If you have a teenager who is driving then you would feel the need to have teen auto insurance coverage for them. The most important risk is making your teen auto insurance which costs up to over $2000 on average a year.
Some of the common mistakes to avoid are:
(1) Let your kid get bad grades: A good student discount takes as much as 10-15% off the price of your car insurance policy. Some parents pay up for making their children achieve a B grade average or better discount making your children paying instead of you.
(2) Buy a new car for your child: Buy a new car for your teen would end up paying more costs for auto insurance. Instead one should find a safe, used car and save on car payments & insurance.
(3) Skip in-car driver training with your kid: Never skip-in car driving. Let that be done by driving school. No matter what a particular state is requiring, the more time you spend on car teaching to a driver the better it would be to avoid accidents.
(4) Don’t set a curfew: Always try to set a limit for the teenagers who are driving. Even if state laws don’t have it maintain a speed limit with them. Average statistics have revealed that car driving deaths dramatically increase between 9 am to 6 pm.
(5) Don’t worry about packaging car with friends & distractions: The major cause of teen drivers accidents is driver distractions from a car full of friends. This gets worse with loud music, taking pictures with a cell phone etc.
(6) Speed, drink & don’t wear seat belts: Making them realize that the speed and drink law is optional will evoke them to do so. If even once your teen driver gets a ticket restrict the access to car to him. If something serious happens then take away the license from him.
(7) Lower your deductibles or keep them the same: Keeping low deductibles will ensure that your auto insurance company would pay more in case of accidents. Raising this deductible would save a lot of insurance premium amount. Avoiding taking up collision coverage on your teen’s car can also save money. But just one need to take care of is the repairing in both cases is high, so one needs to calculate the savings before making a switch.
(8) Let your teenager drive a small, old car: If you think that buying a used up car would make your teen drive avoid accidents than you are wrong. If the old, small car is not good enough you would not even avail of safety benefits.
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