June 2, 2016
Tips to help you manage insurance rates and your teen’s safety
Insurance.com, a car insurance comparison site, surveyed 500 parents in regards to the rules and regulations they have set to protect their teen drivers.
Here are some of the findings:
– Adding a 16-year-old to your insurance policy increases the average bill by 152 percent.
– Nearly one in five parents confessed that they only sometimes supervise their newly licensed teen.
– Teen drivers who have no driving restrictions are more likely to break curfew, drive unsupervised, speed and drive under the influence.
Every one of these, except maybe the policy cost increase, is surprising to us here at Autoweek. Because we know how driving infractions lead to higher insurance rates, here’s a list of tips to help you manage your teen’s driving and the cost of insurance:
1. Establish basic driving rules. Rules like no texting while driving, meeting curfew and limiting the number of people in the car will help keep your teen driver safe.
2. Set a good example. If you are not following the rules of the road, how can you expect your child to?
3. Keep their car at least midsize. Bigger, heavier cars protect better in a crash, and teens are less likely to crash bigger vehicles in the first place.
4. Find a car with a high safety rating. Check the National Highway Safety Traffic Administration, the Insurance Institute for Highway Safety, Highway Loss Data Institute or other creditable websites for safety ratings on vehicles.
5. Ask about teen driving discounts. Some insurance companies will offer discounts for good grades, completing driver’s training courses, safety features on the teen’s car, installed driving monitors and teen driving contracts.
Implementing these steps into your teen driver’s life will help reduce the cost of your insurance, but more importantly will lessen the risk of them potentially hurting themselves or others on the road.