Auto insurance rates for teenage drivers are quite pricey. Luckily, whether you are a teenager who hasn't driven or insured a car before or the mother or father of a teenage driver, there are actions you can take to cut costs. Here are several of them.
Suggestions for teens
To make sure that your parents do not pay too much for your car insurance, one thing you could do is to get and maintain good grades. One discount given by insurance firms is good student discounts. It is because insurance companies generally assume that good students are responsible drivers and are thus have a reduced likelihood of making a claim. Eligibility requirements may vary so you must ask your insurance company about this discount feature. In most cases, you should be between 16 to 24 years old to qualify and you must be a full-time high school or college student. You also have to have a minimum B average. You will likely be asked to give evidence of academic achievement, for instance a current grade card. If you are homeschooled, you may provide the results from a standardized test just like the PSAT. Good student discounts can reduce a significant amount from insurance premiums. Although the amount you can save from such discount differs from one insurer to another, there are some insurers who can offer you around $300 discount annually. To know more about how to have cheaper auto insurance, go to this website.
Complete driver’s education course - This is among the top money savers on auto insurance for teenagers. Some jurisdictions require driver’s ed, others don’t. If your state doesn't require you to take this course prior to getting a license, you are encouraged to attend such.
Don’t request for a sports car - Fancy sports cars are definitely ogle-worthy but they are also more expensive to insure. You could upgrade to a more sophisticated vehicle when you're older and can afford to pay for your own insurance but while you are still financially dependent, select a more practical ride.
Suggestions for moms and dads
Look at multiple vehicle vehicle insurance - Adding another vehicle to your policy will make you eligible for a discount. In addition, you can make the most out of multi-policy discounts. You will usually get a discount if you get auto insurance and home insurance if you obtain them from the same insurer. You may get yet another discount if you include an umbrella policy, which offers extra liability coverage beyond your car insurance limits. Visit here to discover more about lower car insurance rates.
Double your deductible - This is a surefire way of lowering your premiums. Consider doubling your deductible to reduce your premiums. Make certain though that you can afford to pay the higher deductible in the event of an accident.
Suggestions for teens
To make sure that your parents do not pay too much for your car insurance, one thing you could do is to get and maintain good grades. One discount given by insurance firms is good student discounts. It is because insurance companies generally assume that good students are responsible drivers and are thus have a reduced likelihood of making a claim. Eligibility requirements may vary so you must ask your insurance company about this discount feature. In most cases, you should be between 16 to 24 years old to qualify and you must be a full-time high school or college student. You also have to have a minimum B average. You will likely be asked to give evidence of academic achievement, for instance a current grade card. If you are homeschooled, you may provide the results from a standardized test just like the PSAT. Good student discounts can reduce a significant amount from insurance premiums. Although the amount you can save from such discount differs from one insurer to another, there are some insurers who can offer you around $300 discount annually. To know more about how to have cheaper auto insurance, go to this website.
Complete driver’s education course - This is among the top money savers on auto insurance for teenagers. Some jurisdictions require driver’s ed, others don’t. If your state doesn't require you to take this course prior to getting a license, you are encouraged to attend such.
Don’t request for a sports car - Fancy sports cars are definitely ogle-worthy but they are also more expensive to insure. You could upgrade to a more sophisticated vehicle when you're older and can afford to pay for your own insurance but while you are still financially dependent, select a more practical ride.
Suggestions for moms and dads
Look at multiple vehicle vehicle insurance - Adding another vehicle to your policy will make you eligible for a discount. In addition, you can make the most out of multi-policy discounts. You will usually get a discount if you get auto insurance and home insurance if you obtain them from the same insurer. You may get yet another discount if you include an umbrella policy, which offers extra liability coverage beyond your car insurance limits. Visit here to discover more about lower car insurance rates.
Double your deductible - This is a surefire way of lowering your premiums. Consider doubling your deductible to reduce your premiums. Make certain though that you can afford to pay the higher deductible in the event of an accident.