Car insurance companies view new drivers as inexperienced drivers; therefore, new drivers usually have higher car insurance premiums than older drivers, who are considered more experienced drivers.
Even though new drivers are inexperienced drivers, their car insurance premiums do not have to break the bank. There are ways to save money, especially if the new driver has a family member with an existing car insurance policy.
Take the tips into consideration to save money with your new driver.
• Ask about “multi” discounts. Some car insurance companies offer discounts to policyholders who have multi-car policies, i.e., those that have more than one car on their car insurance policies. At the same time, some insurance companies will offer multi-line discounts, which means if the policyholder has both a car insurance policy and a home owner or life insurance policy with the same insurance company, they have “multiple lines” of insurance and may qualify for a discount. If the new driver is going to be on your, or another person’s, existing car insurance policy, the policyholder may be eligible for a multi-driver discount.
• Make sure he or she enrolls in a driver education course. Some high schools provide driver education courses. If your teen’s high school does not, enroll him or her in a driver education course offered by a private company. The driver education courses offered by private companies are also available for older drivers; therefore, they could help the new, older driver save money on car insurance.
• If your new driver is a teen, ask the car insurance company about Good Student discounts. Some car insurance companies offer discounts to teens who make good grades in school. It is a win/win situation!
• Military discounts are offered in some parts of America to active and even retired military personnel. If your new driver fits either one of those descriptions, ask the car insurance company about such a discount.