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Properly Insuring Your Teenage Drivers

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Contributing Leavitt Group Authors: Rhonda Gimler, Megan Varela, Yessy Arroyos, Mary Kay Hale

Adding a teenage driver for your vehicle insurance policy may well be a daunting thought, especially when you are considering the extra price of an adolescent driver. However, you’ll find methods to properly insure many of the drivers as part of your household while your insurance premiums within budget. This content includes a reason of numerous discount options widely available, and also insurance pricing considerations.

Discount Options

Good Student Discount

The “good student” discount requires a minimum GPA of three.0. This can be a win-win for people and kids since it provides an incentive with the teenage driver to keep a better GPA but it provides parents a cost break on the insurance premium.

Driving Record and Claims History

A good driving history and claims history is very important to insurance carriers since these factors help determine the driver’s risk profile. Drivers with numerous driving violations and/or who definitely have filed your claim resulting from an accident (risky profile) will pay a higher insurance premium. Drivers with a capable record and claims history (safe profile) can be eligible for a rebate on his or her insurance premium. Investing the time to show your young driver good driving habits and setting one example when you’re with the wheel pays off in lower premiums covering the long run. For driving safety tips, visit https://news.leavitt.com/personal/top-ten-distracted-driving-points/.

Other Discount Options

There are many other discount solutions, dependant upon your insurance broker. These can include reduced premiums for customer loyalty (including bundling your house and auto policies with similar insurance provider), multi-car, homeowner, vehicle usage or low miles driven, learning defensive driving, vehicle security measures (anti-lock brakes, anti-theft features, new car, etc.), auto-payment plans, and paperless billing. The decision insurance agent to uncover what discount option is for your requirements.

Pricing Considerations

Credit Score

Insurance companies may look at credit history when managing your insurance premium

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