If you’ve started shopping for young drivers insurance then you know how expensive it can be. And insurance companies have a good reason for this, whether we like it or not.

Their experience has shown that kids just starting to drive cause a greater number of accidents than more experienced and mature drivers. This is common sense too. If I compare how I used to drive when I was just starting out with how I drive today, several years later, there is a world of difference. For the better, of course!

And if you have a son then be prepared to pay even more. Unfortunately boys are considered higher risk drivers than girls.

Having said that, there are ways you can drastically reduce the cost of the vehicle insurance policy for your young driver. Here are 5 small ways to save you some big bucks.

1. Add Her To Your Policy

You might have been thinking about getting your daughter her own policy. However, what you might not be aware of is that some insurance companies offer discounts when you add an additional driver to your own policy. This is especially true if you have a clean driving record. So before you plunk down your hard earned cash be sure to get quotes for either case – a standalone policy as well as adding your young driver to your own policy.

2. Does She Get Good Grades?

Insurance companies believe that kids that get good grades are more responsible and as such are lower risk drivers. Whether this is true or not is debatable but why fight it when you can use it to your advantage? If your kid maintains at least a B average you might be able to get some brownie points and reduce the cost of young drivers insurance.

3. Have Her Complete Drivers Education

While having your young driver complete a driver’s education class is an excellent idea by itself, it is also a great way to save some money when it comes to insure her. Be sure to have some proof like a certificate of completion and don’t forget to inquire about a driver’s education discount before purchasing a policy.

4. Is She An Occasional Driver?

If your teen is not going to be driving regularly be sure to list her as an occasional driver. Again the rationale is that an infrequent driver is also less likely to cause an accident. You might be able to get a lower rate with this point so make sure to bring it up with your insurance agent.

5. Get Multiple Quotes

This goes without saying but always, always, always get multiple quotes before you go ahead with purchasing a young drivers insurance policy. This may seem like a lot of work but nowadays you can get several quotes by just filling out one online application. And the money you’ll save will be well worth the extra effort.

These are some ideas to help you save money when purchasing young drivers insurance. The key is to shop around, get multiple quotes and inquire about all the discounts that a particular carrier might be offering. These discounts vary from one insurance carrier to the next but they can add up to a substantial savings in premium, so it pays to do your due diligence before buying a policy.

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