Listen Up Kids! Easy Tips To Save Money For Young Drivers






Teen With LaptopYoung drivers are always going to have higher insurance rates than older drivers, for many reasons, including inexperience and exuberance behind the wheel.

But there are ways that young drivers can help to lower their insurance rates and minimize the financial impact.

Young students should be aware that high marks in school can equal lower financial responsibilities where auto insurance is concerned.

  1. A student that shows a high grade point average is considered to be more mature and show more responsibility, so is therefore less likely to cause roadway accidents.
  2. Their insurance rate is lower not only in respect to their show of responsibility, but also as an additional reward and incentive to do well in school.

The next way is to simply drive safely, pay attention to the speed limits and do not act in a frivolous manner when behind the wheel.

Any traffic citations or violations on a young driver’s record will drive up the insurance premiums, even if they do have a higher grade point average.

Requiring the student to pay a portion of their insurance will add to their awareness of cost and give them cause to drive responsively in order to minimize the insurance effect on their wallet.

The car the student drives will drastically affect the insurance rate, being a new driver, he or she should not have a car with high horsepower as these cars seem to just beg the young driver to drive irresponsibly.




What You Need To Know About Purchasing Car Insurance Online






Money Under the MouseIn today’s marketplace, the internet is becoming the root of all business. Car insurance can be purchased completely online also and really only takes a very short period of time, however you still need to know what you’re dealing with in that venue.

You will need to be very familiar with what type and quantity of insurance you need as you won’t have an insurance agent sitting with you helping you figure out your needs in consideration of your usage.

Don’t:

  • Just get online, pick an insurance company and go with it.
  • Go with an insurance company that shows other company comparisons on their site.

Do:

  • Research and compare different companies before purchasing.
  • Be sure that in your comparisons you are comparing apples to apples and not to oranges.
  • Make sure the policies from each company are the same so the prices are compared fairly.
  • Know what the insurance minimums are for your state, these vary from state to state.
  • Know exactly what type of coverage you need for all the drivers in your household, young drivers can have a strong effect on your insurance premiums.
  • If you have a very good driving record, look for companies that reward that record with lower premiums.

The main advantage to purchasing auto insurance online is that you don’t need to go anywhere to do all of your research and your final purchase, you can do it all from home.




Keeping Your Kids Covered






.Teen With Car
In this difficult economy, it can be difficult keeping all your bills paid, especially the bills for auto insurance on young drivers. Insurance on young drivers is affected by many different things. Some of these things you can change and some you cannot
Because young male drivers are more apt to get into accidents than young female drivers, their insurance rates will be higher. You cannot affect this unless you get your child a sex change, which is more expensive than paying the insurance and it may still not get the rate changed, so this one you will just have to accept.

Some other factors that will affect your insurance premiums are:

  • Age
  • Geographic location
  • Driving records
  • Car make and model
  • Driving distance to work

Do your research before purchasing a car or helping your young driver purchase a car.

To make sure your premiums remain low, make sure that

  • The car is not high on the desirability list for theft
  •  That it is not pricey
  • And that it is not considered a sports car.

The more steps you take in this direction the less your insurance payment will inevitably be. Your young driver can also have a positive effect on the insurance rates by having good grades in school. Good grades are indicative of a person that is mature and willing to take on responsibility. Insurance companies look positively on this and reward the student with lower insurance rates.




Why The Cheapest Option Might Not Be the Best Option






MoneyA lot of people, when they shop for car insurance, automatically look for the cheapest option that they can find. They assume that they can get a great deal by purchasing the thing that costs the least, but it doesn’t always work that way.

Cheap can mean inexpensive, but it can also mean just plain cheap. Inexpensive is good. Cheap generally isn’t. You want the lowest rate for the most coverage when you get car insurance, but you also want to make sure that you get that coverage from a company that will still be there when you need to make a claim. If the company folds, drags it’s feet to pay your claim, or raises your rates for issues that weren’t your fault, that company isn’t the best option for you, no matter how low their initial rate was.

Go with a good quality company that you’ve heard of, and shop around only between companies that are household names and that have been around for a while. Look at things like BBB complaints and other issues. It can take some searching to find which option is right for you when it comes to car insurance, but that option is out there. You just have to be diligent and do your research so you can be sure to get what you’re looking for in a car insurance policy – at the kind of price that’s acceptable to you.




Buying A Used Car? Your Insurance Options






diceIf you’re about to buy a used car, be sure to know what you’re doing when you insure it. The mileage that it has on it will affect what kind of insurance you want to get, and so will the value of the car. If it’s financed, no matter what the price of the vehicle, you’ll have to get full coverage. The finance company or bank that you’re using will require it.

However, if you don’t owe anyone for the car and it’s free and clear on the title, you can only get the minimum coverage required by state law if you want to. For a very inexpensive, older car, that’s usually a great idea. Otherwise, it’s a better idea to get more insurance so that your car will be covered in an accident.

Insurance can also cover fire, theft, and glass breakage, so you’ll have to consider the value of the used car that you purchased and whether it’s a better idea to have that kind of coverage. If the car is at all expensive or it would be a serious hardship to get it fixed or replaced if something should happen to it, more coverage is a good idea. You’ll be much safer that way, and you won’t have to worry so much about what you’d do if there was a problem or how much it would cost.




What Women Need To Know About Auto Insurance






CarIf you’re a woman, you should know that you’re already eligible for cheaper insurance on your vehicle than a man would be. Women are believed to be safer and more reliable drivers. However, that doesn’t mean you’ll be handed a great rate if your driving record is terrible. A lot of companies also check your credit rating, and if it’s bad they’ll offer you a higher rate – or simply refuse to insure you at all.

The main thing that women need to be careful with when it comes to auto insurance, though, is not to get swindled by some fast talking agent. There are plenty of men on the planet who still think that ‘woman’ equals ‘stupid,’ but well-informed women can keep themselves safe from these kinds of predators.

Know your rights, and do some research on your own when it comes to what insurance options you have. Know what your state requires that you have for insurance, and know what the different kinds of insurance are for. That way, when someone tries to sell you insurance that you don’t need, you’ll know you can refuse it. If the agent tells you that you can’t turn it down or it has to be included, move on. Find an agent that’s honest and upfront. There are many of them out there, but sometimes it requires a little bit of searching to locate one.




Getting The Best Rate For Women






Car DriverWomen get cheaper car insurance than men, all other things being equal. It’s been shown in study after study that women are safer drivers overall, but there are always exceptions to the rule. If you’re a woman who’s looking for a great deal on car insurance and you want to get the best rate, make sure that you don’t take the first thing that’s offered to you. It might seem cheap, but that doesn’t mean it’s the best deal. Instead, look around and see what you can find from other companies. Some of them might offer you better coverage for a lower price, and some of them might just be more apt to meet your needs.

In other words, don’t feel as though you have to buy a bunch of coverage that you don’t really need because it ‘comes with the policy.’ No, it doesn’t. The agent just wants to sell it to you. If the insurance company has pre-set policies where you can’t pick and choose most of your coverage options, move on to one that gives you a choice.

You can save a lot of money by eliminating the things that you don’t need and increasing your deductible. Just make sure you have the funds to pay for it in the event that you’re involved in an accident or other incident with your car.




High Risk? You Don’t Have To Pay High Prices






3D MoneyIf you’re a high risk driver, and you find that you’re consistently being asked to pay more for your auto insurance, you should know that you still have some options. You might not be able to get your rates down to those of really safe drivers, but you’ll be able to lower them by shopping around. Because the Internet is such a great tool you should make use of it.

Don’t just go to the first insurance agent that you find and take the first quote that you’re offered. Shop around, ask questions, and see what kinds of things each company or policy can offer you. One might cost a bit more but give you great coverage. Another one might be lower priced but not offer you what you need.

You can also save money by avoiding add-ons like rental car coverage. Most people don’t need these extras, and they all cost money every month. Even when you know you’re high risk, be upfront about it with the insurance company you’re getting a quote from. Ask them if they insure high risk drivers, what their criteria are, and what kind of rates they have. Depending on what qualifies you as high risk, you might have that status with one company and not with another, so it’s worth checking around to make sure that you’re getting the lowest rate for the best coverage.




Are You A High Risk Driver?






Car wreckKnowing whether you’re a high risk driver can be important, especially when you’re shopping for auto insurance. You don’t want any nasty surprises, and if you’re aware of your high risk status the prices you’re quoted when you shop for auto insurance won’t come as too much of a shock for you.

High risk drivers include teenagers, because they lack the experience that is really needed to be as safe as possible in every driving situation. Another high risk group, in the eyes of some insurance companies, is the elderly. A lot of companies think that the reflexes and eyesight of this group aren’t as good, so they brand them as high risk.

For people who fall between these age groups, there are specific things that make a person high risk. One of these is divorce, and divorced people’s rates are higher. Other issues that can raise rates are certain medical conditions like epilepsy, past tickets and accidents, and alcohol or substance abuse. If you have a poor driving record from the past, insurance companies are going to assume that you’ll continue that behavior in the future, and that makes you high risk. Past suspension or revocation of license is a problem for most insurance companies, as well. That doesn’t mean you can’t get insurance, but you can generally expect to have a harder time finding it and you can also expect to pay more for it.




Is Group Insurance Right For You?






Night TrafficGroup insurance was previously something that you only heard about when it came to health care, but now it’s also being seen in auto insurance circles. Group insurance can be everything from having all of the vehicles in one household covered under one policy to a business offering group auto insurance to all of its employees as an incentive to remain with the company. It’s a perk because it makes things less expensive, and most employees are very interested in what a company can offer them that will augment their current salary and benefit package.

If you have multiple drivers in one house, group auto insurance is also a good deal for them, since it lets everyone get coverage for a price that’s lower than they would get individually.

Sometimes the cars all have to be in one family member’s name, but some companies don’t require that, as long as the people who own the cars are related and live at the same address. Group insurance might not be right for everyone, but it’s definitely worth checking into it so that you can find the best rates and best deal for your specific situation. There are as many situations as there are cars out there, so check around until you locate what works best for you. During that exploration, check out the option of group insurance – it may be well worth it.

If you have an existing health insurance policy, you can remove medical payments from your car insurance. Medical payments provide low cost health insurance coverage for those who do not have health insurance and pay for all medical expenses and payments resulting from car accidents.