Reduce the Insurance Premium You Pay for Your Teen Driver

If you have a teen driver, you probably are cringing over the cost of auto insurance. Because the risk is high, insurers charge a premium to match. For this reason, you have to look at all of your options in order to save a buck. So, how can you reduce the amount you pay? Just:

1- Purchase an economy car.
Reduce the insurance premium you pay for your teen driver by purchasing family, economy car he can use. Buy a car he can drive that is inexpensive and full of safety features. This type of vehicle is the perfect platform for a new driver. When your teen matures and gets older, he can go out and throw hard cash toward a flashy car - one he can appreciate and actually care for properly.

2- Make your teen a secondary driver.
Auto insurers base rates mainly on the primary driver of a vehicle. For this reason, your teen should always share a vehicle with you or your spouse and be listed as a secondary driver. This type of arrangement makes the most sense anyway because you don't want to give an immature, inexperienced driver full reign over any vehicle. The odds are he will get into an accident or hurt someone else.

3- Clock the miles on your teen's car.
Another way to reduce the insurance premium you pay for your teen driver is by clocking his miles. Don't let him put too many on the car he drives. If you report less than 10,000 miles driven a year for the vehicle he uses, your insurer will give you a break. This task should be easy since your teen should only be cruising to the corner store and a few others nearby places.

4- Limit your teen's driving area.
Insurers charge their customers less for vehicles driven for pleasure versus work or school. Why? The driver is usually in less traffic and; as a result, he has a lower chance of having an accident. With this in mind, allow your teen only to mainly drive the car for pleasure. The money and worry you save will be worth hearing your teen's angst.

5- Take advantage of discounts.
A final way to reduce the insurance premium you pay for your teen driver is by taking advantage of discounts. The most obvious one is the good student discount. Use this money-saver as an incentive to get your teen to keep up his grades with the drawback of not having access to the family car.

These five tips will help you save money on insurance premiums when you have a teen driver. Apply them and keep more of your hard earned money in the bank.