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Controlling Automobile Insurance Premiums for Young Drivers

These younger insureds pay more for car insurance, since they cost the insurance companies more. Teenage inexperienced drivers have more crashes than mature more experienced drivers. The insurance company's expenses push the consumer's costs up.

These younger insureds pay more for car insurance, since they cost the insurance companies more. Teenage inexperienced drivers have more crashes than mature more experienced drivers. The insurance company's expenses push the consumer's costs up.

Your policy's premium will increase when you add a young driver to your automobile insurance policy, but here are some tips that may reduce that increase in premium.

Reducing Your Premiums

Price Shop Before your Child gets His or Her Learner's Permit

Get Every Car Insurance Discount

Drivers Education

Good Student

Some Autos Cost Less to Insure

Eliminate Unneeded Coverage

Price Shop Early

In many cases car insurance carriers won't insure a you if you have a teen driver unless they are an existing account. Your family is more likely to get the best deal if you shop around before your child is old enough to drive. Tell your auto insurance agent that you want to know the monthly premium for the policy would be now and what they would be when your child starts driving. It is important to compare prices and policy provisions based on what the insurance policy would be priced when you do have a teenage driver. .

Get Every Auto Insurance Discount

Discounts are good. There are 2 discounts that anyone with a teenage driver should look into. They are the "good student" discount and the driver's ed discount. Qualifying for one or both of these discounts can save you hundreds each month.

Your young driver is likely to cost you less if they maintains a GPA above a B. This will qualify him or her for a lower rate with many companies. If your son's or daughter's grades are poor, driving privileges may be enough of an incentive to get them to study harder.

Also, many carriers will give a lower rate for teen drivers who have taken a recognized driving instruction course. This should be supplemented with practice driving with a parent, but the drivers education certificate is likely to qualify you for a discount.  This lesser premium reduce your monthly premium enough to pay for the driver's education certificate. And while you may be very safe driver, allowing your teen driver to study with a recognized driving school can make your young driver a less dangerous driver.

Get The Right Auto

Certain vehicles cost less to insure. Fast, expensive cars will probably cost more to buy coverage for especially  with a young driver on your auto  insurance policy. Getting a less sporty auto for your child has its advantages over faster newer autos.

Reduce or Eliminate Unneeded Coverage

You may be able to drop your automobile  insurance rates by dropping the collision and other than collision coverage on the automobile your teenaged driver will drive. You will take more risk. If your son or daughter gets into an accident, your insurance company may pay the other diver, but it won't pay for any repairs to your car . You must decide based on your comfort level, but removing your "comp" and collision is likely to lower your costs.

Lower Insurance costs and Safety

Money isn't the only issue. A driving course may make your young driver not just a less expensive driver to buy coverage for, but is also a less dangerous one. This is also true for purchasing a slower less dangerous car  if you were contemplating getting a sports auto  for your teen driver.

Reduce The High Cost of Young Auto Insurance Coverage

With the help of the ideas in this articleHealth Fitness Articles, you might save a bundle.


Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Alston Balkcom has been an insurance agent since 1985.  He can help you find Colorado home owners insurance quotes and auto Insurance For Your Teenager



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