Mercury Insurance Shares Guidance for Parents of First-Time Drivers
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Practical Tips to Keep Young Drivers Safe and Insurance Costs Manageable
Mercury Insurance knows that a teen's first license brings excitement — and higher insurance costs. Factors like age, driving distance and the type of vehicle all influence rates. In honor of National Traffic Awareness Month, Mercury is sharing tips to help parents of first-time drivers keep premiums as low as possible.
"National Traffic Awareness Month is an important reminder of how vital safe driving and proper preparation are — especially for teens getting behind the wheel for the first time," said
According to The Zebra's State of Auto Insurance report, the national average for auto insurance policy premiums for those aged 16-19 is
Some tips to lower your auto insurance rates with young new drivers include:
- Bundle multiple insurance policies – Bundling your auto insurance policy along with your homeowners or umbrella policy can help keep costs down. Always be sure to ask for this discount.
- Shop around – This may seem like a no-brainer, but taking the time to shop around for auto insurance quotes can save you a reasonable sum of money.
- Increase your deductible – Raising your deductible will lower the cost of your monthly premium. It is important to make sure that the deductible is within your budget should you need to file a claim.
- Buy your teen a clunker – Most first-time drivers do not need a newer, expensive car to drive. Buying a reliable, older car as your teen is gaining experience makes good sense.
- Check for student discounts (good grades) – It should be noted that many insurance companies offer discounts for students who maintain a B average or higher. These discounts are often 10% to 25% and apply to full-time students under 25.
Taking the time to ask key questions and compare prices can help new drivers save money and stay within budget.
About Mercury Insurance
Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier predominantly offering personal auto, homeowners, renters and commercial insurance through a network of independent agents in
Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultra-competitive rates with excellent customer service, through more than 4,200 employees and a network of more than 6,340 independent agents in 11 states. Mercury has earned an "A" rating from A.M. Best, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com. For more information visit www.MercuryInsurance.com or follow the company on X, Instagram or Facebook.
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SOURCE Mercury Insurance
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