You were already in need of a tranquilizer after finding out that your teen passed their driving test. Find out how to get cheap teen car insurance before you go into cardiac arrest.

Admit it, you were secretly hoping they’d fail their driver’s exam so you could put off nightmares of seeing them behind the wheel... and now the pot of worries comes with a side of budget breaking insurance premiums?!?

No need for a Xanax – I’m here to help. Having a teen added to your policy will undoubtedly increase your premium – but it doesn’t have to wreck your wallet.

Getting Cheap Teen’s Car Insurance Can be as Easy as 1-2-3.

1. Good Student Discount

Good grades don’t just help your kid get into college and score you “My child made the honor roll” bumper stickers. If your teen has a B average or above (3.0 GPA) it will likely get you a nice 10-25% discount.

Quick Tip: You can use this as leverage to get your teen to keep up the good work at school. Tell them that if they dip below that B average, their driving privileges will be taken away!

2. Put Them on Your Policy

You might think that getting your teen their own policy is a way of saving on your premium and lowering your liability should they get in big trouble – unfortunately, that is wrong on both counts:

• Adding your teen to your policy as an additional driver will be a better deal, especially if you keep your other insurance policies with the same company. Your teen will benefit from all of the discounts applied to you.
• As long as your teen is underage and living under you roof – you are still liable. Getting them their own policy will not keep an injured party from suing you.

3. Double your Deductible

A surefire way to cut the cost of teen car insurance is to add to your deductible.

Going from a $250 to $500 or $1,000 deductible can save you 10 percent to 20 percent according to the IIABA. Just be sure that you’ll be able to cover that deductible if they have a fender bender.

One More for the Road…

Be sure to shop around for cheap teens car insurance! Get at least three quotes before adding your teen driver to your existing policy. Different companies will charge you different rates for adding the new driver, and your existing policy may not offer you the best deal.