If you have a teenaged son or daughter who has just begun to drive, chances are that your auto insurance rate has just gone spiraling up and is leaving you gasping for breath. What you may not be aware of is that there are ways to reduce insurance costs at least by some amount if you know how to go about it.
Increase your Comprehensive and Collision Deductibles
The first way to go about reducing your auto insurance cost is to hike up the comprehensive and collision deductibles to a minimum of $1,000 because this will help you reduce your premiums and save the trouble of filing multiple claims that could hamper your chances of getting a no-claims bonus.
Drop the Collision and Comprehensive Coverage for Older Cars
Evaluate whether the old car deserves a collision and comprehensive coverage. In some cases, the cover for collision and comprehensive coverage may be higher than the amount that you could ever retrieve from the insurer, even if the vehicle is totaled .
Buy a Car That is Safe to Drive
It is always a good idea to drive a safe car but that is all the more the case if you have teenagers driving it. Not just will giving the children a safe car to drive give you peace of mind, it will also help you reduce the amount of money that you pay for auto insurance.
Project the Teenager's Good Grades
If the child is getting good grades in school, make it a point to present the fact to the insurer. Projecting the teenager's good grades will help you get a lower premium amount because insurers will seen a bright and studious teenager as being a responsible person who is likely to run into accidents. You can also ask for discounts that are applicable teenagers such as discounts offered for kids who take safe-driver classes. You can also ask the insurer what the teen needs to do to qualify for additional discounts.
You will be surprised at the range of auto insurance rates that are available on the Internet. The best way to reduce auto insurance rates is by comparing multiple quotes online, something which is fairly simple to do. You can take up the leads that the online insurance sites throw up to further narrow down your search.
f you have a teenaged son or daughter who has just begun to drive, chances are that your auto insurance rate has just gone spiraling up and is leaving you gasping for breath. What you may not be aware of is that there are ways to reduce insurance costs at least by some amount if you know how to go about it.Learn More
Most people who buy auto insurance do not give it much thought except for understanding what the state laws are and picking the deductible amount. What folks do not take into account is that understanding the various types of insurance can go a long way in reducing the amount of insurance that you pay for your car.Learn More