Your son or daughter has just gotten his/her license.  What now?   As many parents know, as soon as their children start driving, they must be added to the parents' policy.  This cause a big increase in the premium.  There are several reasons why insurance for young drivers is so high.

Young drivers lack driving experience.  You will need to have at the least three years of driving experience to be quoted a lower rate.  For some companies, it is five years.

Drivers under the age of 25 the rate will mostly likely be fairly high.  This age bracket is statistically "responsible" for a good amount of accidents.   A young driver feels a sense of independence when they begin to drive.  It is important as a parent to encourage your young driver to have confidence when driving to avoid any fear they might have on the road, to prevent any accidents.  Normally a single male driver will have higher rates than his female counterpart.  This is because males are rated as a higher risk to insurance companies.

At their age, any accident, ticket or a suspension may double or triple an auto insurance premium. As adults, when we have any infraction on our driving record it increases our premium, only to a lesser extent.  Paying for their premiums may help young drivers learn the importance of taking care of what they have and what it means to have special privileges, such as driving a car.  Encouraging the idea that privileges come with their responsibilities will help a young driver understand the importance of exercising caution on the road.  Also illustrate the importance of obeying laws and having insurance, and how to carry the proper types of coverage on the car.

The most important thing is to instill in our young drivers is the importance of keeping their motor vehicle record clean so they are not paying heavy premiums.  Teach them to drive safely, not only for them, but for everyone else on the road as well.  Awareness of what other drivers are doing is key in teaching defensive driving to children.  We must encourage them to keep their eyes on the road and not to get distracted by anything else, especially cell phones.

Disclaimer: This article is for information purposes. It should not be interpreted as a recommendation to buy or sell any insurance product, or to provide financial or legal advice. This information is provided for information purposes only.