Teen auto insurance- Taking Advantage of Discounts Helps to Reduce Impact of Young Drivers

Jay Leo
October 3, 2009

Jay Leo
http://xpressreleasewire.com

Many insurance companies will give you an auto insurance policy that covers younger drivers that are new to permits or who have just received their license. Keep in mind that this will cost you to carry them on your insurance, but it is unavoidable. Most auto insurance premiums will increase up to 200% with the addition of a new driver on the policy.

There are ways to go about getting discounts on your policy even with the addition of a young driver. Some of these for you to take into consideration are: -Have your newest driver enroll in a driver's education course. With the successful completion of this course, many insurance companies will offer a 15% drop in your rate with proof of this course's completion. -Many insurance companies offer discounts of up to 25% for student drivers that keep their grades up.

-Make sure that the correct vehicle is assigned to your youngest driver. If you have an expensive vehicle that they are not allowed to drive at all, you don't want them put down as the driver of that vehicle as it will make your rates increase. If they do this automatically and will not switch the vehicles, you need to switch insurance companies. -Switching your deductible rate to a higher amount can lower your premium. However, if an accident occurs you will have to pay more out of pocket.

-Having an older car on the policy for your young driver can reduce your premium as many older vehicles do not need collision or comprehensive coverage.

-Reducing your liability amounts can save you money on your insurance but can be quite risky. A huge accident can have big consequences on your other assets if your liability amount is not enough to cover what is needed.

Some ways of saving money on your car insurance are great options to check out but others could put you in a large bind if an accident would occur. Figuring out what is right for you and your family should be based on your own personal and financial circumstances.

Now is the time for that extra auto insurance protection. Do not be held responsible for someone else's misfortunes. The number of uninsured motorists on the roads these days have increased drastically which ultimately will affect numerous amounts of other under insured motorists. Safeguard you and the ones you loved with the best auto insurance coverages available today.

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