By financen | August 5, 2010 - 3:18 pm - Posted in Auto insurance

Your son just showed you his new license and you can sense that feeling of freedom in him. Now, you will be searching for cheap auto insurance for him. There are a variety of car insurances with different prices. You should understand the terms and conditions of each car insurance agreement so that you can make the right choice.

Most of the teens who just got their license are considered to be inexperienced drivers and therefore they are a high risk to the insurance company. The premiums set on these insurances are higher than an adult insurance. There are ways to find cheap car insurance for your son.

First you need to talk to your son and make them understand that it is very important to have a clean driving record. They need to drive safely on the road – no speeding tickets, no traffic violations, and no accidents. If you can teach this important lesson to your children, then their safe driving techniques will be rewarded with lower premiums.

Insurance rates can also be reduced by purchasing it with a higher deductible. Premiums rates will go down if the deductibles are higher.

You need to make sure that your son buys a car that has extra safety features in the car, so that you don’t have to pay high premiums because the car falls into the category of higher risk rating class.

The graduating licensing laws come into effect in almost all states in the US and some provinces in Canada. The rules in each location might vary a little but the objective is to restrict new drivers by limiting what their license will allow them to do.

They may be issued a full auto license such as a class 5 but there is usually a letter designation behind it to indicate they are a new driver. These new drivers have nighttime driving restrictions, vehicle occupant restrictions, and a 0 alcohol tolerance restriction to name just a few. They will also be required to take an additional test after a specific period of time to remove them from the new driver programmer.

You might still be thinking where to find cheap car insurance for your son? One option is to buy a stand alone policy from an agency that specializes in providing teen insurance. This policy means that they are not added as an additional driver on your insurance but rather they carry their own insurance.

In order to reduce the costs, the insurance company will place certain concessions on the driving habits of them. Certain rules are implemented like they need to attend a driving school first, no driving after dark, and a variety of other restrictions imposed so that the premiums can be kept lower.

You should be able to minimize the insurance costs by providing the correct lessons on responsibility on the road. They should be able to win your trust before they start driving on the road. Your son/daughter should also realize that s/he should bear at least half of the costs of the premiums if not the full amount. They may earn some money by doing a part time job so that they can pay the premiums on their own and this will breed more responsibility and maturity.

This entry was posted on Thursday, August 5th, 2010 at 3:18 pm and is filed under Auto insurance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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