As parents, you would like to find the best insurance for your teenagers to protect their well-being. In doing so, parents also like to have cheap but adequate insurance for their children.
Parents are also supposed to have their own insurance, so having insurance on your teens will double your premium. Actually, you can’t help but have an additional account for your teen driver on your policy. But you can still do everything you can to save as much money as possible, especially to make sure you get the best insurance for your teen.
Here are some tips you can do to lower your premium. It is possible because your car insurance company will provide you with certain conditions so that you can save money. Keep in mind that teenage boys have a higher premium than a teenage female driver.
The first tip you can do to save money is to pay a higher deductible. The higher the deductible you will pay, the lower your premium will be. It can be a bit risky at times, but if you pay a $1,000 deductible, then your premium will be manageable.
The second tip for you as a parent to lower your premium is to shop around between different auto insurance companies. Find an insurance company other than your own insurance provider that can provide the best insurance for your teen. There is no law that says you and your teen must have the same insurance provider.
But make sure your insurance provider offers some discount for adding a family member, then you should take advantage of that opportunity. You’ll get cheap car insurance if you shop around many insurance companies before you get insurance for your teen.
The third tip is to encourage your teen to study well. If your children maintain a good grade, which is generally above a 3.0 GPA, you’ll get a 15 percent discount on your premium. Maintaining a good rating would be a positive signal to the insurance provider that the teen is responsible enough to drive on the road and can avoid car accidents.
If you want cheap car insurance for young drivers, here’s a fourth tip you can do to save money. Buy a conservative car for your teenager. For example, sedans offer much better insurance rates than other types of cars. If possible, never buy a sports car for your teenager because it is one of the most stolen cars that would only cost your cousins a lot. It is recommended that brands like the Toyota Camry lower their premiums.
Having the best car insurance for your teenager will be possible if you complete all these tips, including this last one. Make sure your teen enrolls in a driver’s education program.
Having the best car insurance for your teenager will be possible if you complete all these tips, including this last one. Make sure your teen enrolls in a driver’s education program.
