Just the thought of obtaining car insurance for your teenager may be enough to break you out in hives. Typically insurance rates for minors are through the roof, due to the driver’s inexperience and the statistics on teenagers and accidents. Teenagers have a lack of experience with driving and thus get more tickets for speeding and traffic violations, and sadly, do get into more accidents. Coverage for teens does cost more on average, and there is really no way around it. That said, there are tips for shopping for teen car insurance that can help you save some money.

Firstly, don’t go out and buy your teenager a sports car! This will cause your premiums to go through the roof. They may not want to drive a sedan, but they will be safer and your rates will be considerably cheaper. Make sure it is an older model as well, and not a brand new, off the lot vehicle. With an older vehicle you have the option to drop full coverage insurance and opt for liability, which will come out much cheaper in the end.

Filed under: Tips and Secrets