subject: 8 Ways To Cut Insurance Cost For Teen Drivers [print this page] Here's more timely information you can use to save money...from the Raleigh Real Estate team of Rick Freeman and Amy Davis at Allen Tate in the Triangle.
8 Ways To Cut Insurance Cost For Teen Drivers
---Raise your comprehensive and collision deductibles to at least $1,000, which lowers your premiums and prevents you from filing small claims that could jeopardize a claims-free discount.
---Drop collision and comprehensive coverage entirely on older cars that are worth little more than the deductible.
---Get a safe car. Having your child drive a safe car will help you sleep easier and keep your auto insurance rates under control, too.
---Encourage your children to get good grades. Most insurers offer a big discount for young drivers who maintain at least a B average in high school or college.
---Tell your insurer if your child goes away to college. If your child goes to school more than 100 miles away and doesnt take a car, you can usually get a big break on your premiums but still have coverage when he or she comes home for vacation.
---Ask about other discounts for teenage drivers. Some insurers offer discounts for driver-safety programs, cutting costs if the children take a special class, watch a DVD, or read a driver-safety book and take a test.
---Make the most of multi-policy discounts. Youll usually get a break on your auto insurance and your homeowners insurance if you keep both policies with the same company.
---Shop around. Some insurers offer much better deals than others for teenage drivers, so its important to compare costs.
The Freeman/Davis Home Team can save you money in a number of ways, including your insurance when we introduce you to our insurance partner Meredith Owen with Allen Tate Insurance.
When the time is right for you to consider a real estate sale or purchase, visit our website. For wonderful opportunities on Raleigh Homes for sale, visit www.HomeSearchRALEIGH.com.
by: Rick Freeman
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