What are the Biggest Car Insurance Discounts for Teen Drivers? | Save Money Tricks | - YouTube

Channel: Save Money Tricks

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how's it going guys I'm Devin Howard and today we're talking about car insurance
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for teenagers so all of you parents out there who were watching I think you know
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the day that your child turns fifteen sixteen and starts to want to learn how
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to drive and starts driving on their own I think is a scary day for parents I'm
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not even a parent and I already know that my mom was terrified when I went
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out on the road for the first time and that's why it's important to have really
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good insurance purchasing car insurance for teenagers is very expensive
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teens obviously are looked at as risky drivers to insurance companies so the
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premiums are very high but we all have to accept the fact that teenagers will
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want to drive and eventually parents will be grateful that they don't have to
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cart their kids back and forth soccer practices in schools and hanging out
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with friends so this is something that we dissolve need to accept
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teach your kids how to drive well and get them good insurance but it doesn't
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have to break the bank some car insurance companies actually offer
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discounts for students with good grades companies will have different
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requirements such as age and GPA but it's still something that you can look
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into and see if the insurance company that you want to get offers something
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like that teenagers have to show a copy of their good academic standing like a
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report card or a letter of recommendation from a teacher in order
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to be considered for the discount students that have been homeschooled can
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show their test scores for the SAT or the apt so there are several ways to get
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a great discount on your teenagers car insurance especially if there have been
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students so teenagers if you're watching that's just another reason to study hard
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good student discounts vary for driver to driver company to company but it can
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help save you several hundred dollars per year another way to save on your
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teens car insurance is to get a family policy most states don't allow for
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teenagers to sign their own policy which means that their parents have to co-sign
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it with them this is actually good news for parents because when you bundle
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policies together you actually get really great discounts so if you add
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your teenager to your own plan you can save a bunch of money plus most
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policies offer multi-card discounts so that's another great way to save some
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extra money on that insurance another thing to consider is what car you're
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going to get your teenager sure I bet he or she wants that nice fancy BMW or a
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Mercedes or a brand-new whatever but that may not be the best move on your
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part if you choose a car that's typically considered to be a safe car
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you could actually save money on your car insurance it's important to do your
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research learn which cars are rated the safest the safest favorite drivers so
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that you can make sure that you're getting a good discount and also putting
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your kid in a car that's going to protect them if they ever get in an
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accident safer cars are typically cheaper to fix as well when they get in
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an accident and because of that they're cheaper to insure but one thing to note
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you may not want to buy your child a brand-new shiny sports car but you also
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don't want to give them a decades-old run-down car because then the car may
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not have the same safety features that modern cars do have so just do some
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research buying a used car is a great option just make sure it's still highly
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rated it has a high safety rating so that your kid is protected and your
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insurance policy is cheaper if you're kind of lost when you're looking for a
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car for your kid talk to your insurance company they might actually give you
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some great recommendations finally in order to get your teen the best
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insurance policy out there that won't break the bank for you just get quotes
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you can get quotes from every single insurance agency and then decide which
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one works best for you and your family alright everybody well I hope you found
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this video helpful if you've gotten your teen a great insurance policy let us
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know what it is down there in the comments also I'd love to hear your car
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recommendations for new drivers I think that's something that we can all talk
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about and learn more about if you like this video make sure you hit subscribe
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leave a comment down below and for more money-saving tips head to save money
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tricks calm thanks guys