At St. Cloud Toyota, we know our location is just one of the car dealerships in MN that you have to choose from. That’s why we try to make our Waite Park, MN Toyota dealership stand out by providing trustworthy advice on topics related to automobiles that are relevant to our followers’ lives in our blog.
One subject that often seems to come up around this time of year, probably because students of all ages are returning to campuses throughout the state, is what happens when you add a teen driver to your car insurance policy. In general, adding a teenager to an auto insurance policy increases the cost of the insurance.
On average, adding a teen to a car insurance policy in the United States increases the annual premium by 78 percent. Adding a teenage boy to a policy increases the yearly premium by an average of 89 percent while adding a female teenager increases the premium by an average of 66 percent.
While you can’t do much to control how much a company charges for car insurance, there are some things you can do to keep your premium as low as possible. The first thing you can do is see if your insurance carrier will give you a discount if your child gets good grades in school. You should also ask your insurance company if you can get a discount if your teenager completes a driver’s education class. If it does, enroll you child in a driver’s education course.
Although it may not help to lower the cost of your car insurance in the short-term, the kind of vehicle your child drives may help to keep your insurance premium lower over time. Every year, the Insurance Institute for Highway Safety comes out with a list of safe, affordable automobiles for teenage drivers. When you look at this list, you’ll see that larger, heavier automobiles are generally considered the best choices for new drivers.
If you want to find a safe vehicle for your teen driver that has the potential to keep your insurance costs low over the long-term, visit our location to see our inventory of the latest Toyota cars. We’ll help you find a Toyota automobile for your young driver and we’ll help you secure the financing you need to take it home with you. Stop by St. Cloud Toyota today.