If you want your teen to be insured to drive your car, be ready to pay a lot of money. Young people tend to get into more accidents than older people, which is a sad fact of life that insurance companies are well aware of.
Your insurance company may give you a different Teen rate depending on the gender of the child. Boys are a higher risk than girls, so they are more expensive to insure. Overall, someone between 16 and 19 is four times more likely to have an accident than someone over 19. It's hard to blame insurance companies for charging more to protect themselves and your family.
Teen insurance is expensive, but if your child gets good grades, this can help you get a discount. Teenagers with a B average or higher usually cost their parents three quarters less to insure than students with lower grades. Also, make sure your teen has taken safety courses and learned how to drive well. You could save up to 10 percent if you get a certificate from one of these courses.
The other important way for teens and adults to save money on premiums is to drive less. Don't make a mess! That is, your record as a driver. Your premiums can go through the roof if you get tickets or break traffic laws. Again, gender is a factor, as the increase in premiums per offence is smaller for women than for men.
Even though it seems unfair and biassed, you have to keep in mind that it has nothing to do with you. Insurance companies let the numbers speak for themselves, so if you want your teen to have the cheapest insurance, no matter what gender they are, make sure they have taken a driving course, stay out of traffic and legal trouble, and keep their grades up.
