Short of forbidding their teenage child to get their driver’s license, many parents feel there’s little they can do to avoid the high cost of auto insurance for their son or daughter. Granted, an automobile insurance policy that covers a new driver is likely to be expensive, there are things that can be done to help soften the financial blow. Parents need to be aware of what to look for before they start gathering quotes for auto insurance for their teen.
A safe driver is really the most important qualification of getting a great rate. This is why enrolling the child in a driving course is a great idea. Not only does it help lower the teen’s insurance rates but it also provides some peace of mind to the parent. If the child learns how to drive from a professional, they are much more likely to continue obeying the rules of the road which will ultimately result in lower rates.
Even though all kids dream of getting a brand new sports car for their sixteenth birthday, this isn’t going to help in the quest to find affordable auto insurance for the teen. New cars simply cost more to insure. A parent is much better off buying a used car and investing the money so when the child is old enough to qualify for a low auto insurance rate they can buy the car they really want.
Many teenagers have after school jobs and there should be an agreement in place that states that they foot part of the insurance costs. This not only makes it more affordable for the parent but it teaches the child about financial responsibility as well. With this approach the child will be well prepared to pay their own auto insurance costs when they venture out on their own.
By: Deborah Mills
Posts Tagged ‘Rules Of The Road’
Cheap Car Insurance in Louisville, Kentucky
January 13th, 2010
Many parents in Louisville, Kentucky are all facing the same distress each year. It’s when their child becomes old enough to drive on their own and they have to start paying for car insurance for the youngster. Considering that on average six hundred teenage drivers are charged with driving while intoxicated each year, it’s easy to see why insurance companies view this age group as being high risk. There are things a parent and their child can do though if they want to enjoy cheap car insurance in Louisville, Kentucky.
First and foremost every teenager who becomes licensed to drive in Louisville should be a graduate of a state recognized driver’s training program. These programs not only offer a cheaper insurance rate for the teen, but they also teach the young adult the basic rules of the road, including how to drive both defensively and safely.
Teens also can enjoy cheaper rates if they are in a car that has safety measures built-in. Most insurance companies look favorably on a teen that is driving a car that has both air bags and anti-lock brakes. So if a parent wants their teen to have a lower price tag on their insurance premiums, allowing them to drive a car with these features is a good idea.
Look for an insurance company that offers a discount for conscientious students with good grades. Many teenagers see the value in a solid education and work very hard to maintain a high grade point average. Some car insurance companies view this as a sign that the child understands responsibility and they will reward the teen by giving them a cheaper car insurance rate.
In addition, it’s really important for the parents to stress the cost of speeding and reckless driving. For each incident that the child is involved with be it a speeding citation or an accident, the insurance rate will jump. Kids need to be well aware of the fact that their actions when driving really do have serious financial consequences.
By: Deborah Mills