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Almost all teenagers anxiously count down the months, weeks and days until their 16th birthday so they can get their license and hit the road with a new sense of freedom.
While almost every 16-year-old wants a driver's license, not all can afford teen car insurance.
With these helpful tips, you can find great cars that come with affordable insurance rates, along with useful tips to reduce insurance premiums.
Choose Your Vehicle Carefully
Every teen dreams of a shiny new Porsche awaiting him outside the driveway for his big 16th birthday party but for most that are just a silly fantasy.
If you are a teen on a budget, like most Americans these days, choosing the car, your drive could be the deciding factor in terms of insurance affordability.
When you consider what car to drive, make sure you combine the elements of safety with insurance affordability. Remember, just because a car is cheap to insure does not mean that it will protect you in a serious crash. Teenagers have a nearly three times more chance of being in a fatal automobile accident according to Highway Safety reports nationwide, and the insurers are acutely aware of this.
Teen fatal car crashes not only cause emotional and personal damage, but to the insurers, the claim costs can be exorbitant.
Nothing is more relevant than your health, so choose a vehicle that is first and foremost safety loaded and then is cheap on insurance. Let’s take a look at three safe cars that are also cheap to insure.
2017-2018 Audi A3
This used Audi car is the perfect combo of style, technology, safety, and affordability. This European classic comes equipped with numerous safety features from the front and side airbags to a standard anti-lock brake system. Audi cars seem always to get out on top in nearly every major crash test. Insurers take notice of these tests and reduce rates on the safest cars tested.
With this vehicle, you get the best of all worlds, a sexy sports car, maximum safety, and an insurance rate a teen working at McDonald's can afford.
Ensuring a 2016 Audi A3, for example, should cost only about $240 monthly, for a teen who adds the car onto the families policy. With those kinds of savings, teens can save up for other essential things like a new iPhone.
2015-2016 Honda Accord
Although it is not the fastest or the sexiest car on the road, if you need a safe and comfortable vehicle for a teen, then the Accord is a winner. The car is cheap to maintain an impressive list of safety features, including curtain airbags, stability control, and standard anti-lock brakes. The Accord has also performed well over the years in Consumer Reports safety crash tests, which has also helped bring down insurance costs for these models. Expect to pay around $165 monthly for teen coverage.
2016 Scion Xb
The Scion is already one of the most popular teen cars and also one of the least to insure. Recognized for it are custom features and original looks, the Scion also boasts excellent reliability and safety features including airbags and anti-lock brakes.
A used Scion that is 4 or 5 years old costs around $10,000 to $15,000. A safe teen driver with a clean driving record can expect to pay about $190 a month to cover this Scion.
So if you get both a good car loan on a used Scion and cheap insurance, you should be able to drive legally for about $350 a month: not bad at all!
One other important tip is to avoid cars frequently stolen. Each year the Nations Institute of Crime Bureau releases a list of vehicles that are stolen the most. The list might surprise you as many of the cars are very common, like the Honda Civic, so definitely consider a vehicle that is not on these lists.
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Look for Discount Car Insurance Teens
You might think that there is no insurance discount available for teens, but that is just not the case. Nearly all direct auto insurance companies have several discounts just for teens. These include good grade discounts, driver safety discounts, and also declining rates for those students who stay in school. If you are a teen on your way to college, ask your insurer if there are any alumni discounts. Some companies such as Alliance have teamed up with several colleges and offer alumni discounts up to 30%.
One super important thing all teen drivers should do is take a driver safety course. Most insurers offer discounts of at least 10% just by completing a class of security.
Not only will a Driver Safety Course save you on your insurance, but the valuable driving knowledge you learn could save your life.
For example, most teen driving classes now graphically show the potentially fatal consequences of teen texting while driving and driving under the influence. Adolescents who are impacted and choose not to text or drive huge benefits everyone, and also reduce insurance rates.
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Shop Online for Direct Auto Insurance
Teens are already at a disadvantage when it comes to finding cheap automobile insurance. Many insurance companies unfairly charge exorbitant rates, even to those teen drivers who are responsible and obey the traffic laws. The only way to find the best rates is to compare car insurance rates with multiple quotes. This might seem like a daunting task, but the whole process should only take about 1 hour at the most and could save you over $1,100 a year.
This generation of teens are nearly all tech-savvy and can find the best direct automobile insurance all from their smartphone or tablet. Online insurers who provide direct car insurance to the public have the cheapest rates. This is because the costs associated with doing business over the internet are so much less expensive than a traditional sales force model. So the safest place to begin is online and make sure you get at least five quotes.
If you are a teen that has been driving for a year or more with a clean background, you should be able to get a new price and get your rates lowered by 10% or even 20%.
Don’t be shy either to ask for discounts and even offer up the maximum payment you can afford. Use these tips to find a great car that you can afford and save the most on your insurance.