Does Your Kid Qualify For A Student Discount For Car Insurance?
Does Your Kid Qualify For A Student Discount For Car Insurance
?Most parents eventually find out that insuring young drivers is a major expense. The minute they add their new teenage driver to their auto policy, they can almost count on their rates to go through the roof. Qualifying for a student discount for car insurance is the best way to bring the cost down but the young driver has to be a good student.
Unfortunately, because young drivers represent the largest risk to insurance companies, their rates are extremely high. They lack the wisdom to handle the unexpected that comes from years of experience and they are easily distracted. The excitement of finally being in the driver's seat coupled with fun friends and these days - cell phones can make for a deadly mix.
Simply put, teenage drivers are statistically more reckless, get into more collisions, are more of a liability. They cost insurance companies far more than any other group of drivers and therefore must pay higher premiums than any other group. It may seem unfair to be painted with the "stereotypical brush" but, all new young drivers will have to prove themselves worthy of cheaper car insurance.
In short, parents can't avoid paying the higher rates to insure their teens behind the wheel, but they can keep the price as low as possible by encouraging them to be responsible adults and to excel in school.
Many car insurance companies reward teen drivers who maintain an A - B average in all of their classes. They feel that taking school seriously implies that they are responsible individuals and will approach driving with the same attitude.
The same goes for completing a driver's education course. Passing a safe driving course also indicates that students take their driving seriously.
Keep in mind that discounts on insurance are not mandatory. They are granted at the discretion of the individual insurance companies and are determined on a case to case basis. However, if you child is a full-time high school or college student, between the ages of 16 and 24 with at least a B average or a 3.0 GPA (Honor Roll or Dean's List - even better!) - you need to ask your agent about getting a discount on their insurance.
These are basic guidelines only. The qualifications for a student discount on car insurance may vary depending on the state you live in and the provider that you use so talk with your insurance agent for clarification. It is always wise to shop around. Compare quotes from at least three different companies. You may find out that your current insurance carrier does not have the best deal. Can You Trust Car Insurance Reviews? Automobiles Influence on Daily Life Instant car insurance quotes Auto Seat Covers - Right Choice To Protect Your Seats How to lower your auto insurance premiums Auto Body Shops In Edmonton Cheap Auto Insurance Quotes: A Good Way To Save Money About Flexi Forklift Trucks, Flexi Forklifts and Fork Lift Truck Hire Auto Insurance In Nashville ' Coverage Options Mahindra Trucks The Revolution Of Clean Diesel Forex Auto Money Heavy Duty Fun For Little Hands With Toy Trucks and Trailers Don't Pay So Much for Used Auto Insurance