Getting a cheap car insurance quote for young drivers is almost impossible. Having a teenage driver in the house is going to raise your insurance rates significantly. While higher premiums are just a fact of life with a new driver on your insurance, there are some things you can do to help limit the premium rise.
Good Student Discount - If the teenage driver is a good student then your insurance carrier should offer you a discount on the rate. The major insurance companies will usually require a B+ average or better, but their requirements do vary, so check with your agent to see if the young driver qualifies. Proof of a qualifying grade point will be required. A note from the school principal or a report card will usually qualify as proof.
Girl or Boy? - If the child in question is a girl, you will save some money on your insurance. It has been proven statistically that young male drivers are much more likely to get in an accident or receive a speeding ticket. While you will save some money if your teen driver is female, the savings will not be dramatic.
Drive an Older Car - If the teenage driver is in an older vehicle, this will help keep your premiums a bit lower. Insuring an older vehicle will be cheaper no matter who is driving so it makes sense to keep your new driver in the oldest vehicle you own. If you decide to let them drive your brand new sports car you can expect your rates to skyrocket. If possible, make sure you notate as many safety features as you can locate on the vehicle. Airbags and anti-lock brakes will help lower your premiums as well.
Clean Driving Records - If you have a clean driving record this will also help keep the premiums lower. Insurance companies will take your records into account when assigning risk to the child. It is also very important the teenage driver avoid both speeding tickets and accidents. If they receive a ticket or make a claim in regards to an accident you will see your premiums shoot up dramatically.
Your Vehicles - If the young driver has their own vehicle and is wanting to get insurance in their own name, expect them to pay a pretty hefty premium. Adding a teen driver to your insurance and letting them drive your vehicles will be cheaper. It is important to make sure the teen is always covered, as any accident liability issues will in the end be your responsibility.
Getting a Quote - Adding the teen to your insurance is as simple as calling your agent or logging into your carriers website. Always ask for all the discounts you are entitled to and request a good student discount if the child meets the requirements. If you are unhappy with the quote it might be a good time to shop around.
Shopping for insurance with a young driver can be daunting but if you follow these tips and keep your driving record and the teenagers academic record clean, then you should be able to keep your insurance rates in line.