Driver’s Education Will Help Save You Money
It’s the age that most parents look forward to and dread at the same time. Your child is nearing the age where they can learn to drive. You’re looking forward to it because that means there’s another driver in the house, but you’re dreading it because you know your auto insurance is going to jump. Did you know having your child take driver’s education will help save you money?
If you’ve already started to look at insurance for when your teenager learns to drive, you may have noticed that your premiums will rise dramatically when you add a teenage driver to the policy. Here’s how you can combat those rising costs and how driver’s education classes can make a difference.
In most states, any teenage student who takes driver’s education classes can expect to earn their parents a 5% to 15% discount. Obviously, taking driver’s ed while in high school doesn’t guarantee your teen will remain accident free. You can hope this is the case, however.
Teenage students who have taken driver’s ed and keep their grade point average high may also earn another discount. In fact, some car insurance companies will give a 10% to 25% discount for maintaining a straight-A.
Another way to earn possible reductions in your car insurance is to restrict how often your teenager is allowed to drive without your or another adult present. You may have heard this called a “graduating license requirements.” This would require an adult to drive with the teenager for several months or at least 50 hours of adult supervision while the teen driver completes up to 50 hours of driving.
You may be able to save even more money if you compare several insurance companies and choose the company that provides the best price. You may find that remaining loyal to the same insurance company isn’t the best decision once you add a teenager to the policy.
If you buy an additional car for your teen to drive, don’t buy a sports car. This will make your insurance rates increase. Instead of the sporty car that your teen might prefer, get them a sedan that insurance companies deem to be a safer car.
Encourage your teen to leave the cell phone off while driving so they won’t be tempted to talk and drive at the same time. This has been proven to be a dangerous combination. You may also limit the number of friends they can transport at one time. Both of these are considered to be risky activities.
Driver’s education will help you save money when your teenager receives their license and starts driving. There are other ways, as indicated above, that will also help lower your insurance rates. Use whichever tips will be most beneficial for your family and then ask your insurance agent if there are other factors that may help.