How to Lower Insurance Car Rates for a Teenage Boy

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Insuring a teen driver can raise insurance premiums by 99 percent, according to news website Insurance companies charge higher premiums to account for the higher risk of insuring more dangerous drivers. Teen drivers are considered more dangerous for good reason: The Insurance Institute for Highway Safety reports that 16-year-olds get into six times as many accidents as drivers between 30 and 59 years of age. And boys are more likely than girls to cause a crash. However, just because the odds are against you does not mean you have to pay a fortune in car insurance premiums.

Enroll in a driver's training course. These courses are taught in several states, and several auto insurance companies offer discounts for successful completion of a course. Some insurance companies may provide up to a 15-percent savings on insurance costs for completion of a course, reports personal finance website Bankrate.

Learn about safe driving techniques. Ask your parents or other experienced drivers to teach you the rules of the road so you can emulate their good driving habits.

Select a cost-efficient vehicle to drive, and avoid sports cars. While a flashy car may help impress your friends, you'll pay for it in the long run. Consider getting an older vehicle to save on insurance premiums, because such cars generally are cheaper to insure. You may be able to drop collision and comprehensive coverage on an older-model vehicle, which will save even more money. Getting a vehicle with the latest safety equipment can also lower your premiums.

Study hard. Getting good grades may get you as much as a 20-percent decrease in your premium, according to Bankrate, which is a bigger discount than you get for taking a driver's education class.

Inquire about possible reductions in premiums if you are classified on your parent's insurance policy as an "occasional" driver, rather than a primary one. Some insurance companies charge lower rates for so-called "secondary" drivers.

Set ground rules for yourself to avoid getting in trouble with the law or in an accident. Limit the kind and number of friends that you have in the vehicle when you are driving. More teens in a vehicle correlate with an increased risk of getting in an accident. Follow the speed limit and don't drink or do drugs when behind the wheel. While insuring male teen drivers is expensive, rates will only increase if you start racking up tickets and accidents.

Ask for a multi-policy discount. If you have other types of insurance policies or insure more than one vehicle, your insurer may give you a volume discount.

Use technology. Some insurance companies offer devices that drivers install in vehicles to monitor safe-driving practices. Using technology of this nature can save up to 30 percent on the premium, according to Bankrate.

Inform your carrier if you head off to college far away and won't have regular access to the vehicle. Some insurance companies offer discounts if teens live at least 100 miles away and won't be using the car most of the year.


  • You may get better rates on your own insurance policy with a clunker than signing under your parents' policy. Check around for rates.