How to Find the Best Value Car Insurance for Teens 

 May 16, 2022

Driving on public roads comes with a special set of challenges. It would be best if you had car insurance regardless of your age. Teenagers aren’t an exception. It is illegal to get behind the wheel without insurance.

Insurance coverage for teenagers is more expensive than insuring adults. Insurance providers feel that younger drivers are at a higher risk of getting into accidents. The bigger the risk, the higher the premiums. Luckily, there are ways to prove that you aren’t a risky customer to insurance providers.

Here are a few tips to find the best value car insurance for teens.

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Source: finance.zacks.com

Contents

  • Third-Party Isn’t Always Cheapest
  • Set the Excess to a Level You Can Afford
  • Add a Responsible Driver to the Coverage
  • Comparing Car Insurance Quotes Online
  • Work On Your Driving Experience
  • Improve On Security
  • Your Car Choice Matters
  • Observe Safety measures When Driving
  • Pay a Higher Voluntary Excess
  • Avoid Unnecessary Car Modifications
  • Pay Annual
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Third-Party Isn’t Always Cheapest

The three types of car insurance are fully comprehensive, third party only, and third party fire and theft insurance. Usually, third-party insurance is the most affordable option for young drivers. It doesn’t offer as much coverage as the other coverage options. However, this isn’t always true.

Insurance providers assume that those who pick third-party coverage are at the most risk. You can save a lot of money by choosing comprehensive coverage.

Set the Excess to a Level You Can Afford

Consider going for policies with higher excesses. The excess is the amount of claim that you have to pay out of pocket. The higher the excess, the lower your premium payments. Always ensure that you can afford premium payments if you need to make a claim.

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Source: atlantainsurance.com

Add a Responsible Driver to the Coverage

Consider adding another driver to your insurance coverage. When a second or third driver is in the plan, you will get more value for your money. Even though a second driver will increase the costs, they eventually help you pay less.

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Add a responsible family member as an ‘occasional user’ rather than the main driver. It can lower your premium costs significantly.

Car insurance costs are all about risk. Showing that you are a low-risk driver is the surest way to find the best value. High-risk drivers can reduce their risk by adding a low-risk driver to the policy.

The idea of adding other drivers to your policy is about trial and error. One person may increase the costs, and another one may lower them. Experiment with different costs and see what happens.

Comparing Car Insurance Quotes Online

The internet is a great place to compare car insurance quotes. Looking through your options will ensure that you choose the best policy for your needs. Finding the right car insurance on sites like CheapInsurance.com can save time and help you settle for the best option. Find a policy that is not only within your budget but also valuable.

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Source: dgbevan.com

Work On Your Driving Experience

A good driving history lowers your risk, thereby giving you more value for your money. The better your driving record, the more money you can save. Insurance providers cannot discriminate.

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Taking extra driving courses may be a great idea. Additional training improves your confidence on the road. It makes it easier to drive on rural roads, at night, or on dual carriageways. The courses may be costly, but they eventually save you money.

Improve On Security

Consider working on the security of your car before getting insurance. Keep the car in a safe place like a driveway or garage. Areas within sight of CCTV cameras are ideal.

If you can, get reliable security devices for your vehicle. They lower your premium payments and give you peace of mind.

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Source: caranddriver.com

Your Car Choice Matters

The type of car you choose has a major influence on your insurance for teens. Insuring newer models is cheaper than insuring older ones. Do some research about different cars and how insurance providers view them.

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While newer, more powerful cars may seem like your best options, they aren’t always. Sometimes, the more powerful a car is, the harder it is to insure.

Observe Safety measures When Driving

Young drivers are more likely to be reckless than older ones. The lack of experience and willingness to take risks could be a safety hazard. As a new driver, you have to build up experience with safety in mind.

Here are a few safety tips to keep in mind while driving:

  • Observe speed limits
  • Be cautious of other road users
  • Do not drive when tired
  • Be careful when overtaking
  • Slow down when approaching corners and bends
  • Maintain a safe distance between you and the next car
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Source: caranddriver.com

Pay a Higher Voluntary Excess

Your excess is the amount you pay towards the claim on your policy. With a higher voluntary excess amount, you will pay lower insurance premiums.

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Note that failure to make a claim could have you paying both the voluntary and compulsory excess amount. Therefore, it would be best to choose an excess amount you can afford.

Avoid Unnecessary Car Modifications

Even the most minor modifications will influence your car insurance costs. Performance and cosmetic modifications have the same effect on your insurance premiums. Anything from changing your suspension to getting alloy wheels has an impact.

The only modifications that don’t increase your premium payments are security-related. Adding security devices could lower your payments. Speak with your insurance provider if you are curious about different modifications and their influence on your premiums. Note that failure to disclose some of them will invalidate your coverage.

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Source: allstate.com

Pay Annual

Making annual rather than monthly payments may be difficult for young drivers. However, it is a great way to save money in the long run. Making one huge payment is a lot easier on your pocket than smaller payments every month.

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Car insurance for teenagers may be expensive, but there are ways to make it easier on your pocket. The main reason it may be so expensive is that younger drivers are considered risky.

Proving to insurance providers that you are a low-risk customer could save you a lot of money. Simple yet effective tips include paying a higher voluntary excess, avoiding unnecessary car modifications, and adding a responsible driver to your coverage.

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