It is always very stressful for parents when their teenager gets his or her first car. Not only it is yet another risk for the life, but it also adds up to expenses. Of course the gas bill will go up with a new driver in the family, but the biggest expense here is insurance. Insuring teenage drivers is quite a costly thing, because drivers younger than 25 are probably the most expensive group of car owners for the insurance companies. Why is that? What is the cause of such a discrimination? Well, there are some facts supporting the stereotype that younger drivers tend to be careless and much more risky than their older peers. And though there are always exceptions, teenage car owners are three times more likely to end up in serious and even fatal car accidents compared to drivers over the age of 25. And this amount of risk, of course is taken in consideration by car insurance companies when setting a price for a teenage driver.

If this doesn’t sound discriminating enough there’s more! The price of the final auto insurance policy may also vary depending on the sex of the teenage driver. Yes, it’s true. And those families who have teenage sons grabbing the wheel should expect their car insurance rates to triple. While those who have teenage girls can expect a two-times increase in their premiums. This, of course, sound pretty unfair, but the statistics show that young males tend to be much more aggressive and risky drivers than young females, thus the difference in insurance rates. And it is like that for long time now.

However, there are some tips the parents can follow in order to reduce the car insurance premiums with their teenage drivers. And the first tip is enrolling your son or daughter into a driving school instead of teaching them how to drive on their own. Not only will this make a better driver out of your child, but will also allow you to opt for discounts as some insurance companies have special offers for teenagers who have passed through driving schools or courses.

Another tip on reducing the premium is buying a second car for your teenager. Instead of giving your expensive SUV to your inexperienced son or daughter and including him or her to the policy (which will result in an increase in rates), buy a second cheaper car with a limited amount of coverage. In case your primary car has full-coverage type of insurance, the second car can easily go only with liability insurance regardless of your state’s requirements. You will see that this option will help you save some extra money. And when buying the second car you might want to go with a cheap and safe model that will be inexpensive to repair and easy to operate. Don’t rush with BMW – it will cost you a lot to insure, especially with a teenage driver.

The final tip is, of course, shopping around. With so many companies out there offering their services you should get as many quotes you can in order to compare the deals. The Internet is a great place to check for auto insurance quotes. And sometimes you can run into a great teenage auto insurance deal that will save you a lot of money!