Young and new drivers are often left to bear the brunt of higher insurance prices and fewer policy and coverage options. The insurance industry is founded on the basis of robust actuarial tables and probability calculations -- all in an effort to minimize risk and maximize profits. Given the shorter driving history and track record, not to mention lack of experience and maturity, often tend to raise the prices of young drivers insurance. Sometimes, the cost could be almost two to three-times that of mature adults.

It is not surprising that auto insurance companies charge much more to provide young drivers insurance, at times much more than what they would charge to insure adult drivers.

To facilitate the effort, we have compiled a few tips that will help reduce the cost of young drivers insurance:

• Educate young drivers to improve their driving record. Young drivers, due to lesser experience, may tend to be less careful about the law. Educate them about the importance of respecting and adhering to the law and following rules diligently. This will not only improve her or his driving record, but will, consequentially, lower the cost of young drivers auto insurance.
• Serve as a role model. Emulation is very easy for young drivers. Establish a good example by following safe driving practices. When they observe responsible adults driving responsibly, they in turn will be motivated to follow suit.
• Provide training. Younger drivers may not have the resources to participate in, and benefit from, defensive driving and other safe driving training programs. As a parent or adult, the onus is on you to empower them with appropriate tools, resources, and training programs. This one step will result in measurable rewards in the form of lower-priced young drivers insurance.
• Go easy on intoxicants. Part of the responsibility education may involve educating your young driver on the importance of refraining from alcohol and other intoxicants, especially before driving. This will dramatically reduce the chances of an accident and thus lower the price of young drivers auto insurance.
• Combine policies. Depending on your insurance company's policies, you may be able to add your young driver to your insurance policy and reap significant discounts, while also allowing for the young driver to obtain coverage at reduced prices.
• Observe them. Encourage your teen driver to drive under your supervision. This will allow you to observe their driving habits and provide valuable tips you may have acquired from years of driving experience. This will not only shorten their learning curve, but also boost their confidence in many ways.

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