Teen Car Insurance in New York – Can I Afford It?
Reader’s Question:
I’m a parent worried about how much I’m going to pay for my newly licensed teen. How can I be able to save money on my daughter’s insurance here in New York?
Belle
Buffalo, NY
Saving money on teen car insurance in New York may not be so easy. You are not alone as thousands upon thousands of parents go through this every year. The high premiums of teen drivers can be well over a thousand dollars and it is sometimes hard to drive those premiums down.
Even if you can’t lower your car insurance premiums, you can prevent them from going up by making sure your young driver is really ready to drive. If they have no accidents in the “sensitive” period between the ages of 16 and 21, the premiums you pay will go down year after year.
You can make your daughter a better driver by setting a good example and being a responsible driver yourself. If all else fails, there are some tips that can slash a bit of the high premiums of teenage car insurance policies.
First is that you have to avoid buying your new driver a large SUV or a sports car as the premiums on these vehicles are very high due to their large size and high top speeds. Then ask for your teen to pay for some of the fees. Your daughter will most likely not be able to pay all of the costs but she can help. You also have to help your student get good grades as students with a 3.0 GPA actually get discounts, up to 10 percent in some cases.
You have to follow these guidelines and you would save a little bit of money. Paying for your daughter’s car insurance is one of the many expenses that a lot of parents dread but have no fear because once they turn 21 the premiums drop considerably.
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