While you absolutely will pay for more a teens car insurance premium than your own, there are steps you and your child can take to reduce that amount as much as possible.

Try to Reduce Car Insurance Sticker Shock for Your Teen-agers

Learn How To Make Car Insurance For Teenagers More Affordable At http://www.autoinsuranceratesdirect.com/teenagers/

While many parents would love their child to ride a bicycle forever, it’s just not going to happen. They are going to turn 16 and they are going to want to drive and you are probably going to, begrudgingly, let them.

If you have a teen-ager who’s about to learn to drive, get ready to pay some hefty car insurance premiums but keep in mind there are things you can do to reduce the cost of car insurance.

Rates vary widely, but the average cost of insuring a teen-ager is between $100 and $200 per month, depending on factors such as type of coverage you choose, the deductible, and the car year and model. And if Junior gets into an accident, that premium can more than double. That leaves parents taking a hard look at ways they can help reduce the cost of insurance.

While you absolutely will pay for more a teens car insurance premium than your own, there are steps you and your child can take to reduce that amount as much as possible. Paying for a teen-age driver will still be more expensive than paying for your own, but it’s worth it to take a look at the numerous ways now available to parents to limit these costs as much as possible.

Many car insurance companies, for example, offer some discounts for good grades. Insurance companies offer discounts of up to 25 percent for students who maintain grades of B or better (that’s a G.P.A. of 3.0 or better). It’s a terrific incentive for kids to keep up their grades and a good weapon for parents, too. Keep your grades up or lose the car keys. Not only will you get your teen more aware of the cost of car insurance, you’ll get a better student.

Teens who take driver’s ed classes are giving another discount of up to 15 percent. If your teen says it’s a waste of their time, now you have a way to convince them it’s not. Many parents also increase their deductibles, which also reduces premiums. Increasing deductibles from $500 to $2,000 can save as much as 35 percent on premiums. It is a bit of a gamble, but many parents opt for this to keep those premiums down.

Another, more obvious, way to keep premiums down is to buy your child a used car. Insuring a new vehicle is always more expensive than insuring an older model.

Having your teen-ager driving is going to cause you stress and probably some money. So it’s best to do everything you can to reduce your costs and keep your teen safe at the same time. Talk to your teen and make them aware that driving is a privilege (an expensive one) and not a right.

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