Cutting Costs When Adding A New Driver
You know that sheer terror you feel when your teen is behind the wheel and you think he or she is not going to brake in time? Your insurer knows it too, to an extent. Young drivers are statistically the most risky drivers out on the road, thanks largely to their inexperience. As a result, when you add your teen driver to your auto insurance coverage, you can expect a spike in the cost. To help you keep your coverage affordable, use these tips.
- Go To School: The educational benefits for your teen are twofold. By attending a safe driver training course, he or she becomes equipped with extra experience and skills that can help him or her and your premiums. Secondly, by attending school and maintaining grades of Bs or above, he or she can qualify you for good driver discounts.
- Talk To Your Agent: Work with your agent to find ways to minimize your costs. For example, by assigning your teen to the least expensive vehicle your family owns, you may be able to reduce your premiums. You can also work together to increase your deductibles or drop certain types of coverage to keep your policy cost-effective.
- Limit Access To A Car: You may want to think twice about giving your teen his or her own car. Coverage will be much less affordable for teens who have full-time access to a car and are consequently likely to drive more. Also, look for ways to shorten your teenâ's drive to school (e.g. sharing rides with a friend), as the less he or she drives the less your coverage will cost.
This guide will help you save some on your coverage, but talking to a California auto insurance expert will help you maximize your savings.
Contact Cook, Disharoon & Greathouse in Oakland for all of your Northern California
auto insurance needs.
