Insuring a Teen Driver? How to Get the Best Rates on Their Coverage

It's an exciting time when teenagers finally get their driver's license. They can finally be responsible for their own transportation. If your teen has reached that point, you might be ready to get them their own car. If that's the case, you'll also need to be ready for the insurance. Now's the time to find ways to reduce the cost of their insurance coverage. Some of the mistakes you make with your teen's insurance coverage can be quite costly. Here are some tips to help you avoid those costly mistakes. 

1. Don't Insure Them Separately

If your teen has bought their own car, you may think it's a good idea to have them get their own insurance policy too. But, that's not necessarily the case—even if they are going to be paying their own premiums. Insurance companies look at the age of the driver, and the amount of driving experience they have when assessing the price of an insurance policy. If your teen has only been driving a short time, insurance companies are going to charge high prices for stand-alone policies. But, if you attach your teen to your policy, insurance companies will give you a reduced price for the coverage. 

2. Take Advantage of Discounts

If you need to insure your teen driver, make sure you take advantage of the discounts. You might not know this, but most insurance companies do offer some discounts for teen drivers. Some of these discounts include discounts for good grades, as well as discounts for taking a defensive driving course. If your teen has good grades in school or has taken a defensive driving course, be sure to include that information when applying for auto insurance quotes. 

3. Know Your Teens Driving Habits

If you don't know your teens driving habits, spend some time in the passenger seat. Some of your teen's driving habits may cause your insurance premiums to go up. This is especially true if your teen has developed some bad habits already. Tickets and accidents can increase your teen's risk as a driver, which means you'll end up paying more for their insurance coverage. If you're not sure about your teen's habits, sign up for a monitoring service. You can use an electronic device to track the way your teen drives. This process can reduce the cost of insuring your teen. 

Don't pay too much for your teen's car insurance. Before you insure your teen, use the tips provided here to make sure you're getting the best deal on their auto coverage. Contact auto insurance providers to learn more.