So your teen is now old enough to drive? While this should be a joyful moment, many parents remember it with some mixed feelings. While you pray that your teen stays safe behind wheels, you’re also concerned that it would raise your costs. Add gas costs! As if that wasn’t tough enough, this teen driver could drive up your rate by as much as 200%. Is there anything your teen can do to help you cut down costs? A lot! Let’s take a look at them…
I’ll just reel out a good number of tips before dwelling on just one…
1. Let your kid pay at least part of the bill if they must drive. If they are responsible for paying part of the bills they’ll be more open to suggestions that will reduce your rate.
2. Let them be the secondary driver and preferably on an older car that will do just fine with the state’s minimum.
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. Insurers believe their is a correlation between recklessness and poor grades.
5. Let your teen use a car that has a high safety rating.
6. Whenever they can, let your teen use the public transport system. It will cut down mileage and reduce your rates. Furthermore, you’ll also save on gas!
7. The average teen is very much at home on the internet. Let this be used productively on lowering your rate…
If you want to do extensive comparison shopping, then your teen can help you out. 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).
They should make a list of about five of the best quotes returned. You can go through those short listed and make the final decision. Some folks have saved over $1,000 by doing this right.
Begin to save more here: really cheap auto insurance and cheap california auto insurance
Find realistic info to car finance calculator – your own guide.
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