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Sunday, August 9, 2009
Cheap Teen Auto Insurance -- How Teens Can Help
So your teen is now old enough to drive? This should have been a clearly joyous moment but for some reasons, it's filled with 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%. Thankfully, it's NOT like the weather. You can do more than complain. You can take sure steps to pay less. Let's take a look at them...
Because of time and space constraint, I'll give you a list of several tips (I'll only dwell on one)...
1. Let your kid pay at least part of the bill if they must drive. If you do this, you'll find that your teen will be more like to take any advice from you that will help them drive down their payments (And such usually keep them safer too).
2. Make him/her a secondary driver on your oldest car (Such a car should be ok without comprehensive and collision coverage).
3. As much as possible, ensure your teen does NOT learn to drive from other kids. If they did learn on their own, let them take a course in defensive driving. Apart from the fact that this will save you on premium, it will help keep your teen and our roads safer.
4. Encourage your teen to maintain straight A's or a minimum of B's. Insurance companies have the belief that kids who maintain good grades are far less prone to recklessness behind wheels.
5. Kids who drive cars that have high safety ratings pay less on auto insurance.
6. Whenever they can, let your teen use the public transport system. Lower mileage means cheaper rates. Furthermore, you'll also save on gas!
7. Teens grew up with the internet and so are usually very good at finding their way around it. Let this work to your mutual benefit...
More often than NOT, your teen will more gladly shop for auto insurance quotes from a wide range of insurers. They have more time on their hands and are definitely more comfortable with the internet.
Let them know that you're looking for the best rate that also gives you the right protection. Let them get and compare quotes up to five reputable sites.
Let them shortlist the most affordable quotes. Take some time out to see their shortlist and pick which gives you the best price/value. Some folks have saved over $1,000 by doing this right.
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