3 Ways to Save Costs on Teenager’s Car Insurance
American parents are always scared of the words ‘teenagers’ and ‘license’. This is for the simple reason for this is that they are more likely to be involved in car accidents than any other age group.
According to a recent Forbes study, a female will increase your bill by 67% while a male will increase it by 92%.
Now, before you decide that it costs too much to let your teenager get a license, here are 3 ways by which you can save costs as a result:
#1: Make sure they do their homework
Insurance companies are known to favor kids with good grades as opposed to those who don’t. In fact, a number of studies have shown that kids who do get good grades tend to not get into accidents. This will result as a discount to your family policy. In fact, students with a GPA of 3.0 get a ‘good student discount’.
#2: A Driver’s Ed Course
Almost every state will require people under the age of 18 to get a license. Even then, it’s better for young people to offer discounts to teenage drivers who have successfully completed a driving safety course.
#3: Pick the right car for your teen to drive
Getting a modest car instead of a sports car can ensure that it won’t raise red flags with your insurer. Moreover, they’re cheaper to insure as well. Apart from this, make sure that the vehicle is equipped with features such as airbags and ABS which bring down insurance costs even lower.