Finding Affordable Insurance for Teens

Finding Affordable Insurance for Teens

Buying car insurance for your teen can be quite expensive, but it doesn’t have to be when you follow these helpful hints. 

Children grow up fast, don’t they? It seems like just yesterday you were pushing them on a stroller and now they want to take the car to the movies and their friend’s house. If they’re driving, this means that they need to be insured. And if you’ve ever shopped for insurance for a teen, you know that it can be extremely expensive. It’s expensive because teenagers pose a giant risk for insurance companies to insure. Drivers that are aged 16 to 19 are three times as likely to be involved in a fatal car accident. To avoid paying through the roof to insure your child, follow these helpful tips on how you can find affordable insurance for teens.

One Combined Policy

This is Plan A for most families with teens. Instead of purchasing an individual insurance policy for your teenager, they can simply be absorbed into your policy. This could save families an annual average of $3,053. Teenage drivers under their parents’ policy also get the benefits that would otherwise take them many years of safe driving to earn.

Good Grades Are Rewarded

Students that average a B or better in school are 33 percent less likely to be involved in an accident within their first year of driving than those with lower grades. Good student discounts can range from 10 to 25 percent, depending on your state and insurance carrier.

Driving Courses

Insurance companies love to see that you’re actively trying to become a better driver. Taking a training course is a great way for you to show them you’re doing so and as a reward for this safety course, they may give you further discounts.

Contact Risk Management LLC in Brookfield, Wisconsin for all of your auto insurance needs.

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
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