Have a Teen Driver? Learn How to Save Money on their Car Insurance.
Copyright 2005 Debt Management Credit Counseling Corp.
Boca Raton, Fl -- Did you know when parents add their teens to their car insurance policies, premiums can jump from 100 percent to 355 percent even if the teen is driving the family minivan?
There are several different ways to get lower premiums for your teenagers. Many insurance companies offer online tutorials that teenagers can take and if passed, companies will offer substantial discounts. For example, State Farm has an online tutorial called "Steer Clear" and if the new driver passes it, State Farm will give up to a 15 percent discount to first time drivers. Many other insurance companies have similar online programs that offer discounts for teens. Esurance, an online car insurance company, gives discounts every six months for clean driving records.
Yes, a clean driving record means no speeding tickets.
According to Statefarm.com, here are a few insurance tips for teen divers and their parents.
? Call around to different companies and compare prices with discounts that will better suit your needs.
? Be aware that your insurance rates will typically be increased when a new driver is added to the policy. If you are not adding a new vehicle to the plan, it is best to have the teen as a primary driver of one of the family cars.
? Take advantage of student discounts. In most states, students at accredited high schools, colleges and universities can get discounts if they have a grade point average of a B or higher.
? Talk to your teen about safe driving habits and how traffic violations can increase their rates.
? If you are planning to buy a brand new car for your teen, you may want to check which vehicles get the best rates.
? Most Insurance Companies use three different ways to rate cars in terms of damage, safety and liability.
1. The Damage and Theft Index (DTI), rates vehicles on the cost
of payment for damage and theft.
2. The Vehicle Safety Discount (VSD), awards discounts up to 40 percent for car models that generate lower payment for injury to occupants in the vehicle.
3.
The Liability Rating Index (LRI), rates vehicles on the amount of damage and injury it causes to the other vehicle and its occupants.
?Consider getting a Personal Liability Umbrella Policy (PLUP). If you or your teenage driver accidentally injures someone or damages their property, you could be sued. Even though your underlying policies may provide substantial liability limits, it is not uncommon today for juries to award damages that exceed those limits.
There are many different areas insurance companies look into while quoting you a premium for you and your teen. Companies will look at what kind of deductible you want, the kind of car you drive, the areas you drive in, the amount of time you are on the road, your age and sex, your driving record and even your credit history. So if you live in a major metropolitan area with high auto theft rates, chances are your rates will be much higher than a person who lives in the suburbs with low auto theft rates.
Here are other ways to save yourself and your teen some money when buying car insurance.
? Most companies give an Anti-Theft Device Discount for cars that have car alarms and other forms of security.
? If you have ever been convicted of a moving violation or have been an in accident, take Driver Improvement Courses to improve your chances of having a lower rate.
Many of these courses can be taking on the Internet now.
? Teens can get discounts if they complete a Drivers Education course through their school or accredited agencies.
? Vehicles that have airbags, anti-lock brakes, head restraints and day-time head lights can also get you a discount on car insurance.
Everyone knows that car insurance can be really costly, but there are ways to slash the price if you ask about them.
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Many people who reserve a rental car show up to the counter with little thought given to the "what if's" that could result from them driving a car that is not their own. You wouldn't think of driving your own car without coverage, so take a few moments to consider how you will make sure that your rental car is covered. Here are 3 steps to take to ensure you have adequate coverage.
1. When you're calling the rental car company for a quote, find out how much the coverage costs and what it covers. Their rates for insurance/coverage may be higher but they also offer the least hassle, since you may not have to file a claim on your own insurance. Many car rental companies have a couple of options, including buying down the deductible to a hundred dollars (or so, depending on where you live) or even to zero.
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A special car deserves a dedicated car insurance policy that is tailor-made to the customer's precise needs. In the UK, companies offer specialist car insurance policies, which are exclusively planned to cater to all makes of classic cars, including the Austin Healey, Aston Martin, Jaguar and Jenson. Depending on the make of the car, one may select a suitable insurance policy.
Finding reasonably priced classic car insurance in the UK may often be a difficult task. This is attributed to the fact that many key insurance companies do not provide competitive classic car insurance quotes for a valued vehicle.
Irrespective of the purpose of the car, whether for daily commuting, for display at car shows, rallies, track days or club proceedings, the owner needs to appoint a specialist source that recognizes the car's unique requirements.
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Car insurance > UK Classic Car Insurance
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The new change was welcomed not only by the car dealers but also by the car insurance industry as the DVLA also decided to issue new car registrations twice a year instead of once a year.In the past, new registrations were issued on 1st August every year.
Inevitably this caused a major headache for insurance companies as so many people required insurance at this time.
This once a year rush for insurance was compounded by the summer timing when most people, including insurance company employees, go on holiday.
Today, the new registrations are issued in March and September.
This eases the workload for insurance companies and allows them to more easily staff up for the increase in calls.Of course, the old system ran for about 38 years and so there is still a large population of people who require...
New Car Registrations and Car Insurance
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Copyright 2006 Barry Brenner
When buying car insurance, there are many important things to consider. In order to become a smart and savvy car insurance consumer, and get the best rates possible for your policy, you need to understand what insurance companies do, and how to best communicate with them.
Insurance companies are in the business of taking risk. The amount of risk they take to insure you and the rate they will charge you are based on a number of variables. Your driving experience and history, where you live, your age, how many drivers and vehicles are on your policy, what discounts are applicable to you, and numerous other variable are all used to determine the rate or cost for your policy.
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Keeping this problem in mind, insurance companies have made the decision to change the trend of collecting insurance based on the car. Instead, the driver is being considered along with the car.
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Car insurance > Sports Car Insurance
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If you have already subscribed to any auto insurance policy, the policy will definitely cover rental cars. The insurance protection against bodily injury and property damage you enjoy should also come in to play. The rental car insurance offers coverage if the car is stolen, damaged or vandalized. If you don't have an adequate idea about car rental insurance policies, you can always take the help of any experienced rental car insurance experts.
Ask any insurance...
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