How To Get The Most Out Of Your Family Car Insurance
Having a teenager turn sixteen is one of the scariest times for parents
. A sixteen year old gains more independence emotionally and physically. Getting a drivers license makes parents cringe in more ways than one; one of the reasons being the huge increase in family insurance having a teenager behind the wheel can create.
Family insurance with a teenager on it isnt as bad for some as they think it will be. There are easy ways to get the most out of your family insurance plan by utilizing a few basic steps to keep your premiums down.
1.Keep all your insurances with the same company
Ian Ross of Plainview, NY didnt see his premiums rise much at all when his daughter received her license because he had all his insurance packages under State Farm. Home, car and liability insurances were under one company.
2.Stay with your family insurance plan
Family insurance companies will give better benefits and discounts with long standing customers. The more trust you show in them (by insuring more items and insuring more people) the better benefits they will give you when the time comes to insure someone else (like a new driver). Also, they will have consolidated bills so you dont get slammed in one random month.
3.Encourage better grades
When students get good grades their premiums go down. Also, it helps younger siblings realize that, theyll have a better shot at getting a car if they have better grades it since it will be easier on mom and dad when getting a family insurance quote.
4.Get your kids a safer car
Pairing a young driver with a safe car also helps premiums go down. To see a list of cars and their ratings, go to www.carsafety.org.
5.When the kids go off to college, tell the insurance company
When going off to college, many universities do not allow freshmen to have cars on campus. Even the ones that do have a low rate of freshmen drivers. Therefore, it is advisable to leave the car at home. Letting the insurance companies know this will decrease your family insurance premium while still having the child covered when they come back on breaks.
Log on http://www.familyfinancesource.com to know more about family insurance plan!!