You may be wondering if it is possible to find cheap auto insurance with a teenage driver in your household. Handing over the car keys to your newly licensed teenage child is troubling enough. But it's nowhere near as troubling as the cost of auto insurance with a teenage driver on your policy. Auto insurance premiums dramatically increase when a teenage driver is added to the equation.

Cheap auto insurance is hard to come by when you have an inexperienced driver on your policy. Teenagers are considered high risk and are subject to higher rates than experienced adult drivers. Keep in mind, as you go cry yourself to sleep at night with visions of high car insurance bills dancing in your head, there are several ways to get cheap auto insurance - even with a teenage driver.

1. Educate your teen about the importance of maintaining a clean driving record. Many companies will reward your policy with discounts if your teenage driver is driving safely without any accidents or tickets for traffic violations. You are more likely to have cheap auto insurance, with lower premiums, if your young driver maintains a safe driving record for an extended period of time.

2. Make sure your child takes some kind of driver's education and copletes any company promoted safety programs. A few auto insurance providers will extend discounts to teenage drivers who provide them with a driver's ed certificate, watch safety DVD's, and complete company issued driver safety exams. It's never a bad idea to have your teenager take driving lessons. You'll feel more secure with their driving and you'll have a better chance at having cheap auto insurance.

3. Encourage your teenager to do well in school. Many auto insurance providers offer Good Student Discounts. Teenagers are eligible for discounts on their auto insurance premium if they maintain a grade point average of 3.0 or higher. Let them know that their grades and schoolwork play a pivotal role in maintaining cheap auto insurance.

4. Have your teenager listed as a driver on a well-built vehicle, loaded with safety features, with a strong safety rating. You won't have cheap auto insurance if your teenager is driving a sports car or a vehicle that is rated as a high risk.

5. Carry higher deductibles or no collision and comprehensive coverage at all. Higher deductibles keep your premiums low but will require you to pay a higher out-of-pocket amount if you are ever involved in an at-fault collision or your car needs glass replacement, is vandalized or involved in a hit and run. Also, one way to maintain cheap auto insurance is to drop collision and comprehensive coverage if your car is completely paid off, older and has a Kelley Blue Book value that is lower than what it would cost to carry those coverages each year.

So, to summarize, finding cheap auto insurance with a teenage driver can be a daunting task, but options do exist to help lessen the financial burden that comes with young drivers.