ifydcat Teenagers look at getting their own car as a rite of passage, but for their parents it means more money they have to spend. It is never inexpensive to insure a teen driver, but there are several things that can be done to reduce the rates a little. Continue reading if you would like to know how to keep more money in your pocket while making sure your teen is safe on the road.
One way to save money on car insurance for your teen is to enroll them in a driver safety class. Many insurance companies provide discounts for drivers who take the time to complete these type of courses. This is because it lets them know you are concerned about driving safely, which decreases your chances of being in an accident. You can take a class with them and save a little more on your car insurance. This will show them that you know how to practice what you preach. Talk with an agent at your insurance company to see if they can recommend a place in your area that offers a great class.
Teens always ask why it is important for them to do well in school. You should let them know it is because they can save you money on insurance. When someone in good in school, it shows that they know how to be responsible. Most insurance carriers want to reward this, since it means they are likely to be responsible drivers. If your teen asks for a car, let them know they can only get one if they promise to get their grades up and keep them there.
While your teen may have visions of cruising down the highway in a brand new sports car, do not give in to a request like this. You will end up paying through the roof for the insurance. The best thing to do is to buy them an older car that is safe and dependable. That way the premiums will be much lower and you can feel more secure in knowing they will be safe while they are out.
When you are going over the insurance paperwork, make sure that you do not opt to pay for anything that is not really necessary. One mistake people make is paying extra for personal injury protection. If you have a medical insurance policy and your teen is covered under said policy, there is no reason for you to pay for the auto insurance company to pay medical bills. You still want to cover the other driver though, since it can cost you a ton if someone gets hurt and your coverage does not pay for that.
Getting car insurance for yourself is a huge expense, and covering your teen can really hike up the price you are paying. Use the tips in this article to make sure that you are getting the best rate that you can. It may not save you a ton of money, but it will make the financial burden a bit lighter.
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