How to Save Money on Auto Insurance with Teenagers
Your teenager is busting at the seams to get their license and drive your car, but what now? With all the other worries on your mind, you now have to figure out how to save money on your auto insurance because you know that when your teenager gets their driver license your premiums are going to go up as well as your stress level. Before going into extreme over load or full panic mode, stop! Look at your options. Where can you start?
Make the Child Wait
This is easier said than done, but it is worth it in the long run. By making the child wait, you will be accomplishing two things; you will have more time to drill into your child’s brain that cars are big and capable of having a lot of power. Teenagers are more likely to have an auto accident at 16 than at 18 . Premiums may be better at 18 years old than 16. Driving courses may help lower the premium for your child as well. If your child already has their license, consider excluding him or her from your policy. Check with your insurance agent. By doing that you will be accomplishing a few things that are not only beneficial to you but to your child as well.
Driving Courses
Some companies offer discounts for drivers who have completed an approved training course. It will especially help with your child and folks over 55. Not only are these courses helpful for insurance discounts, although it might be a small discount, but it will help the 16 year old learn how to drive a little more responsibly.
Before You Buy a Car, Compare Insurance Costs
Buying a new vehicle can cost more in insurance or the purchaser may break even. Most insurance companies will offer discount auto insurance quotes for anti-theft devices, safety features and over all repair costs. If the purchaser pays for the vehicle up front, that will help eliminate the need for full-coverage on a financed auto. So if your licensed teen wants a car of their own, or it would be more beneficial in helping to keep mileage down, a good used vehicle with a great safety record and a low sale price may be what’s in order. For extra help when considering which car to buy, check with the Insurance Institute for Highway Safety; they’re a non-profit organization dedicated to reducing everyday accidents.