Practicing safe driving habits and avoiding traffic violations can help you qualify for lower insurance rates from Geico in the long term. You can also attend traffic school to remove a violation or points from your record, depending on your state. Geico even offers a maximum discount of 15% to drivers who take an approved defensive driving course. Most programs offer a 10 percent discount on the price of a standard policy when you sign up and reward good driving with additional discounts.
Several states limit the initial discount to 5 percent or less. For example, drivers can get a discount of up to 15% if they insure a car that is three years old or younger. Teenage drivers tend to pay more for car insurance than older drivers because insurers consider them to be high-risk. Considering how expensive car insurance is for young drivers, your teen could save on their premium by limiting the amount of coverage included in their policy.
Expensive cars, sports cars and cars with high theft rates are considered to be riskier to insure than cheaper and more practical vehicles. High-performance car owners can silence the penalty that comes with insuring an ultra-powerful car if they drive with a foot as light as a feather. The best way to reduce car insurance for teens is to seek quotes from at least three different providers, especially if your teen has their own policy. Other notable ways to lower the cost of car insurance for teens include reducing your teen's coverage and getting multiple quotes.
Because your credit history is correlated with your likelihood of filing an insurance claim, Geico uses your credit data to calculate your premium in states where it's legal. You can reduce your Geico car insurance costs by taking advantage of Geico discounts, opting for a higher deductible and reducing your coverage, among other things. It may also be cheaper to buy your own policy if you go to school in an area with lower car insurance rates or if one of your family members has a poor driving record, which increases premium costs. Most major insurers offer several discounts designed to help reduce the cost of insuring a teen driver.
Finally, if you're still struggling to pay for your Geico policy, you should consider switching to another insurer. As a result, simply comparing prices could save a teen driver hundreds of dollars a year on car insurance. College students may also qualify for general discounts on car insurance, such as discounts for driver education students and discounts for accredited drivers. This law requires insurance companies to offer a 10% discount on liability and collision insurance for cars or motorcycles if you complete an accident prevention course approved by the New York State Department of Motor Vehicles.