How Can a Teen Driver Get Lower Auto Insurance Rates
Reader’s Question:
I am going to get my driver’s license here in Wisconsin very soon. I know I will be added to my dad’s policy since I am a licensed driver now. Is there any way I can soften the blow to the auto insurance premiums he’s going to be paying since I am a teen driver and the rates are much higher?
Harold
Milwaukee, WI
You are right. Your inclusion in your dad’s auto insurance policy will raise his auto insurance premium. When a teenager is added to somebody’s auto insurance policy, and I assume that’s what you are, that somebody’s risk factor is affected negatively. Teenagers are statistically known to be reckless and inexperienced–not a very good combination. Your willingness to minimize the effect of your inclusion to your dad’s auto insurance, however, is commendable and a good sign.
There may be some things a teenager can do to minimize this negative impact on your father’s auto insurance premium rate. Of course, you’ll have to check this with your father’s auto insurance company in Wisconsin. You may enroll in a driving school that is acknowledged by your dad’s auto insurance company. Usually, auto insurance companies extend discounts to those drivers with defensive driving backgrounds. Having good grades at school can also help your dad. I’m not talking about your dad’s peace of mind about your academic performance, but auto insurance recognizes the link between diligent students and good driving habits. They believe that students who do well in school, those maintaining a B average or higher, will be very responsible on the road.
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history – used by many carriers to determine payment risk
Although adding you to your dad’s insurance will raise the auto insurance premium, it is usually cheaper than having your own auto insurance coverage. And you can tell your dad that.
Young Driver Automobile Insurance in Minnesota
Reader’s Question:
Is it possible for me to get my own car insurance policy in Minnesota? I am a 18 year old beginner driver, and I finally got my own car…..yahoo!!
Richard
Minnetonka, MN
You should be able to get your own car insurance policy at age of 20 if you are a fully licensed driver. Your vehicle insurance rates will probably be expensive as a young driver. However you would be able to place auto insurance on your car if you are fully licensed.
If you do not have your own car, then you may obtain a non-owners vehicle insurance policy. Basically this is a liability coverages that could be used when renting a vehicle.
If you are still residing at home with your parents normally it will be cheaper to stay on their auto insurance coverage until you move out. Some parents though would want their children to have their own car insurance policy once the child has bought a vehicle which they do not want to place on their car insurance policy.
At the age 20, as an adult, you can have your own auto insurance policy. Normally you would have to have a parent or legal guardian sign on your insurance document if you are under eighteen years old since teens cannot enter into contracts.
Loading ...