Learning to drive is the ultimate teenage goal. When a young driver gets their learner’s permit or license, they are eager to explore the limits of their new skill.
According to the CDC, drivers between the ages of 15 and 19 accounted for 11% of all vehicle accidents in 2013. These numbers can make buying car insurance for your new driver pricey. However, insuring your teen is a requirement in most situations. Use these tips to keep your child safe on the road with less impact on your monthly payments.
Buy Smart
- If you’re buying a car for your teen, choose a model that is at least 4 years old. Less expensive cars usually cost less to insure.
- Load up on safety features. Stability control, anti-lock brakes, air bags, and back up mirrors are some of the features that can positively impact your payments.
- It may be cheaper for your teen to have their own policy. An M8 Insurance agent in Salt Lake City, UT can help you decide if this the right choice for your family.
Education is Key
- Driver’s education and safety classes teach tactics that reduce risky behavior behind the wheel. Successfully completing a driver’s course can earn you an auto insurance discount.
- Need another reason to encourage good study habits? High academic performance shows a sense of responsibility that can cut your payments.
- Have your teen sign a safe driving contract. Insist on seat belts, no cell phones, and a limit on passengers. Establish consequences for violations. These small infractions can have a big impact on insurance rates if they’re caught in the act.
You may have other options available to provide security to all the drivers in your household. Contact the experts at M8 Insurance in Salt Lake City, UT to learn more ways to protect your family while on the road.
