Bensalem, PA -- (SBWIRE) -- 04/12/2019 -- As the premier providers of auto insurance for clients throughout the state of Pennsylvania, the experts at The Novick Agency are committed to getting drivers the coverage they need, affordably and efficiently. Now, the company is advising parents that their teen and college-aged drivers can have a significant impact on their insurance rates.
Because they're considered by many insurers to be risky and costly to insure, these young drivers can cause parents' insurance rates to increase dramatically. However, there are a few strategies that parents can consider to help mitigate the expense of insuring a young motorist.
For instance, in many cases, there are discounts available for students who maintain a "B" grade average or better. Rate reductions can also be awarded for youth drivers who take a defensive driver or driver's education class. Additionally, by increasing a deductible, it's possible to actually lower the premium paid. This can be a worthwhile strategy to pursue if a parent is looking to decrease their rates.
Another way that teen drivers can affect their parents' premiums is through the way they are classified. If they're considered the primary driver of a vehicle, the cost to insure them can be higher than if they're listed as an occasional driver. By sharing their vehicle with their young driver, parents can help keep premiums in check.
The type of vehicle that a teen driver operates can also impact insurance rates. Because they tend to encourage speeding and reckless driving, sports cars and SUVs can drive up auto insurance premiums. Instead, consider a midsize sedan which is generally safer and offers more protection, typically allowing for more affordable rates.
For more information on how teen drivers affect their parents' auto insurance rates, contact The Novick Agency at 267-447-8582 today.
About the Novick Agency
The Novick Agency is a family-owned and operated insurance coverage provider offering comprehensive policies for auto, home, business, life, and renters. The agency serves the entire state of Pennsylvania with affordable insurance options for today's wildly unpredictable world.
To learn more about the Novick Agency, give them a call at 267-447-8582, or visit them on the web at www.novickagency.com.