Got a newly licensed driver on your hands? Make sure you capitalize on these smart ways to save on your auto coverage.
Now that your teen is officially legal to drive, it’s important that they have the right auto insurance to keep them safe on the road. For most parents, this means adding their teen to their family’s car insurance policy. If your teen has their own car, you will have to add their vehicle to your policy as well. All these policy changes will inevitably lead to an increase in your insurance rates. However, there are steps you can take to keep these increases at a minimum. Here are four of the things you can do to save on your teen driver’s auto insurance.
- Good Student Discounts
Almost every auto insurance provider offers discounts for good student drivers. So long as your child keeps their grade point average above a certain threshold (usually 3.0 or higher), you will be able to unlock special discounts on their car coverage. Additionally, these discounts are not just limited to high school students. College students under the age of 26 can often take advantage of good student discounts as well.
- Safe Driving Discounts
Many insurers also offer discounts for drivers who demonstrate their competency on the road. The longer your family goes without getting into an accident, the more you will save on your insurance premiums.
- Safe Car Discounts
If your teen is shopping for a new car, selecting the right vehicle can also unlock special discounts on their insurance. For instance, choosing a car that comes equipped with safety features such as a backup camera and crash-avoidance technology will give you access to lower insurance rates. The safer your teen’s car is, the less likely they are to get into an accident. This reduced risk will translate into more affordable insurance costs.
- Multi-Car Discounts
Finally, many insurers will offer discounts for policies that have more than one car to cover. These discounts remove some of the financial pressure that comes from adding your teen’s car to your policy.
These are some of the ways that you can save on your teen driver’s auto insurance. Do you have additional questions regarding your child’s car coverage? Contact the experts at John Scott Insurance for assistance today.