|
|
|
NetQuote works with
the nations top insurers.
“I was shocked that I was able to save almost $200 a year with my new company!”
– Evelyn K., New York |
|
|
Money-saving tips for younger drivers' auto insurance
Teens are not always expensive to insure.
Conventional wisdom holds that teenage drivers are expensive additions to the family auto insurance policy, but that's not always the case, as a personal finance columnist writes in the Fort Worth Star-Telegram.
When columnist Teresa McUsic added her teenage son to the family's insurance policy, she actually saw a $200 decrease in the policy's cost.
The discount is due partly to graduated driver licensing (GDL) - required in Texas and some other states - that keeps a teen on permit until a certain age. Not until McUsic's son was 17 did he become a licensed driver, and older teens have lower accident rates, lowering the cost of insurance.
McUsic found further savings when her son took driver's education classes. Because he had a GPA over 3.0, that provided a discount, too.
And the family's insurance agent listed the teen as a nonprimary driver on the oldest car they had. Having more drivers than cars on a policy can result in significant cost savings, said McUsic's agent.
Also, by dropping collision and comprehensive coverage on an older car - recommended when the annual premiums cost more than the car is worth - and raising the deductible, drivers can spend less on auto insurance.
Learn how easy and convenient shopping for auto insurance can be. Get your free auto insurance quotes today!
Posted: Octobor 27, 2009
Related Auto Insurance Articles
- Wisconsin auto insurance rates increase following new law October 27, 2009
- Winter driving can mean more accidents, higher auto insurance October 23, 2009
- Drivers admit to stress behind the wheel, poll says October 22, 2009
- Auto insurance rates decline in California October 22, 2009
- Auto insurance mandates increasing October 20, 2009
- Disconnect exists between drivers and auto insurance, survey says October 20, 2009
- Distracted driving imperils safety, low auto insurance rates October 14, 2009
- Tire safety can prevent accidents, auto insurance claims October 13, 2009
- Devices could help California drivers with better auto insurance rates October 12, 2009
- Basic maintenance goes hand in hand with auto insurance October 9, 2009
|
|
