Car insurance for teens is far away. Some of the insurance discounts available from Missouri companies include multi-policy discounts and no-claim discounts.
Cheap carinsurance for your teen is fine, as long as it offers full coverage for all of their needs. MetLife is the most expensive company for an exclusive state minimum liability policy, while Progressive has the highest rate of full coverage insurance in Missouri.
Some insurance companies will offer discounts if the teen driver keeps the learner's permit for longer to have more driving experience with an adult in the presence of an adult. Whether it's due to speeding, an accident, reckless driving, or distracted driving, you'll see an increase in insurance rates. Insuring newly licensed drivers is expensive, says Carole Walker, executive director of the Rocky Mountain Insurance Information Association. When it comes to car insurance for young drivers, most parents go for the cheaper approach of adding a teen to their policy.
Adding a teen to an existing car insurance policy can be significantly cheaper than having a teen get their own policy. A car with safety features will qualify for more discounts, reducing overall insurance costs. All insurance companies offer some type of discount to their drivers, but not all of them offer the same discounts. Younger teens tend to pay more for car insurance coverage, and 16-year-olds pay an average of 85% more than 19-year-olds.
Taking advantage of discounts, reducing the amount of coverage and changing the deductible amounts are other easy ways to get cheaper car insurance for teens. When you add your 16-year-old child to your car insurance policy, your rates will definitely increase. In Missouri, the factors that have the biggest impact on car insurance costs are your age and your credit score. In some cases, the best option is to add the teen as an additional driver to the existing insurance policy.
If your teen needs to buy their own policy, you should compare the quotes of at least three different insurers to find the best deal.