Parents always wonder about how much there teen’s coverage is going to cost, well, there is really no way to get those prices down. Premiums could rise by two to three thousand dollars a year. Why so high? Well your young drive has an extremely good chance of getting in an accident before they turn 21 and the companies that offer coverage know this, and in return raise prices.
Even if you cant lower the premiums you can prevent them from going up by making sure you child is a good drive, if they don’t get in to any accidents then your premiums will stay steady until the insurance companies lower the prices.
You can make your son or daughter a better driver by setting a good example and being a responsible drive yourself, although they are not going to lower your premium considerably here are a few things that can give a discount.
-Avoid buying you young driver a sports car, the premium on these cars are outrageous.
-Ask your teen to help pay for part of the premiums, your teen will not be able to pay for all the insurance fees but they can help a little.
-Help you student get good grades, students with a 3.0 GPA actually get discounts, up to 10 percent in some cases.
Follows these guidelines and you will save a little bit of money. Paying for your kid’s car insurance is one of the many expenses that a lot of parents dread but have no fear, once they turn 21 the premiums drop considerably.