Six essential tips for keeping teens safe—affordably
As the parent or guardian of a young driver, you know it's essential to have good car insurance to protect them. Whether you're paying for it or they're working hard to foot the bill, it's a new expense for your family.
Fortunately, you can find cheap teen car insurance without breaking the bank. Here are the six ways to lower the cost of a young driver policy:
1. Learn about Good Student discounts
Students with higher grade point averages are usually more responsible and better drivers. If your young driver earns a B average or better at school, you may qualify for up to a 15% discount on car insurance with Nationwide.
2. Install anti-theft devices
You may save when you install an anti-theft device in the vehicle. Your possible discount varies based on the type of device installed and the state in which the vehicle is garaged.
3. Drive a car with air bags
You may be able to get a better deal on cheap teen auto insurance when you insure a vehicle with full front-seat airbags or restraint devices that work automatically when your door closes.
4. Take a defensive driving class
When your teen successfully completes an approved motor vehicle accident prevention course, you may get cheap car insurance for young drivers with this Nationwide discount.
5. Change your coverage
You may lower your rate and get cheaper car insurance by making some small changes. A higher auto insurance deductible on the vehicle may lower the rate, but you will have to pay more out-of-pocket expenses after an accident. If the vehicle is older or has very high mileage, consider removing collision and comprehensive coverage, which protects damage to your car. However, if you do this and have an at-fault accident, you will have to pay for your car's damages.
6. Keep your rates low for cheaper teen car insurance
Accidents happen to even the best young drivers. And if one does occur, insurance rates may rise as much as 30%. If you have Nationwide's Accident Forgiveness as part of your teen's cheap car insurance package, your rates will not increase following the first at-fault automobile accident.