Keep Auto Insurance Costs for 16 Year Olds Manageable

    RANCHO CUCAMONGA, CA, June 18, 2010 /24-7PressRelease/ -- For sixteen year olds, getting a driver's license can be an exciting time; for parents, not so much. This is because of the high cost of auto insurance for these young drivers and although a parent may dread the new expense, automobile coverage will be necessary if the teen is intending on operating a vehicle. Fortunately, there are a few ways to keep the cost somewhat manageable.

The premiums charged by insurers are based on the risk that a driver poses while behind the wheel and unfortunately teenagers are statistically shown to be much more likely to be involved in a traffic accident; therefore car insurance for 16 year olds can get a bit expensive. Drivers in their teens are four times more likely to be involved in a traffic accident and a 16 year old is three times more likely than those between the ages of 17 and 19.

Keeping teenage auto insurance rates affordable is best achieved with comparison shopping; each company views teens differently and while some may not be willing to insure them at a reasonable price, shopping around is the only way to get the best rate. Consumers will be surprised how much a premium can vary from one carrier to the next; studies show premiums can differ up to 200% for the same coverage.

Be sure to take advantage of any discounts which can drop rates quite a bit. Most parents already encourage their children to get good grades, but this will not only help their academic future it can also provide a good student discount; maintaining a "B" average or higher may lead to reduced premiums. Consumers should also visit government websites such as the Utah Insurance Department for some more common discounts and savings tips;

http://www.insurance.utah.gov/auto/teendriver.html

Consumers can also visit http://www.onlineautoinsurance.com/teenagers/ for helpful shopping tips and also obtain free rate quote comparisons to help locate the cheapest company for their 16 year old.

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