The time comes when your little kid becomes a teen and wants to drive like others. While this should be a joyful moment, many parents remember it with some mixed feelings. Mixed feelings because the family budget is about to spiral up. Could you imagine the additional cost of gas? Furthermore, your premiums might triple just because of this teen driver, your teen. Thankfully, it's NOT like the weather. You can do more than complain. You can take sure steps to pay less. Let's take a look at them...
I will list several things and then dwell more on just one (the last point)...
1. It would help if you made it a family policy that your teen pays part or all of his/her premium. If you do this, you'll find that your teen will be more like to take any advice from you that will help them drive down their payments (And such usually keep them safer too).
2. Make him/her a secondary driver on your oldest car (Such a car should be ok without comprehensive and collision coverage).
3. Let your kid learn to drive at a driving school and NOT on their own. If they've done that, let them upgrade their driving skills at a certified defensive driving center. Beyond the fact that insurers will reward such with lower rates, your kid would be the safer for it.
4. Encourage your teen to take his/her studies seriously. Good grades will drive down their rate. Auto insurers believe students who maintain good grades are less prone to recklessness.
5. Kids who drive cars that have high safety ratings pay less on auto insurance.
6. Let them use the public mass transit whenever they can. It will cut down mileage and reduce your rates. This is without counting the precious dollars you'd save on gas.
7. Teens are very comfortable with the internet (We all know how hard it is to get them off those computers). Therefore, put them to good use...
More often than NOT, your teen will more gladly shop for auto insurance quotes from a wide range of insurers. Don't they have more time on their hands than you do?
Just tell them that you want the best price to value ratio. They'd have to get and compare quotes from five or more quotes sites (Could be a pain for you to do but quite easy for the average teen).
Let them shortlist the most affordable quotes. Take some time out to see their shortlist and pick which gives you the best price/value. Some folks have saved over $1,000 by doing this right. - 15224
I will list several things and then dwell more on just one (the last point)...
1. It would help if you made it a family policy that your teen pays part or all of his/her premium. If you do this, you'll find that your teen will be more like to take any advice from you that will help them drive down their payments (And such usually keep them safer too).
2. Make him/her a secondary driver on your oldest car (Such a car should be ok without comprehensive and collision coverage).
3. Let your kid learn to drive at a driving school and NOT on their own. If they've done that, let them upgrade their driving skills at a certified defensive driving center. Beyond the fact that insurers will reward such with lower rates, your kid would be the safer for it.
4. Encourage your teen to take his/her studies seriously. Good grades will drive down their rate. Auto insurers believe students who maintain good grades are less prone to recklessness.
5. Kids who drive cars that have high safety ratings pay less on auto insurance.
6. Let them use the public mass transit whenever they can. It will cut down mileage and reduce your rates. This is without counting the precious dollars you'd save on gas.
7. Teens are very comfortable with the internet (We all know how hard it is to get them off those computers). Therefore, put them to good use...
More often than NOT, your teen will more gladly shop for auto insurance quotes from a wide range of insurers. Don't they have more time on their hands than you do?
Just tell them that you want the best price to value ratio. They'd have to get and compare quotes from five or more quotes sites (Could be a pain for you to do but quite easy for the average teen).
Let them shortlist the most affordable quotes. Take some time out to see their shortlist and pick which gives you the best price/value. Some folks have saved over $1,000 by doing this right. - 15224
About the Author:
Start saving a lot here: Safe Auto Insurance and Cheap California Auto Insurance. Chimezirim Odimba writes on financial matters.
