If I told you to send me $50 for doing absolutely nothing, would you? Of course you wouldn't! So how come when it comes to getting car insurance for teenagers, most people are giving the auto insurance companies extra money? Think I'm crazy? If you are a teenager and currently have an insurance policy, I am almost 90% certain that you are paying too much for it.
How can I be so sure? It's because I understand the buying pattern of teenage drivers. The average teen drivers sees getting car insurance as a necessary evil and wants to get it over with as soon as possible. This results in young drivers only getting 1-2 insurance quotes before buying a policy.
Here are a few tips that I know that can drastically reduce your insurance bill (sometimes instantly).
Getting Cheap Car Insurance For Teenagers In 5 Easy Steps
1. Get on your parent's insurance policy. This is probably the easiest way to get less expensive insurance rates. Since your parents are older and have established a relationship with the insurance company, getting added onto their policy will give you an immediate discount over getting the policy yourself. Humble yourself and beg your parents to let you get on their insurance. Offer them a trial period or paying in advance to help your chances. The bottom line is saving money and piggybacking onto your parent's insurance does that quite effectively.
2. Achieve and maintain good grades. Having report cards full of A's and B's can lead to a 5-10% discount on your insurance premiums. Many insuring companies have programs set up to reward teen drivers who can earn and keep at least a B average. They associate good grades with more maturity, and thus pass the discount onto you.
3. Maintain a perfect driving record. Teens pay high insurance premiums to start wit because they don't have enough driving experience. However, if you can avoid any traffic violations and accidents for six to twelve months, you may be eligible to have your insurance rate re-examined and possibly get a lower amount.
4. Pay for the entire policy in one lump payment. Like most businesses, you can generally get a reduce price if you can pay for something in one lump sum, as opposed to making monthly payments. Ask your insurance agent how much of a savings you can see by doing this.
5. Get as many free insurance quotes as you can. The more of those free auto insurance quotes that you get, the greater the probability of finding one that offers the same amount of coverage that you currently have, but at a much lower price. And because these are free of charge, you really have nothing to lose. There are even websites that pass your info onto several auto insurance companies simultaneously, making the process of getting multiple quotes even easier.
These five simple steps will make finding cheaper car insurance for teenagers a much more likely outcome. But more importantly, you will stop giving the insurance companies extra money. The potential savings can be significant, possibly into the hundreds of dollars range. Chances are you are paying too much. The more important question is not whether or not you are overpaying, but by how much.
Want to learn more about the multiple auto insurance quote providers that I mentioned? Click here to see my top recommendations.
Visit http://carinsurance4youngdrivers.org to learn how to get the best (and cheapest) car insurance for young people and teenagers. Knowing just one of these tips can save you thousands of dollars in insurance premiums each year!
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