It's an unfortunate fact that car insurance for 17 year olds will never be truly affordable or cheap. 17-year-old drivers simply don't possess the maturity level and driving experience to qualify for low insurance rates. In fact, 17 year old drivers are members of the highest price category for car insurance. However, there are a few ways that you can help reduce the cost of insuring a young driver. So, here are some tips on how to save a little money when insuring your 17 year old driver.
Require Good Grades
If the 17 year old wants to drive (and all 17-year-olds do), make it a prerequisite that they gets good grades. Inform the young driver that their privilege to drive hinges on their ability to help you get reduced rates on car insurance.
If the 17 year old student driver is able to maintain an A or B average while in school, most insurance companies will reward them with lower insurance rates. Insurance companies are fully aware that students who study hard and get good grades usually make much safer drivers than students who do not. So, encourage your child to get good grades and receive a 10% to 20% discount on your car insurance rates when you add them to your policy.
Insist On a Driver’s Education Course
Before you start allowing your 17 year old to drive a vehicle, make sure that they enroll and pass a driver's education course. Like getting good grades, a young driver can qualify for lower rates when they have completed a driver's education course at their high school. Driver's education courses teach good, safe driving habits that insurance companies appreciate and reward with 10% to 20% car insurance discounts.
Limit Their Driving
One of the first questions your car insurance agent is going to ask you when you add a young driver to your policy will be how often the teen will be driving the vehicle. The next questions the agent will ask are do they have a job and how far is it away from your home. The reason the agent asks these questions is simple - the fewer miles they drive, the lower the insurance rates will be.
So, limit the amount of time that they spend behind the wheel. If the 17 year old wants to find a job, encourage them to find a place of employment that is relatively close to your home. Also, limit the number of days they are allowed to drive to school. Encourage carpooling among the student driver and their friends to help reduce the number of miles driven every week. The less time your young driver is on the road, the less of a chance they have of being involved in a car accident, which will result in lower insurance premiums.
Choose a Sensible Car
One of the most important factors in keeping insurance rates for the 17 year old driver down is choosing a sensible vehicle. Although they will obviously want to drive the hippest or trendiest vehicle that can be afforded, choose something more practical. Be informed that one can purchase the sports car of their dreams when they reach age 25 when their insurance rates go down. In the meantime, keep them in something less expensive-both to own and to insure.