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Your Child’s Grades Can Affect Your Car Insurance Rates and 5 Other Ways You Didn’t Know Your Teen Driver Can Impact Your Policy

Did you know that young drivers actually make up 13% of the total population of licensed drivers in the United States? Unfortunately for many parents, these new motorists are viewed by many insurers as some of the most costly and risky drivers to insure. While car insurance for both teenagers and college students can be remarkably expensive, there are opportunities for parents to save if they know where and how to look.

At The Novick Agency, we’re dedicated to providing our clients and their families with the automobile coverage they need to be safeguarded behind the wheel, all without hurting their wallet. Let’s take a look at some of the ways you probably didn’t know your teen or college-aged driver can affect your auto insurance policy, and how you can reduce the costs.

Easy as A, B, B+

As we mentioned, your child’s grades can have an impact on your premiums. In fact, many insurers offer discounts for students who get good grades. Typically, students with a “B” or higher grade average are eligible for this discount. A reduced insurance rate can also be offered if the child has completed a driver’s education or defensive driving course.

Raise Up to Go Lower

By increasing your deductible, it’s possible that you could get a lower premium. Ask an auto insurance specialist from The Novick Agency how much you could save by raising your deductible. But remember, if you file a claim after your deductible is increased, you’ll pay a larger share of the expenses.

Share the Road, and the Vehicles Too

The amount you pay for your auto insurance premiums can be affected by the way you classify your new driver. If they’re the primary driver, it can cost you more than if they’re considered an occasional motorist, so think about sharing your vehicles with them.  

Spurn the Sports Cars

Because they can impact your teen driver’s safety and the safety of those surrounding them on the road, the type of car they drive can affect your auto insurance rates. Just say no to SUVs and sports cars—they can encourage speeding and recklessness, and can even be difficult to maneuver. Many experts agree that midsize sedans offer the best protection for teen drivers.

Practice Makes Perfect

Your young driver needs to be prepared for navigating through inclement weather and other complicated and challenging scenarios. Now is the time to get them some practice behind the wheel in these varied conditions, like snow, ice, rain, and nighttime driving, so they won’t be scared or surprised when they’re alone in the vehicle and facing these types of circumstances. This helps to avoid accidents and keep your rates at a minimum.

Get Involved

According to research, teens with parents who are more involved in their driving receive fewer tickets and engage in less risky driving. By preventing these tickets and avoiding crashes, it can help keep insurance rates down. A parent-teen driving agreement can help you set rules and stay involved in your child’s driving habits, helping to ensure their and other motorists’ safety.

For more information on how your teen driver impacts your auto insurance rates and what you can do about it, call the experts at The Novick Agency today at 267-447-8582!

Andrea V.

So far it has been great. We have had help with damage done to our home which was handled pretty quickly. And, Soon our daughter will be driving so we will see how her Insurance rates will be. We have heard from other customers in NY that have sons and were quoted less on their coverage. But,we will look closer into it as time gets near.

Kevin J.

Very pleased with the way my claim was handled!! Quick, friendly and no hassles.

Lisa D.

Everyone that I spoke with in the office was always very helpful and pleasant.I would recommend your agency to anyone who needs insurance. Thank you also for saving me so much money on our car and home insurance.

Hassan S.

I appreciate the help that Mr. Adam gave to me when he took me step by step through the journey of the insurance. I always remember his fruitful discussion and the valuable information he gave to me, which helped me choose. Now After almost 6 months, I found myself feeling the value of his customer service.

Margaret L.

Love dealing with this agency, great people, incredible service, and very knowledgeable!!