Car Insurance For Teens-Helpful Hints
Drivers under the age of 25 are more likely to be involved in an accident, it's a statistical fact . Most insurance companies raise rates dramatically for younger drivers due to the higher risk . Adding your teenager to your car insurance policy can be costly but insurance is essential and required by law for your teen to drive.
Although paying higher premiums for teens is inevitable there are some things you can do to minimize the damage.
Here are a few tips to help you save
Shop around for the best policy and discounts. Doing this online can save you a lot of time .
Many insurance companies offer discounts for students attending high school or college full time and maintaining a 3.0 or higher GPA. Offer the privilege of driving as an incentive to keep their grades up. Some insurer's also offer discounts for taking an accredited driver safety course.
Make sure they keep a clean driving record. Many states offer to remove points from a drivers record if they attend a drivers safety course within a specified period of time after the infraction.
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Get them involved in the community . Young people who join certain civic or community organizations such as Eagle Scouts or Girl Scouts may receive discounts from their insurance providers.
Features such as air bags, anti lock brakes, anti theft devices, etc may qualify you for additional discounts. Make your insurance company aware of any safety features your car has.
Although this may not be a popular idea to your teen, having them drive an older car that doesn't have a lien can save a lot of cash. When banks finance a car they require the owner to carry full coverage on the vehicle. If the car is paid for ,liability insurance is all most states require. The difference in premiums can be night and day. Check with your agent and weigh your options.
Some cars are cheaper to insure than others. Before purchasing find out how much the vehicle will be to insure.
By shopping for the best quote and asking about available discounts you can take some of the sting out of higher rates for teens and control the damage. Making sure your child has a mature attitude about driving and keeping a clean record , will go along way toward keeping costs down and them safe.