Picture it... 2006 Your teen son just got his driver's licence, and now it's up to you as a parent to find cheap auto insurance to cover him and protect you both.
Insurance rates can be very different. Read on to find out how to find a good policy that is also cheap.
Let's face it. At this age, your teenager doesn't have enough experience for insurance companies to see them as anything other than a high risk. But there are a few things you can do to find good, cheap insurance and keep your premiums low.
Knowledge is strength. And it's our job as parents to teach our kids about these things.
Driver Safety
The first and most important thing you need to tell your teenager who just got their licence is how important safety is. Too many people die needlessly every year in the US and other countries because of a lack of safety.
If you can't teach them this information, send them to a driving school to learn from experts. Most high schools give their students the chance to take a class on how to drive.
A good record as a driver
The way your teen drives will have a direct effect on how much your insurance costs. If there are no tickets or accidents, the rates will go down over time.
Type of Car or Truck
If your teen wants a two-door red sports car, you'll have to pay a lot more for insurance. Sports cars have only two doors, and statistics show that red cars get into more accidents than cars of any other colour. You might not be able to get cheap car insurance if you choose this.
Features for safety
Choose a car that has a lot of safety features and is well made to save money.
Deductables
Your rates can also go down if you choose a higher deductible. In general, the lower the monthly premium, the higher the deductible.
Discounts
When you're looking for cheap auto insurance and getting quotes from different companies, find out if there are discounts for things like having more than one policy, having taken a defensive driving course, or having a clean driving record. There is a lot of competition in the auto insurance business. Some businesses are more willing to cut prices than others.
Online, you can find cheap auto insurance.
The easiest way to find a cheap auto insurance company is to get quotes from more than one company and compare them. This can be done well at Esurance.com and Insurance.com.
