#car insurance nj
Car insurance rates for teens costly in New Jersey
It’s not cheap to insure teen drivers in New Jersey.
New Jersey is the second most expensive state’s in the nation to insure teen drivers, according to Insurance.com’s Ratewatch report, released earlier this month.
The average rate to insure Jersey teens — $6,200 — is second only to Louisiana, where it costs $7,900. According to Insurance.com, adding a teen driver to an existing policy can increase the annual rate an average of $2,171 a year.
Here are some tips to cut costs:
** Take advantage of the “good student” discount, if you can. That can take as much as 10 percent to 15 percent off the price of your car insurance policy.
** Help your child learn how to drive. Don’t just rely on driving school. No matter what your state legally requires, the more time you spend in the car teaching your teenager to drive, the better.
** Set a curfew. Statistics show that teenage driving deaths rise dramatically from 9 p.m. to 6 a.m.
** Don’t let your teenager drive a small, old car. Older, compact cars are a risky proposition. If it’s not a safe car, you won’t qualify for safety discounts.
** Shop around. Compare insurance company rates before you make a decision. The difference between the highest quote for adding a teen and the lowest quote can be more than $2,000 a year.