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“Teens are the riskiest and most expensive to insure, and the costs vary widely from state to state,” says Laura Adams, senior insurance analyst for InsuranceQuotes.com. So much so that parents tacking teens onto their auto policies will feel the sting of an annual premium price hike of 84%, or roughly $2,000, on average.

“Consumers should shop their policies at least once a year, especially when a teen driver is involved,” Adams says. “The premium is going to decrease as the teen ages, and you want to make sure that information and the profile of your teen are up to date.”

What teen drivers and their parents can do to score discounted insurance rates:

  • Keep a clean record. If your teen stays clear of moving violations and at-fault accidents for a three-year period, the premium could be reduced by as much as 10%.

  • Take a defensive driving course. You can shave 5% to 10% off policy costs by having your teen go through an advanced driving course — which may or may not be included in the typical high school driver’s ed instruction.

  • Be a good student. This applies to drivers 16- to 24-years-old who are in high school or college. You must give your insurance company some proof that your child has a B-or-above average, or is on the honor roll or dean’s list, for a premium reduction of up to 25%.

  • Drive older, less luxurious cars. Premiums will be lower if your teen is driving an older large or midsize family sedan. They’re safer cars and shouldn’t cost as much to repair. You might also want to consider dropping collision coverage on an older car, but hold on to liability insurance.

Read More: Source

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