Car Insurance Rates for Teenagers - 5 Saving Tips

So you just turned driving age and your dad gave you the keys to your very first car. Now it's time to get some good insurance.

You should be aware that insurance rates are based on how likely you are "statistically" going to get in a wreck. For first time drivers, this can be a hassle. Unfortunately statistics aren't on your side. The risk of getting into an accident is nearly 4 times higher for first time drivers (16-19 year olds) than for older more experienced drivers.

Luckily there are things you and your parents can do to save money on insurance rates.

	Get on the same policy as your parents'. It' usually cheaper to get better car insurance rates when you're added to your parents' policy.
	Get good grades. Most insurance companies will offer a steep discount (sometimes as high as 25%) for students who can maintain a B average.
	Get experience. Graduated Driver Licensing makes teenagers log 50 hours with another experienced driver, however taking a formal training course will usually save you on premiums. Discounts up to 10% can be realized.
	Get an "insurance friendly" car. Insurance companies rate cars on their "safeness" accorind to many factors. These factors can include seatbelts, airbags, car worth, and engine type. Ask your agent what cars they deem "safe" to save you the most money.
	Shopping around! As with anything, it's best to shop around for the best deal. There is no one set price for insurance rates.

Using these guidelines you can keep your car insurance rates for your teenager at an acceptable level.