Younger drivers are deemed risky by insurance companies, and for a good reason. They are more likely to engage in risky driving behavior like talking on the phone or, even worse, texting while driving.

If you want to purchase stand-alone insurance for your teen, you must be ready to cough up more than $4000 per year. Alternatively, you can add them to your existing policy, resulting in a doubling of your premium rates. 

But some tips can help you save some dollars on your teen's insurance; here are a few.

Shop Around and Get Different Quotes for Car Insurance

You may have a great insurance provider that you have worked with for years. While their auto insurance premiums are a good deal for you, it does not mean that it will be the same case with a teen driver. 

Different insurance companies have different approaches to teen insurance, so you may want to shop around to see how other insurance companies compare. 

Shopping around for insurance can feel like too much, considering the countless offers you will find on the internet. 

An excellent place to find cheap car insurance online is using reliable comparison tools that do the hard work of eliminating unreliable providers so you can spot the most affordable yet reliable providers.

Help Your Teen Earn Good Grades

Good grades are a must if your teenage son or daughter hopes to join a good college and create a good life for themselves. But that is not all good grades at high school do; they can help your teen get a good deal in their car insurance. 

In most cases, insurance companies offer good grades discounts to students who have maintained a "B" average and are full-time students. 

But, not all insurers offer this discount, so you may want to check if your preferred provider offers it. Those that offer a good grade discount base their offer on the assumption that students with good grades are more responsible than their counterparts.

Enroll In a Safety Driving Course

A pre-licensing course will earn a teen a driving license but cannot help in lowering their car insurance premiums. Many insurance companies encourage teenage drivers to take extra driver education that focuses on safe driving by offering discounts to teenage drivers who take and complete the course. 

Although taking driving safety courses comes at a cost, they can earn you between five to 20 percent in teen driver's insurance premiums, resulting in substantial savings in the long run. 

Additionally, safe driving courses decrease the chances of your teen son or daughter being in an accident which may cost them more than just money.

Using Monitoring Devices

Insurance providers offer high premium rates for teen drivers because teens have poor driving habits that easily lead to accidents. But if your teen child can prove themselves as a good driver, they could have their rates reduced. 

Proving your teen good driving habits can be achieved by installing monitoring devices (telematics devices) on your teen's vehicle. You may need to talk to your insurance provider to know whether they have this option. 

Telematics devices track a driver's driving habits such as braking, driving speed, travel distance, how often you drive and whether you drive more in the day or night. 

Good driving habits like maintaining speeds of under 80mph, avoiding harsh braking unless necessary, and ensuring that they only drive during the day can help teen drivers earn discounts with monitoring devices. 

Final Words

Your options for saving some money on your teen's child's insurance premiums may be more than those listed above. But these ideas are guaranteed to give you the fastest results in your effort to get better rates.