Teen driver insurance rates

Car insurance for teen drivers may cost up to twice as much as an older adult driver. This can have a heavy impact on a family’s expenses by sometimes doubling the bills. The reasons for this discrepancy are obvious.

Auto insurance companies spend less money on older more responsible drivers. This is because these adult drivers are less likely to be involved in an accident which saves the insurance company money. Younger drivers are less experienced and are proven to cause more accidents. Statistics show that teen drivers are significantly larger liabilities to insure.

Here are some tips for teen drivers to avoid high insurance rates. Earn high grades in school, complete a defensive driving course or traffic school, become the primary driver on your family’s oldest or cheapest car. A teen driver’s auto insurance rates will definitely be lower if they drive a small cheap car with high safety ratings. It is always a good idea to shop around for the lowest rates.

Source: http://ezinearticles.com/?Why-Spend-More-Money-For-Teen-Auto-Insurance?&id=1853029