Do you have a teenage driver? Or are you sweating about the thought of your tween driving in a year or so? Back to school time is a great opportunity to think about car insurance savings!
Having a teenage driver can be stressful enough without even adding in the cost. You worry, first and foremost, about their safety. And then of course there are a lot of costs! Things like purchasing an additional vehicle, getting licensed, and paying more for insurance.
Fortunately, when it comes to the insurance, it doesn’t have to be as detrimental as you think. You have options.
First you want to think about the vehicle your teen will be driving. Premiums are higher on vehicles with comprehensive and collision coverage, which pays to fix your vehicle after an accident. When you have a car that has only liability insurance (which pays only for damage your driver does to someone else’s car), you pay a lot less.
If you are purchasing a car for your teen and need to watch your budget, consider buying an older reliable model for cash that will not require comprehensive and collision coverage. Not a hoopdie, but a car that you can feel safe with your child behind the wheel while not breaking the bank. If you are thinking about one car or the other, call us. We can help you weigh the cost and the risk to see if it is a good option for you.
You also want to take advantage of all available discounts. These vary by policy but typically include a discount for driver's ed and one for having good grades. With school about to start, it's a great time to setup an incentive plan with your teenager to make sure they keep those grades up and your premiums low! Most policies will give you an additional 10% off for a B or above average and driver’s ed can be up to 20%. On top of these if your child also takes an accident prevention course, this can be an additional discount as well. They can take the course online now as well at www.HVDDonline.com
Still have questions? Call us to review your current policy and look for ways to help you manage the cost of having a teenage driver. 888-565-2212 or visit us online at www.bryanagency.com
At the Bryan Insurance Agency we are the leading local agent in New Windsor, Long Island, and New York for teenage drivers and car insurance.