Cheapest Car Insurance

If you're not wise enough in choosing cheap auto insurance companies, you might lose quite a bundle of your finances instead. This situation can even be more critical especially if you're a first-time driver. On the other hand parents, with teenagers who are very eager to get a license for themselves and drive around town, should seriously consider getting an auto insurance and in making sure that these policies can provide coverage to your young drivers. Studies have claimed that to date, teenagers continue to cause a spike in claim rates.

The youngster's accident rate were even found out to be ten times higher as compared to the older and more experienced drivers. Given such a high risk, the quotes for auto insurance rise up as well. In some cases, the premium even doubles but the good news is that there will always be ways to lighten your pocket and to soften the blow.

1. Kind of vehicle – How do you get a lower premium? Bear in mind that insurance companies frown on fast and expensive sports cars especially if it is being driven by a teenager. If you choose a heavier and older car, your premium will be lowered. Given this, secure a list of the no-no wheels from your insurer.

2. The importance of driving history – As parents, it is our responsibility to explain to our young drivers that their driving history is just as important as their credit history. A black mark, regardless of shape or form, can easily be taken against him. As much as possible, avoid claiming for small mishaps. Make your kids understand that speeding tickets are a big bad mark in their driving history. If your kids pass a driving course at a reputable school, your insurer can take this as a sign of lesser risk. Other parents consider enrolling their kids in a Defensive Driver Program. This will enable your son or daughter to qualify for a cheap auto insurance. Aside from that, this will also equip both of you to lessen the risks of rear-end mishaps while at the same time, teaching your teenager the proper usage of emergency break procedure, safe driving in foul weather and the like.