Reader’s Question:

I’m a teen driver and I am well aware that teen auto insurance rates are astronomical. Can I still get insurance policy that is within my budget? Help is badly needed here. thanks!

Regina

Tallahassee, FL

Although teen auto insurance in most cases can really be expensive, there are still ways to get cheap teen auto insurance so you don’t have to worry that much Regina.

For one, you must remember to drive carefully at all times. As you see Regina, the reason why insurance companies set higher insurance rates for teen drivers is because teen drivers are high risk drivers. Why? It’s because teens do not have enough experience yet on the road. So oftentimes, they are involved in accidents. So as much as possible, do NOT even think about getting traffic tickets under your name and worse, even getting into an accident. In the long run, insurers will lower your insurance rates if your driving records will stay clean.

Another, make sure that you aim for an average of 2.0 or higher because this will significantly help you get lower auto insurance rates.

Also, if you still haven’t decided on the kind of vehicle you will be operating then this is the right time. Get a vehicle that is inexpensive. This will also lower your auto insurance rates.

Plus, consider increasing your deductibles. It would be better to get a deductible of $1000 instead of $500 because this could also lower your insurance rates.

Lastly, do NOT consider buying your own insurance policy yet. If you can be added under your parents insurance policy, the better. You would get lower insurance rates for that.