When a teenager turns 16, one of the first things on his mind is getting his drivers license and getting a car.
Unfortunately, most teenager drivers do not understand the financial responsibilities that go with owning a car.
First is the cost of the car, then the upkeep and maintenance.
Then you have to put fuel in eh vehicle.
And then, you have to consider insurance.
If a teenager has to make all of these payments themselves, they may not be able to afford a vehicle, much less a new one.
So, moms and dads help out and pay some or all of the costs incurred.
For many teenage drivers, the cost of car insurance is extremely high, almost to the point of not being affordable.
But there are several steps you can take to reduce the cost of teenage car insurance.
Shop around.
Check out the rates offered by several different insurance companies.
Some companies may offer lower rates for your teens.
Get good grades.
Yes, your grade point can make a difference in your insurance rates.
Buy an older car.
Even though that older clunky sedan is not as cool as the new sports car, the insurance will be a lot less; you can spend this on gas and pizza.
Also, if the car is old enough, it probably does not need full coverage insurance.
This can reduce your rates as well.
Attend a driver education class.
This will lower insurance rates as well as making your teen a safer driver.
Make sure your teenager is a safe driver.
Speeding tickets and accidents really cause the insurance rates to skyrocket.
And a DUI may make you teenage driver uninsurable.
Set a curfew.
If your teenager is at home, he cannot be out getting into an accident.
Some of these suggestions may not be popular with your teenage driver, but they can drastically lower your insurance rates to the point you can actually afford it.