Whether or not the family budget can absorb the cost, you can still get lower car insurance premiums for teen drivers. Car insurance companies offer discounts and special programs to reduce the costs of insuring new drivers. The New York Internet and Insurance Point Reduction Program (IPIRP) is an online course that offers a mandatory 10% discount on insurance for three years. Direct sales of insurance to the consumer eliminate the cost of middlemen and allow Geico to have far fewer local offices and agents than companies like State Farm and Allstate.
For example, Geico offers a multi-vehicle discount for drivers who insure more than one car on their policy. Geico's 16 discounts for auto insurance customers range from student and military discounts to discounts for good drivers and cars with airbags. Insurance costs will also be affected by the type of car the teen driver has, driving history, state of residence, and other factors. To qualify for the Geico good driver discount, drivers must be accident free for five years, and this may even include the time you've been insured by another company.
Experts recommend looking for at least three quotes before adding a teen driver to your car insurance policy. Geico has some of the best base rates from major companies for insuring teen drivers, with discounts on multi-vehicle policies and other incentives that make car insurance more affordable. In addition, Geico auto insurance customers can get personalized quotes for other types of insurance through the Geico app. Progressive offers defensive driving courses and good discounts for students, but the most affordable car insurance rates are for teen drivers who participate in the Snapshot program.
The following auto insurance companies offer discounts for teen drivers and other programs, such as defensive driving courses, making them some of the cheapest car insurance options for teen drivers. Because your credit history is correlated with your likelihood of filing an insurance claim, Geico uses your credit data to calculate your premium in states where it's legal. Finally, if you're still struggling to pay for your Geico policy, you should consider switching to another insurer. Even if your car insurance company isn't listed above, you'll be entitled to a 10% discount for defensive driving if you meet your provider's requirements.