When the day comes that your baby is suddenly all grown up and asks to take the car, knowing your teen driver is properly insured will decrease your stress. And though adding a teen driver to your policy will most likely result in significant rate hikes, comparing online insurance quotes can help you find the best rates.
Be Prepared: Compare Auto Quotes Ahead of Time
When it comes to insurance policies, not many will allow you to simply switch companies without a penalty. That’s why it’s so important to compare auto quotes well before your teen driver gets her license. If you compare auto quotes ahead of time, you can find out what conditions will lower your teen driver insurance rates and which company will offer you the best deal. This way, you can instruct your teen driver to get a DMV driving certificate to lower insurance rates, and if you need to switch companies, you’ll have plenty of time to do so.
Compare Auto Quotes Online for the Best Rates
You can compare auto quotes online by visiting insurance comparison sites that allow you to compare auto quotes at a glance. Another advantage of online insurance quotes is that you often get special deals and discounts with comparison sites that you don’t get when you go directly to an insurance company. So take your time and request a number of quotes from reputable insurance carriers so you can compare auto quotes at your leisure and select the one that works best for you. This way, you can make sure your baby is insured without breaking the bank!
It’s every parent’s worst nightmare: insuring a teenage driver. Most people fret over the potential financial impacts long before their children have even exited the diaper stage, and rightfully so. The cost of teenage auto insurance can be outlandish. Nobody’s blaming the insurance companies—statistics drive the rates. But you’re not entirely helpless, either. There are some things you can do to lower the astronomical rates you’ll be asked to pay, if not dramatically then at least incrementally.
Everyone knows that a passing grade in their DMV driver’s test is a prerequisite of obtaining their license in the first place. If it weren’t, there would be a lot less frayed nerves at the dreaded “moment of truth,” and a lot more bad drivers on the road. But did you also know that maintaining high grades in the classroom can impact your teenage auto insurance premiums?
Auto insurers offer discounts to “good students” that range from 10 to 25 percent. This may not sound like much, but when you consider being able to save almost ¼ of the high cost of insuring a teenage driver, you begin to see dollar signs in your field of vision.
Most insurance companies consider a B average to be the dividing line between “good” performance and “substandard”—and although achieving high grades doesn’t automatically make someone a good driver, insurance companies consider kids who are able to balance their school life with their social life to be far lower risks.
Tip: Talk to your insurance company about good student discounts. Then have a serious talk to your teenager about what you’ll be expecting of them if they want to keep their driver’s license.