There is no such thing as cheap car insurance for teens. Drivers from
16 to 24 are always considered high risk, and insurers make them pay.
So if you're a parent looking to save money, you might have to take your
teen off your plan. Barring this as an option, if your teen is just learning
to drive and has a permit, some insurance companies will discount the
coverage - many don't charge a dime, so you wouldn't have to add your
teen until he or she actually obtained a license.
After your teen obtains a license, it might be cheaper to get him or
her a separate policy. Moreover, the older the car, the lower the premium.
And those under $2,000 don't really need to be covered for collision and
comprehension, which is often the most expensive coverage.
Find out why so many people are getting car insurance
policies with Nationwide Car Insurance. Get your FREE auto insurance quote
at their web site and see for yourself how much you can save each month.
Nationwide Teenager Auto Insurance
Things teenagers and parents can do to save money on
insurance rates.
Get on your parents' Nationwide insurance policy. It's usually cheaper
to add a teenager to their parents' policy, rather than be insured separately.
Most companies won't charge an additional premium until the teen is
a licensed driver. Parents need to inform their insurance agent or company
that their teenager is being added to the policy. Deliberate concealment
could impact coverage.
Good grades pay off. Most insurers offer a discount, some as high
as 25%, for students who maintain a B average.
Driver experience. Graduated Driver Licensing law requires teens to
log 50 hours with an experienced driver, but taking a formal drivers
training course will likely save on insurance. Many companies offer
up to a 10% discount.
Penalties can land you back in the passenger seat. Death and injury
are the highest price drivers can pay for drinking and driving, but
even if you manage to survive, a D.U.I. ticket will cost teenagers big
time. As a teen driver, you'll likely be cancelled and if you can get
insurance, expect to pay a much higher rate for the next 3-5 years.
Traffic crashes and citations will also impact your premium. Rack up
more than three and teens face cancellation or non-renewal.
Drive an "insurance friendly" vehicle. Cars that are a favorite
target for thieves or are considered "high performance" have
much higher insurance costs. Ask Nationwide insurance for the rating
on any car or truck you want to purchase.
Safety features and crash worthiness. Don't assume an old clunker
is your best insurance bet. Newer makes and models are designed to be
safer and discounts may be available if you have automatic seatbelts
and/or airbags.
Shop around. Even for teens, rates can vary by hundreds of dollars.
Also, if you can afford it, ask for higher deductibles.
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Teenager Auto Insurance