Finding Young Driver Car Insurance and choosing the right policy that will be in line with a parents budget is a process that requires some homework. It is important for a parent to be aware that adding a teen driver to their policy will cause the premiums to go up substantially and sometimes double the current rates if there is complications such as previous violations like speeding tickets. However, if you the parent teaches your young driver how to drive safely and obey all of the traffic then the rates will most likely decrease over a 2 year period of time. If you neglect teaching proper road manners then your teen is likely to get tickets or worse like have a wreck.
Another way to keep the rates low is not to report things like getting a door ding in the parking lot or anything that cost less to fix than the deductible that does not involve another person or damage to their property.
Assorted insurance companies offer different rates and discounts. For instance, some insurance companies will offer a discount for teen drivers who maintain at least a B average in school, otherwise known as a good student discount. Other companies will offer a discount if the teen participates in a driver safety or driver education course. You must make sure if the class the young driver takes is accredited and the insurance company will accept this to help lower your rates. Check with several insurers to see who will give you the best rate with driver course credits.
Young Driver Car Insurance will be affected by the type of car he or she will be driving. If you let them drive a high performance car then it is likely the insurance rates will be higher than driving a practical car such as a older sedan or perhaps if you are buying a new sports type car then get one with a smaller engine and a automatic transmission , most insurance companies have reduced rates for that type of car and engine combinations. As the owner of the policy you can choose not to carry comprehensive or collision on an older car, which will also lower the insurance rates but if there is a lien and or the car is worth over three thousand dollars you would need to carry collision.
Many insurance companies online have young driver car insurance with different rates and offers ,each and every company will not be the exact same and you must check compare the terms ,premiums and benefits. Do some adjustments such as increase the deductible from 500 to 1000 and that will lower your rates , some companies will be lower so be sure to compare each company with every change you make in you application.