For parents with teenagers, Auto Insurance rates for teenagers can be a real problem. Once a teenager turns sixteen, driving becomes an obsession with them, but the usual auto insurance rate increase for teenage drivers will increase your total premium. Short of refusing to let them drive until they are older, there are a number of ways to lessen the added expense of Auto Insurance rates for teenagers.
Whether they are new or existing drivers, here are some tips to receiving lower auto insurance rates for teenagers:
Type Of Car
Driving History
School Grade
Policy Ownership.
Auto insurance Rates for Teenagers definitely base on their driving history. Even clean police criminal records can bring down the Auto insurance Rates for Teenagers. Remember, the more positive documents you have to support your kid, the cheaper will be for the Auto insurance.
Type of Car
This is definitely the opposite of what the Teenager wants. We know teenagers would definitely want an Expensive or powerful sports cars. Insurance Company do not like young teenagers in expensive sports cars and the average auto insurance rate increase for teenage drivers is much higher compared to the increase for an older, slower and less expensive model.
Older, heavier cars are harder to drive recklessly and, therefore, are safer. With an older car, the consumer might consider dropping collision and comprehensive coverage and only carrying liability. One of the factors impinging on insurance costs is the value of the car, so older car will also help reduce the Auto insurance rates for teenagers.
Driving History
Majority insurance companies will give generous discounts for previous good driving. Make sure your teen drives with awareness. Stay away from claiming for minor damage such as bent fenders and encourage them to drive according to the rules so as to avoid traffic tickets as either of these can send auto insurance rates for teenagers sky high.
Send the teenager to a driving school. Graduating from a safe driving program or driver's education class can lower the price of auto insurance rates for teenagers.
School Grades.
There would be a discounted Auto insurance rates for teenagers who maintain a B average or higher. This discount on Auto insurance rates for teenagers can be as much as 25%, so it is definitely a great idea to look for this discount when shopping for auto insurance rates for teenagers
Policy Ownership
Adding a young person to the family policy can double the parents' premium but this cost will decrease over time if the teenager is a careful driver. Listing them as an occasional' driver will reduce the rate as well. If the car being insured is old but safe, it may be cheaper in the long run to get them their own insurance.
Although most Auto insurance rates for teenagers can be a financial drain on your pocketbook, by searching a number of local insurance companies in your area and remember the above in mind, you should be able to find a good Auto insurance rates for teenagers.
More Car Insurance information can be located at : http://www.Get-Insurance-Today.Info
Best wishes,
David
Tags
Insurance