Is It Expensive to Buy Car Insurance for High School Students?

If you have bought a new car for your teenager, you should consider getting it insured. Car insurance can not only protect your teenage driver from accidents and collisions but also save the costs associated with it. However, buying car insurance for high school students can be expensive, as they are the least experienced drivers and more likely to file several car insurance claims compared to experienced drivers.

Adding Your Teen to Your Policy

You can add your teenage driver to your auto insurance policy rather than buying them a separate policy, as it is considered cheaper. You can add them as a named driver under your auto insurance policy. Though this will increase your premium costs, at the same time, you can save some dollars required to buy separate car insurance.

How Much Does It Cost to Add Your Teen Driver to Your Car Insurance Policy?

The cost of adding your teen to your car insurance may vary from one provider to another, while also depending on the type of insurance policy. It would be good to explore different providers and settle with the one who offers the best rate.

Car Insurance Discounts for High School Students

Despite adding your teen driver to your policy, you might qualify for some discounts and incentives and pay affordable premiums. Therefore, make sure to check out the discounts available to you. Some of the discounts you may qualify for include:

  • Good Driver Discount – You will be eligible for this discount only if your driving record is clean.
  • Good Student Discount – On average, it can save you $361.
  • Multi-Policy Discount – You can save some cash on your premiums if you bundle your car insurance with another insurance policy.
  • Defensive Driver Discount – You can save from 10 to 15% on your premiums if you take part in a state-approved driver education course.
  • Choose a Higher Deductible – Increasing your deductible will lower your monthly premiums.
  • Student Away Discount – On average, you can save $404 a year if your teen attends college away from home.
  • Choose a Safe Vehicle – You can save on your car insurance if your car has adequate safety features.
  • Wait to Get a License – Buying car insurance for a licensed driver is cheaper than buying such a policy for the one who does not have a license. Therefore, waiting to get a license may reduce your insurance costs.
  • Low-Mileage Discount – This discount applies if you do not drive frequently.

Maintain a Clean Driving Record

Different states have specific rules and regulations for newly licensed or teen drivers, including driving with limited members for the first six months. Make sure you follow your state’s driving rules correctly to avoid getting points on your driving record. Your premiums may increase if your driving record is not clean.

If you frequently drive or your everyday commute is more prolonged, increase your coverage limits so that you do not need to pay out of your pocket for any unexpected expenses. Some insurance companies offer a telematics device that encourages safe driving habits as well as lowers costs.

There are different car insurance policies available for you to choose from. Make sure to select the best policy that suits your unique coverage requirements and budget. Do you have any additional questions about your car insurance? Contact the experts at First Insurance Solutions today. We are always eager to assist you with all your coverage needs.

By First Insurance Solutions

First established in 2003, the experienced insurance consultants at First Insurance Solutions provide unmatched insurance solutions to increase indemnity against personal and business risks. We aim to provide businesses and individuals with quality, reliable insurance policies that meet their needs and budget.