Young Driver Auto Insurance Tips

Parenting brings many responsibilities throughout the years. As they reach their driving years it can bring back memories of when you first learned to drive. As a parent it can become a stressful time (both financially and as a parent in general). You may have to accept how calm your children are at the wheel, or potentially how they may become very confused and anxious. Regardless though you will want to prepare them the best possible for the road. Outside the vehicle you will also be confronted with added insurance premiums for them to be able to drive your vehicles (or their own).

The insurance companies look at teen drivers as a high risk. Becoming a lower risk driver comes from driving experience which the new drivers haven’t been able to attain yet. As they get more practice they will lose that feeling of immortality that many young folk have and replace impulses with sound judgment that reduces a lot of hazard as well. In time they will reduce their risk with a lot of different experiences with road conditions, traffic conditions, and gained skill at safe driving. In the meantime, what follows may aid you on finding the best insurance rates for covering your children while you help them learn to be safe drivers.

Almost everywhere (at least in America) are found approved driver’s education programs and additional driving safety courses (often from private driving schools). They are available to your children and will often involve a combination of classroom and actual driving (with an experienced instructor). Among the coursework involved will usually be some emphasis on drug and alcohol awareness (and the impact these can have on driving as well as driving record). Some of these programs completions bring mandatory discounts for insurance, and others may bring additional cuts from certain carriers. They can help you bring down your insurance bill.

When it comes to the rates for a young driver, the insurance companies have very little information to each drivers actual risks, and have to assume the worst averages in spreading their financial risk across the entire class of drivers. Though each company has it’s own ways of deciding, and some may even take school grades into consideration. These companies may offer you better rates for your grade A student.

Frequently, parents include their young drivers in their own automobile insurance policies. With this they are able to benefit from a number of discounts the insurance companies offer with more coverages. The added drivers and vehicles definitely contribute to this. In the long run, even with the increased premiums from the young driver(s), it will still be cheaper than getting a separate policy for one driver. Having your child help you pay it can be a great way for them to start taking care of their own affairs as well, though with the policy being a part of the family, it won’t make it so hard on them (or you).

While new vehicles often have the latest safety measures, and may bring reduced rates as well, often you can find slightly older vehicles which carry the same features with lower rates due to their lower market value. It may seem like a great idea to get your new driver a new vehicle, though considering what the vehicle may go through, maybe that would be more ideal later. Finding them a safe vehicle that wouldn’t put so much of a burden on the finances would ease the bite the additional rates will make in the budget.