Affordable auto insurance - how to help young drivers
Affordable Auto Insurance - How To Help Young Drivers
By Chimezirim Chinecherem Odimba
Young drivers are statistically very bad risks. Worse still, if they are teenagers their auto insurance rates could be really high. Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. Sign an exclusion form that will allow your teen driver have his or her own policy. Let your teen bear the responsibility of paying for their auto insurance. Teens that pay for their own auto insurance are more willing to take steps to bring it down. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.
You can also help your teen pay a lot less by doing or encouraging them to do the following...
1. Let them maintain good grades in school. Insurers generally favor students who consistently have good grades. They claim that such students have been proven to be better risks to them.
2. Make them the primary drivers on your older and less expensive car. You'll then drop collision and comprehensive coverage on such an old car. It is wise to drop collision and comprehensive coverage on old cars because you might not get a dime on them if you make a claim. Insurance companies pay out based on the Kelley Book value. So if the book says your old car is worth nothing (And most old cars would be), you'll get nothing. It will not matter if you've paid all your premiums faithfully for years.
Back to our main point, It will also help a lot if the old car is one that has a high safety rating. If you combine these, you'll attract better rates.
3. Let them use the public transport system as much as possible. This will reduce their mileage. And, the lower their mileage, the lower their rates.
4. Don't forget to do extensive shopping because there are insurers who now have a better understanding of young drivers as reflected by their rates. You could save a few thousands over time by doing this well...
Get and compare quotes from five or more reputable quotes sites and you will increase your chances of finding such insurers.
Here are my favorite pages for auto insurance quotes...
Auto Insurance Quotes
InsureMe Auto Insurance Quotes
Publishers can get unique versions of my articles by following any of the links above. Click on "To Use My Articles" when you get to my site.
Chimezirim Odimba writes on insurance.
Article Source: http://EzineArticles.com/?expert=Chimezirim_Chinecherem_Odimba
http://EzineArticles.com/?Affordable-Auto-Insurance---How-To-Help-Young-Drivers&id=917992
Article Source: Messaggiamo.Com
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