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A teenage driver should take a slightly different approach than middle aged drivers when looking for affordable auto insurance because teenagers are considered to be a higher risk than elders who have more driving experience; therefore, it is important to learn the methods of finding rates which fall into a teen's low budget.

Here is how to find car insurance teens can afford:

In order to find low auto insurance for teenagers one must first understand how the premium rating system works. Insurers adjust their rates based on their profits and losses; therefore, companies who are profitable in the teen driver category will offer lower rates as a way to attract new customers.

How do you find the carrier who wants to attract teen drivers by offering low rates? Simple, by comparing quotes! The bottom line is that the insurer who is cheaper compared to others, is asking for your business by offering affordable prices.

Instead of getting quotes one-by-one, utilize the services of sites like OnlineAutoInsurance.com which make the auto insurance comparison easier and much faster by allowing a driver to enter their information only once to get back instant quotes from multiple insurers at the same time. This way quotes can be compared instantly and affordable prices will stand out like a sore thumb.

Adding teenagers to parents policy vs. having them buy their own:

Parents often ask "Should I add my teen child to my policy or have them buy their own?" and the answer to that is "it depends on your circumstances".

Take the following actions to help determine what would be the best bet:

1. Get a quotation for adding the teen from your current company and compare the quotes to other companies as mentioned above in order to weigh out the price difference.
2. Caution: If the teenager is added to the parent's policy, the premium for all vehicles will have to be paid together; therefore, if the teen comes up short on their share, a partial payment will not be acceptable.
3. Keep in mind that adding a teen to a policy may cause ALL vehicle's rates to increase, even though they do not drive them although some companies do let you assign drivers to vehicles.
4. The benefit to adding a child to the policy is that they may be able to driver any other vehicle on the policy; vise versa, if a separate policy is purchased, they may not be covered on other household vehicles.

Courtesy of OnlineAutoInsurance.com