the brand new models and will cost less to insure. If your teen wants a newer model to look magnificent, speak them to start working for it.

Another gain to having a late model car is you can decide not to put comprehensive and collision coverage on it. This will drastically decrease the cost of your premiums. Keep that inside mind when shopping for a car.

Make sure you get all the discounts your teen driver is eligible for.

A ‘B’ or better average will generally qualify them for a Magnificent Student Price cut. Have your teen take a driver’s training course. These two discounts be able to take a nice chunk off the insurance. And they also encourage safe and responsible driving. Make sure you remind them that driving is a privilege not a valid.

Two other discounts you possibly will be eligible for are for when they go away to college or overseas to study abroad. Both of them make available you a price cut for limiting your teen’s access to your cars. The logic is they don’t have access to your vehicles so they be supposed to not affect your premium. You have to make your insurance company aware of these situations when they arise. Most companies are not going to be proactive about lowering your rates if they be able to improve it. It’s up to you to make sure you get every the discounts you and your teen are eligible for.

Most states allow teens to have a permit. Apply that to your advantage.

This one is a little sneaky but when you be able to save a few hundred dollars each 6 months every tiny bit helps. When your teen has a learner’s permit most insurance companies do not charge you for this. Only when they get their actual driver’s license do your rates go through the roof. The idea is to keep them using their permit for since long as possible. Understand that with a permit there are restrictions such because driving supervised and not driving at night. So since long since you don’t mind supervising your teen as they improvement more experience by all means go ahead.

And once they do get their actual license you have to allow the insurance company know about it or risk a claim they cause being denied.

Insuring a teen driver is expensive no matter how you slice it. Follow these information and you can begin getting the best teen car insurance rates available.