It’s a fact that teen drivers are known as “high risk drivers” by your friendly neighborhood insurance company. We all know what that means, more money to shell out. Now, don’t give up all hope, because there are ways to help keep the cost down and give yourself a little more freedom. So let’s say the little boys we know and love have grown into 17-year-olds and need a car to help them through the day. That means insurance and all kinds of little things they need at that age, so you want to keep the cost as low as possible.
Simple ways to help them out of your back and side pocket are listed below;
Number one – this can be as simple as adding them to your insurance plan. This may seem strange, but when they’re signed up for your insurance plan, it lowers the cost for them, even if you’re paying for it.
Number two: it’s very simple and it’s not for everyone. If you and your student live 100 miles away from your school or college, you should make sure they leave your car at home and also let your insurance company know.
Number three: You may not be interested in this, but having your child ride with you from time to time can reduce the number of miles you drive. This can lower the cost of your policy.
Number four: Buying a car that can be repaired easily and cheaply can also help you get out of your money pit.
Number five: the teenager can get a car, what is the first thing he wants to get? A really expensive and attractive sports car. But that can drive up the price of a policy. Attractive cars are also attractive to car thieves.
Number six: You need to make sure your child gets good grades. Most insurance companies will offer a “good grades” discount on auto insurance. The idea behind this is that good students are good drivers. No matter where your child is, a “B” or better is enough for the reduction of good grades. So encourage your children to do well in school because they too will benefit from it.
Number Seven – The key to these 7 simple tricks is to remember that you always get what you pay for. You should never neglect a good plan just because it is expensive; instead of getting the best quality at the cheapest price. Children are a blessing in this world and we should take good care of them. To think that if we do not get the best quality we will have to pay out of pocket if our teenager makes a mistake and crashes.
There is always a better option for you than to take what you are given. Finding what’s best for your teen is more of a life mission than a responsibility, so making the right decisions now can teach them the right things for their future and put them on the right path to success.
