When it comes to getting your car insured, you will hear people talking about rates that are over a hundred dollars a month. If you are like most, that is extremely high, almost to the point of unaffordable. It does not have to be this way. What many big name insurance companies do not tell you is the fact there are many ways to get cheaper car insurance. Searching on the internet for cheap auto insurance quotes is an indirect way to find affordable and cheaper auto insurance companies.
When you have a teenage child, purchasing a car (new or used) will entail getting that vehicle insured. Many parents require the teen to pay for the additional insurance, as it can cause an additional burden on the family finances. Some families will even choose to put the child on a separate insurance so their own rates will not go up. There are, however, many ways to offset the additional cost making it so keeping your family safe will not break the bank.
One of the best ways to lower the car insurance bill is by accumulating discounts. Families that add the child and car onto their plan will discover they are eligible for a multi-car discount. If the child is a good driver, with no traffic infractions, then that will further drive down the rate of the car insurance premiums. Finally, as an additional incentive to keep grades above a C, students will be eligible for an additional good student discount on many insurance plans. If your agent does not tell you about it, ask them. If they do not offer it, consider a different company.
Unbelievably, the vehicle you purchase will determine the premiums charged. While this no longer includes the color, it does include the make and model. What is taken into consideration with insurance premiums is the price of the car, the style of the vehicle (sports cars), and if the vehicle is a model that is commonly stolen.
You can combat those insurance premium hikes, however. First, you can purchase a used car. The older cars will have lower premiums, just as your insurance premiums drop as your car ages. Secondly, you can install anti-theft devices in your vehicle. Devices such as On Star will help recover your vehicle if it is stolen, and insurance companies are less likely to be out money. If you park the car in a garage, then you will want to make sure that you tell the insurance company that. Vehicles that are protected from the elements and in a locked location are less likely to be damaged or stolen.
Finally, with the addition of safety devices on the car, you will see insurance rates drop. Air bags and seat belts should all work, and ones that automatically lock when you close the door are ideal. This requires the driver to be buckled in, which will help them remain safer in the event of an accident. Studies have shown that fewer people die as the result of an automobile accident when they are properly restrained and the air bags deploy.
A teenager can lower their insurance premiums by simply taking a driver’s education course through a licensed school and complete a defensive driving course. You will want to make sure you have documentation showing that the child has completed the courses successfully, in order to have little problem receiving the discounts. Again, if your current insurance company does not offer benefits for taking courses, you will want to reconsider whom your car insurance is through.
Teens that are learning how to drive will make mistakes. It is just like anything that you learn. These mistakes, however, can be costly when it comes to vehicle insurance. Restricting the amount the teen drives until they are more experienced is a way to help them reduce the number of accidents. In addition, the fewer miles put on the vehicle will cause the insurance rate to be lower.
What you have on your car insurance will reflect how much you pay. If you wish to lower your car insurance premium, be willing to pay a little more if there is an accident. If the vehicle is too old to be worth anything in the event of a wreck, remove the collision and comprehensive coverage. Make sure that you are aware of your vehicle’s worth prior to making these changes, as some cars may be worth more than you think.