Teen drivers between 16 to 19 are by far the riskiest drivers on American roads. For example, data from the Centers for Disease Control and Prevention (CDC) shows that nearly 2,364 American teen motorists aged 16 to19 were killed in car crashes across the U.S. in 2017 alone, while about 300,000 others suffered life-threatening bodily injuries, leading to emergency admissions. Note that male teen drivers account for more than two-thirds of these statistics. On the auto insurance front, car insurance providers typically tend to price the risk associated with teen drivers into their car insurance for teen products, making such products considerably more expensive than similar products aimed at adult motorists. With that in mind, here are key considerations when buying high school student car insurance.
Parents’ Auto Insurance Policy
When it comes to auto insurance for teens, high school student drivers can either use their parents’ auto insurance policy or buy their own policy. In most cases, the former option is less expensive than the latter option. Still, whichever option you choose, you can expect to pay higher-than-average premiums, because teens behind the wheel are always expensive, at least in the eyes of auto insurance companies. Thankfully, the cost of adding a teen motorist to a parent’s auto insurance policy varies from one auto insurance provider to the other, making this an important factor to consider when shopping for high school student car insurance. As a rough estimate, you can save up to 50% by adding your teen to your auto insurance policy, depending on factors such as you and the type of model of the car in question.
Car Insurance for Teen – Telematics Device
Most auto insurance providers have products aimed at promoting safe driving among teen motorists. In fact, some car insurance companies offer telematics devices that not only encourage safe driving habits but also allow them to monitor drivers with the aim of offering good drivers cheaper insurance products. By installing a telematics device, an insurance company is able to monitor a teen’s driving habit, including speed and mileage. With this information, the insurance company can create a custom insurance policy for the teen instead of offering them a custom product. At the same time, parents can use such devices to teach their teen motorists good driving habits.
Discounts for Teen Drivers
To lower the cost of high school student car insurance, most car insurance providers offer a variety of discounts aimed specifically at teen drivers. Some of the most common discounts in this space include:
• Good grade discount – To claim this discount, you must be a full-time high school student driver and, more importantly, attain the specified GPA score.
• Driving class discount – Many states across the country allow teen drivers, including 16-year-olds who have recently taken their driver’s education, to take driver’s education in order to lower their auto insurance premiums.
Consider these three factors when looking for car insurance for teens. For all your auto insurance needs, contact the experts at Promised Land Insurance Group today.