As a guardian or parent, it is normal to feel scared when you’re teen starts talking about obtaining a driver’s license. This step is an important one when it comes to them gaining independence. Whether you like it or not, they will eventually get behind the wheel of the car and begin to drive. Since students are new drivers and have no history they are sometime difficult to insure. According to some, students are more likely to be distracted while driving and have a higher risk of accidents.
How do you find car insurance covering students?
This answer may not be as hard as you think. Insuring students is often easy if a parent or guardian is already insured. You will want to make a call to your agent to see if you are able to add the new driver to your policy. Be sure to let them know if there is also a new car to insure or if the student is driving a car that is already on the policy. Keep in mind that coverage for students may have good and bad points. If your student is on the honor roll, has good grades and driving a car with additional safety features he or she may be eligible for discounts.
There are some things you can do to reduce auto insurance quotes for your student.
If there is any driving history makes sure that it is clean. No accidents or tickets regardless of whose car was being driven will ensure that you are offered the best rates on insurance.
Ask for a policy with a higher deductible to get the cheapest rate. If you don’t mind paying more out of pocket in the event of an accident, ask about increasing your deductible. Higher deductible usually means that the insurance company is able to offer you cheaper rates because you are agreeing to pay the bulk of the cost out of pocket for repairs or medical costs leaving less of a claim chance on the insurance company,
A safe and reliable car that will teach them to drive well, not fast. It would be more helpful and valuable to give your child a car that has great safety and security features.
Let them get their own policy. There is no reason why your student has to go on your policy if they meet the requirements to have one of their own. If may make them more responsible for their actions if they are required to pay for the policy themselves.
Allowing your student to be involved in the auto insurance quotes process will certainly teach them how to obtain insurance and also where they can apply the best features to reduce their rates. If rates can be reduced further by grades and safe driving, then consistent follow up with your agent can afford deeper discounts on auto insurance quotes over several years.