The problem with insuring teenagers is the lack of evidence to show that they are responsible drivers. On the contrary, statistics show that they cause a lot more accidents than older motorists. However, there is a way of showing that you take things a lot serious than an average youngster. That is by being a better than average at school and qualifying for cheap vehicle insurance with student discounts.
Usually motorists between the age of 16 to 25 years of age are considered for this special rates. They need to be in full time high school or college education and achieve better than average grades. Then, they can qualify for more affordable teenager automobile insurance with around 15% discounts.
Carriers will want proof of commendable success at school to offer more affordable auto insurance student rates. Transcript of grades achieved or confirmation letters from schools will be required. A certificate signed by a school official is accepted as well. One of the following achievements will satisfy them in most cases.
– Being a good student with average B grade or higher. By pulling aces on the subjects you are good at you can push up the average.
– Being within the upper 20% of the class will be accepted as well.
– Making the honor lists and being rewarded for commendable achievement.
Keeping your head down and studying to get better marks is a sign of responsible young person. There is an indication that you will not be reckless while driving too. Therefore, risk of accidents will be lower comparably that they are happy to offer the lowest possible car insurance premiums.
Some companies specialize on student policies and can offer a lot more savings than others. However, their saying so is not enough to go with them. Most traditional firms will provide as good discounts as any specialist firm without making much noise about it. They have enough expertise within their underwriting team to put together affordable policies.
That is why you should get several quotes and compare them. The likely savings can vary between twenty and thirty percent depending on the provider. It is a large sum for most that cannot be ignored. Take your time to find the best rates.
It would be great motivation if getting a car is dependant on good grades. They would reach two goals when they put a decent effort to do better in exams. Savings for one child would be lovely. However, there are many families across America who have several children at school. They could receive a lump sum saving if all their children can get the most competitive prices.
Considering average car insurance rates for teenagers are 2.5 times higher than for drivers over the age of twenty five, these reductions will go a long way. When they are applied to high premiums, the savings in terms of dollar amounts will be sizeable as well. Therefore, it is not something to push for when a youngster is capable of achieving those targets.
Besides, there is hardly any other way such motorists can get discounts. Taking advanced driving courses may be the other option. Other than that they will be facing the prices applied to every other teenager in the country. How else auto insurers will know the difference between a cautious and reckless one anyway?