How to Save Money on Teenager’s Auto Insurance
According to statistics, teenagers are some of the most high risk drivers on the road. In fact, 16-year-old drivers have the highest accident rate of any driver in any age bracket. And the fact is, just after getting their drivers license most teenagers pressure their parents to let them borrow the car.
Typically what happens is that parents will give their old car to the child to use. When they do this, they should immediately start calling around to receive insurance quotes for their teenager. Because insurance quotes are based on statistics these rates will most likely be very expensive.
Most people know that getting insurance for their teenage son or daughter can be rather expensive. A better way of doing it is to add all of your family members capable of driving to a family policy. If you do it this way, you will be covered in case anyone is involved in an accident. If you try to add your teenage son or daughter to your own policy, there is a very high likelihood your premium could increase by 50%.
Regarding your teenagers insurance policy, you want to be sure to get full coverage, as they are very prone to car accidents and liability only coverage is not usually enough. Traditionally car insurance for teenagers is very expensive, but there are possible ways to make them more affordable so you can be sure your teenager is safe while driving.
A great tip for reducing insurance costs, is to look for insurance providers that offer discounts for specific features of the vehicle. For example, some insurance companies offer discounts for cars that have antilock brakes or air bags. Not only do these reduce the cost of your premium, but they also increase the safety for your teenager.
Another great discount is for those teenagers with good GPAs. So, if your son or daughter is in high school or college be sure they keep their grades up because it will often result in a significant discount in auto insurance. Also, keep it fresh in their mind to drive very carefully, as any moving violation will increase your insurance premium.
As a parent, it is critical you stay on top of the auto insurance bills and be sure they are paid on time. In the event that you forget to pay it when your teenage son or daughter is pulled over, the vehicle will be impounded for showing no insurance and you can expect a fine of about $500 for an uninsured driver penalty.
If you have recently purchased a vehicle for your teenage son or daughter be sure to take the right steps and call an insurance company to have the car insured right away. This will protect your teenager and the vehicle from any accidents they may be involved in. Not to mention, it is the law.
Learn more about locating a San Diego DUI lawyer. Stop by Terry Hanson’s site where you can find out all about San Diego DUI information and what you need to do.