It’s the age that most parents look forward to and dread at the same time. Your
child is nearing the age where they can learn to drive. You’re looking forward
to it because that means there’s another driver in the house, but you’re
dreading it because you know your auto insurance is going to jump. Did you know
having your child take driver’s ed will help save you money?
If you’ve already started to look at insurance for when your teenager learns to
drive, you may have noticed that your premiums will rise dramatically when you
add a teenage driver to the policy. Here’s how you can combat those rising costs
and how driver’s ed classes can make a difference.
In most states, any teenage student who takes driver’s ed classes can
expect to earn their parents a 5% to 15% discount. Obviously, taking driver’s ed
while in high school doesn’t guarantee your teen will remain accident free. You
can hope this is the case, however.
Teenage students who have taken driver’s ed and keep their grade point average
high may also earn another discount. In fact, some car insurance companies will
give a 10% to 25% discount for maintaining a straight-A.
Another way to earn possible reductions in your car insurance is to restrict how
often your teenager is allowed to drive without your or another adult present.
You may have heard this called a “graduating license requirements.” This would
require an adult to drive with the teenager for several months or at least 50
hours of adult supervision while the teen driver completes up to 50 hours of
driving.
You may be able to save even more money if you compare several insurance
companies and choose the company that provides the best price. You may find that
remaining loyal to the same insurance company isn’t the best decision once you
add a teenager to the policy.
If you buy an additional car for your teen to drive, don’t buy a sports car.
This will make your insurance rates increase. Instead of the sporty car that
your teen might prefer, get them a sedan that insurance companies deem to be a
safer car.
Encourage your teen to leave the cell phone off while driving so they won’t be
tempted to talk and drive at the same time. This has been proven to be a
dangerous combination. You may also limit the number of friends they can
transport at one time. Both of these are considered to be risky activities.
Driver’s ed will help you save money when your teenager receives their
license and starts driving. There are other ways, as indicated above, that will
also help lower your insurance rates. Use whichever tips will be most beneficial
for your family and then ask your insurance agent if there are other factors
that may help.
Yes, it is possible to understand your teen!
Click to instantly learn how.
Financial Aid Information Site: One-stop shop for anything about college financial aid.
Learn how you can quickly and easily get more Financial Aid without
having to apply for thousands of scholarships!
My Out-Of-Control Teen: On-Line Help for parents with strong-willed, out-of-control teens.
Send Your Child To College Free: Or Close to it! -- A money back guarantee. This is a guide for people who have a low to moderate income to a practically free college
ed, even if you have excessive credit card debt.
The 7 Habits Of Highly Effective Teens : Author Sean Covey applies the timeless principles of the 7 Habits to teens and the tough issues and life-changing decisions they face. In an entertaining style, Covey provides a step-by-step guide to help teens improve self-image, build friendships, resist peer pressure, achieve their goals, get along with their parents, and much more.
Parenting Teens With Love And Logic: "Love and Logic" approach to parenting teens is communicated in this abridged reading which confronts us with the many challenges facing teens and their parents. The essence of this technique teaches parents to allow their children to learn about solving their own problems by setting up choices and consequences.
Chicken Soup For The Teenage Soul: This first batch of Chicken Soup for Teens consists of 101 stories every teenager can relate to and learn from -- without feeling criticized or judged. This edition contains important lessons on the nature of friendship and love, the importance of belief in the future, and the value of respect for oneself and others, and much more.
Instant College Admission Essay Kit : Admission essay/personal statement writing kit with 33 downloadable templates that can save applicants hundreds of dollars.
Additional Resources
Stay
Connected : Solutions By Email
Receive
our free monthly newsletter packed with motivational
thoughts, articles, tips, products and resources to help
you make your family's life healthier and fun. We help
you handle today's tough issues like healthier lifestyles,
child development, ed, self-appreciation and
more.
Receive Monthly Newsletter
