Monday, September 17, 2007

Can You Afford to Let Your Kids Drive? – Car Insurance for Teens

Your boy (or daughter) is about to acquire the magic drivers license. He (or she) is hinting about purchasing him a auto or looking longingly at your auto keys-maybe you should conceal them. See that adding a teen to your policy can duplicate or even ternary your premium, before you give out those keys- better shop around for auto coverage before your children acquire licences to take down those rates.

First, read his study card. Most insurance companies offering discounts--sometimes as much as 25%--for pupils with a Type B norm or better. That's all the more than ground to promote your kid to analyze hard.

Make certain your newbie drivers have got had driver's education. This tin aid cut down rates.

If your family have more than than one car, wage attending to what auto she drives. Even if you never give your teen the keys to the Jaguar, your auto coverage company may price your policy as if she drove the most expensive auto in your garage. Be certain to inquire about this expensive provision-ask for a decrease by demonstrating you are not going to let him to drive the expensive vehicle or electric switch insurance companies if the decrease is disallowed.

Or you can direct him away to school, sans auto. Many coverage companies price reduction household auto insurance insurance premiums when a teen is away at school without a car. They, complaint lower, "married" rates for away-from-home students. "Away" usually intends 100 statute miles or more than from home. The discount, which could be deserving 10% Oregon more than off household policy, is good year-round, not just during the school year.

Finally see having coverage in child's ain name as soon as they attain legal age for your state. Consider, if your boy runs a brake light in a auto insured by you and injures someone, your coverage policy will pay harm claims up to its limits, but your sum insurance premium will be hiked by 5% to 15% Oregon so. But if your kid had his ain coverage policy, you wouldn't be responsible for the legal damages, and his coverage premium would be the 1 that suffers.

And if your auto insurance is still too high, public transportation system for teens, at least some of the time, is a good idea. After all, the less they drive, the less opportunity of an accident; and that volition less your rates too.

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