“When you think about insurance, see us!”

What type of coverage do you need?

“Teens are the riskiest and most expensive to insure, and the costs vary widely from state to state,” says Laura Adams, senior insurance analyst for InsuranceQuotes.com. So much so that parents tacking teens onto their auto policies will feel the sting of an annual premium price hike of 84%, or roughly $2,000, on average.

“Consumers should shop their policies at least once a year, especially when a teen driver is involved,” Adams says. “The premium is going to decrease as the teen ages, and you want to make sure that information and the profile of your teen are up to date.”

What teen drivers and their parents can do to score discounted insurance rates:

  • Keep a clean record. If your teen stays clear of moving violations and at-fault accidents for a three-year period, the premium could be reduced by as much as 10%.

  • Take a defensive driving course. You can shave 5% to 10% off policy costs by having your teen go through an advanced driving course — which may or may not be included in the typical high school driver’s ed instruction.

  • Be a good student. This applies to drivers 16- to 24-years-old who are in high school or college. You must give your insurance company some proof that your child has a B-or-above average, or is on the honor roll or dean’s list, for a premium reduction of up to 25%.

  • Drive older, less luxurious cars. Premiums will be lower if your teen is driving an older large or midsize family sedan. They’re safer cars and shouldn’t cost as much to repair. You might also want to consider dropping collision coverage on an older car, but hold on to liability insurance.

Read More: Source

Posted 5:35 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2016
  • 2015
  • 2013

View Mobile Version

Our Customer Feedback

Our latest blogs

  • State Auto
  • Grange
  • Southern Mutual
  • The Hartford
  • Utica National
  • Southern Trust
  • GBE
© Copyright 2019. All rights reserved. Powered by Insurance Website Builder