Few things are more frustrating to the parent of a teen than paying the insurance premium for your child's car insurance.
When compared to the insurance rates adults are charged, the rates for teens seem completely out of line.
While it may seem this way, the simple fact is that because teens are new at driving, they will most likely be involved in some minor accident while learning to handle a car.
The insurance companies know this and charge higher rates to compensate.
However, armed with a little knowledge, you can work to get the best rates for your child.
One way to get the best rate on insurance for your teen is to enroll them in a driver's education class.
Many high schools offer a class and some states even require that teens take a driver's education class.
Education in the classroom and with an experienced driving instructor is the best way to make sure teens know the rules of the road and drive safely.
If your school does not offer training classes, consider hiring a private instructor for your child.
Any training that the insurance company can verify will help lower your insurance bill.
If your child gets good grades, particularly if your child is on the honor roll at school, you can ask for a better rate.
Insurance companies assume that if your child is getting good grades, they are more responsible and probably spend more time studying - and therefore less time driving - than their non-honor roll classmates.
Make sure that your child drives a car appropriate for their skills.
In other words, buying your child a high-performance car with lots of horsepower is just an invitation for them to have an accident or get speeding tickets.
A generic family sedan is a better choice.
Although it may not be considered a cool car by your child or their friends, it will give you peace of mind knowing your child is safe and it will save you a bundle on insurance premiums.
Don't forget to talk to your car insurance company.
Ask them if there are any other steps you can take.
Are there additional discounts they may offer? Certainly a multi-car discount will be available to you if both you and your child's car are covered under the same policy.
Remember if you don't get what you consider to be a fair rate, another insurance agency is just a phone call or a mouse click away.
When compared to the insurance rates adults are charged, the rates for teens seem completely out of line.
While it may seem this way, the simple fact is that because teens are new at driving, they will most likely be involved in some minor accident while learning to handle a car.
The insurance companies know this and charge higher rates to compensate.
However, armed with a little knowledge, you can work to get the best rates for your child.
One way to get the best rate on insurance for your teen is to enroll them in a driver's education class.
Many high schools offer a class and some states even require that teens take a driver's education class.
Education in the classroom and with an experienced driving instructor is the best way to make sure teens know the rules of the road and drive safely.
If your school does not offer training classes, consider hiring a private instructor for your child.
Any training that the insurance company can verify will help lower your insurance bill.
If your child gets good grades, particularly if your child is on the honor roll at school, you can ask for a better rate.
Insurance companies assume that if your child is getting good grades, they are more responsible and probably spend more time studying - and therefore less time driving - than their non-honor roll classmates.
Make sure that your child drives a car appropriate for their skills.
In other words, buying your child a high-performance car with lots of horsepower is just an invitation for them to have an accident or get speeding tickets.
A generic family sedan is a better choice.
Although it may not be considered a cool car by your child or their friends, it will give you peace of mind knowing your child is safe and it will save you a bundle on insurance premiums.
Don't forget to talk to your car insurance company.
Ask them if there are any other steps you can take.
Are there additional discounts they may offer? Certainly a multi-car discount will be available to you if both you and your child's car are covered under the same policy.
Remember if you don't get what you consider to be a fair rate, another insurance agency is just a phone call or a mouse click away.