Can I Lower the Cost of My Teen’s Auto Insurance?

You are searching about What Should 16 Year Olds Get On A Average Wage, today we will share with you article about What Should 16 Year Olds Get On A Average Wage was compiled and edited by our team from many sources on the internet. Hope this article on the topic What Should 16 Year Olds Get On A Average Wage is useful to you.

Can I Lower the Cost of My Teen’s Auto Insurance?

It is quite possible. Several factors go into the cost of insurance rates. The reason why car insurance is so expensive for teenagers is that as a group teenage drivers have terrible statistics. According to the Insurance Institute for Highway Safety, 16-year-olds have an accident rate that is almost 6 times higher than drivers between 30 and 59. That is unlikely to change anytime soon.

As a result, it is not unheard of for parents to find themselves with an insurance premium that is 50% to 100% higher once a teenage driver is added to their policy. That is not to say that there is no appeal.

First of all, several factors are taken into account when setting insurance rates. This includes:

1. Age and gender of the driver

2. Driving record of driver and how long this person has been driving

3. City where the driver lives

4. Type of vehicle is insured

Some of these you can’t or probably won’t change, of course. But there are some things that can be done and some possible discounts that you should investigate.

From the list above, the factor you have the most control over is the type of vehicle being insured. Check for things like airbags, anti-lock braking systems and anti-theft devices. The ratings of a car’s crash safety test also have an impact. Don’t try to live vicariously through your teenager and get them the kind of car you wish you could have. Higher insurance costs is just one of the ways you will pay.

It is always wise to shop around for car insurance. While insurance rates are pretty standard for older drivers in the industry, the same isn’t necessarily the case for teen drivers. Differences occur when insurance carriers assign specific drivers to specific vehicles under the policy or when they insure all drivers for all vehicles. Be sure and ask how the specific insurance carrier handles that.

Another way to save money is to look for discounts. A variety of discounts may be available for things such as:

o good grades (a 3.0 average or better)

o having a driver training course

o enroll in an insurance companies safe driver program

o Community Service (Girl Scouts or Eagle Scouts)

o multiple cars on a policy (add them to your policy, don’t take out a separate one)

Video about What Should 16 Year Olds Get On A Average Wage

You can see more content about What Should 16 Year Olds Get On A Average Wage on our youtube channel: Click Here

Question about What Should 16 Year Olds Get On A Average Wage

If you have any questions about What Should 16 Year Olds Get On A Average Wage, please let us know, all your questions or suggestions will help us improve in the following articles!

The article What Should 16 Year Olds Get On A Average Wage was compiled by me and my team from many sources. If you find the article What Should 16 Year Olds Get On A Average Wage helpful to you, please support the team Like or Share!

Rate Articles What Should 16 Year Olds Get On A Average Wage

Rate: 4-5 stars
Ratings: 1706
Views: 88187869

Search keywords What Should 16 Year Olds Get On A Average Wage

What Should 16 Year Olds Get On A Average Wage
way What Should 16 Year Olds Get On A Average Wage
tutorial What Should 16 Year Olds Get On A Average Wage
What Should 16 Year Olds Get On A Average Wage free
#Cost #Teens #Auto #Insurance

Source: https://ezinearticles.com/?Can-I-Lower-the-Cost-of-My-Teens-Auto-Insurance?&id=3287242

Related Posts

default-image-feature

Self Worth and Money

You are searching about How To Get Four Year Old To Poop On Potty, today we will share with you article about How To Get Four Year…

default-image-feature

Writing a One-Page Business Plan: 5 Questions A Self-Publisher Must Ask

You are searching about How To Get Your 12 Year Old To Respect You, today we will share with you article about How To Get Your 12…

default-image-feature

6 Ways to Memorialize Your Pregnancy

You are searching about What Shots Will My Son Get At 15 Months Old, today we will share with you article about What Shots Will My Son…

default-image-feature

Travel Pillows Help Kids Sleep on a Trip

You are searching about How To Get Four Year Old To Go To Sleep, today we will share with you article about How To Get Four Year…

default-image-feature

Ditch The Cardio And Slash Belly Fat – See How

You are searching about How To Get Your 12 Year Old To Lose Weight, today we will share with you article about How To Get Your 12…

default-image-feature

How to Help Your Baby Sleep Soundly at Night

You are searching about How To Get Four Month Old To Sleep All Night, today we will share with you article about How To Get Four Month…