If you are looking for cheap car insurance for young drivers there is, quite simply, no magic bullet in order to find inexpensive quotes for this age group. Car insurance companies give out higher premiums to them for a good reason. Teenagers are a lot more likely to get into an accident than an adult. In fact, statistically speaking, a teen is more likely to die from a car accident than from any other cause. As a result, your car insurance bills sky rocket when you add a young son or daughter onto your policy. The only way for insurance companies to pay for the many accidents that teenagers cause is by raising the premiums for all of them. Sure, this is not fair, but insurance companies, who rely on statistics to access risk, do not distinguish among teenage drivers. Your son or daughter might be a very safe driver! But the insurance company has no way of knowing. Although there is no such thing as “cheapest car insurance for young drivers” for younger drivers, because it will always be expensive, there are ways to make their premiums less of a burden…

Put your teenage son or daughter on the same policy as your own, assuming you have a good driving record. This way, the discounts that you have are passed on to their policy. Furthermore, you, as an adult, have an income and assets which your son or daughter does not have, thus resulting in a higher total insurance cost if you insure them separtley.

Increase your deductible. Although this is recommended if you want cheaper insurance in general, its benefits are much more apparent when a teenage driver is added to your policy. Although you assume greater risk, in that you have to pay more out of your pocket for damage done to a car on your policy, long-term the savings can really add up, assuming that your young driver does not get into any serious accidents. You can save around 10% just by increasing your deductible.

Young drivers can get a discount on their insurance if they take driver’s ed. There are also safe driver programs and graduated driver licensing (GDL) programs your young driver can take part in, which can also lead to lower premiums.

Assuming you have multiple cars under your policy, make sure that the insurance company assigns your young driver to the cheapest car, if possible. However, some companies will not allow you to do this.

Forget about minor dents and bruises if your teenager happens to damage a car on your policy. Your premium can skyrocket if you report it to your insurance company. Before agreeing with a local body shop to repair anything, make sure to scope out the junkyards for used parts. Auto body shops want your business and money, as such, they are very likely to give you inflated estimates. Speaking from personal experience, three auto body shops estimated that it would cost $900 to replace a door for my 1997 Honda Civic. This would be for a brand new door. One trip to the junkyard netted me a used door for $160!

Some insurance companies give discounts for installing event data recorders in your teen’s car, which monitor things such as speed, acceleration, and whereabouts. Although your son or daughter might feel that it is an invasion of their privacy, it can get them to slow down, which, in the grand scheme of things, is better than any discount you might get from installing this kind of device.

Less is more. A lot of parents want their kids to be safe and let them drive expensive SUVs with all sorts of safety features. However, the savings you can get from letting your teenager(s) drive used and inexpensive cars can more than make up for your kids not driving a “safe” car. The best way to stay safe and accident free is to encourage safe driving habits for your young ones. Besides, who says you can’t get an inexpensive used car with good safety features? Fact is, the cheaper the car is the more low car insurance for young drivers you can get.

The older your kids get, the lower premiums they should have. Make sure that the insurance company knows their age. They might lower their premium as a result.

Grades matter. Auto insurance companies give discounts on teenagers’ premiums when they have high GPAs. Generally, you can get at least a 10% discount from your insurer.

Consider switching your insurance company to one with a specialty in ensuring young drivers.

For tips on saving on money on car insurance in general, check out Auto Insurance Discounters: You Are Your Own Discounters!

My other car insurance hubs:

Bakersfield Car Insurance: Some Tips
Baton Rouge Car Insurance Guide
Salt Lake City Car Insurance: Some Tips
Grand Rapids Car Insurance: Some Advice
Mesa Car Insurance Guide
Des Moines Car Insurance Guide
Inexpensive Car Insurance: Some tips
Short Term Car Insurance
Clearwater Auto Insurance

Although cheap car insurance for young drivers doesn’t really exist (your premium will be higher no matter what), there are ways to ease the pain, as I mentioned above. You can get affordable car insurance for young drivers. Long term, the best way you can save money for car insurance on your son and/or daughter’s premium is by making sure they drive safe.