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Started By
Message
Auto Insurance for teen drivers - Any tips?
Posted on 11/22/16 at 10:16 pm
Posted on 11/22/16 at 10:16 pm
OT'ers with teens driving, are there any tips you can offer to keep the astronomical cost of auto insurance low for them?
I've heard you can list their DL at an address other than your home, and somehow that drops the rate, but I'm not sure that works.
Any other tips?
I've heard you can list their DL at an address other than your home, and somehow that drops the rate, but I'm not sure that works.
Any other tips?
14
Posted on 11/22/16 at 10:17 pm to Lakefront-Tiger
Make sure they have good grades.
Posted on 11/22/16 at 10:21 pm to Lakefront-Tiger
They're gonna get in a wreck. Insurance is gonna be high.
Posted on 11/22/16 at 10:22 pm to BRgetthenet
That helps a little, but not much.
To the OP, it's very expensive. The only way to avoid that is to create insurance fraud, like you mentioned (lots of people go this route). Are you willing to take that gamble, especially with your kids?
To the OP, it's very expensive. The only way to avoid that is to create insurance fraud, like you mentioned (lots of people go this route). Are you willing to take that gamble, especially with your kids?
Posted on 11/22/16 at 10:23 pm to Lakefront-Tiger
You mean have a different address on their license ?
This post was edited on 11/22/16 at 10:24 pm
Posted on 11/22/16 at 10:36 pm to CaptainsWafer
Found out some large insurance companies don't want that business so charge ridiculous amounts. Just switched home and auto and only going up $50. Other companies quote had $700 increase per mth.
Posted on 11/22/16 at 10:37 pm to Lakefront-Tiger
I'd recommend not committing insurance fraud.
Posted on 11/22/16 at 10:41 pm to Lakefront-Tiger
Good grades and be very selective about what they drive. The type of car makes a huge difference. Look for the highest safety ratings. 4 cylinder engine. No sports or muscle cars.
Posted on 11/22/16 at 10:47 pm to Lakefront-Tiger
Lube. Lots and lots.
Posted on 11/22/16 at 10:49 pm to Lakefront-Tiger
Agent once told me they assume 100% of 16 year old girls will get in a wreck. Rates are reflected accordingly
Posted on 11/22/16 at 11:03 pm to Lakefront-Tiger
Good grades
Tell insurer they work or go to school within 3-5 miles of their residence
Begin building a good credit score
No high performance cars
No red car
Package it with other policies with same insurer
Shop around
Tell them to put their phone in the fricking glove compartment before starting the car
Tell insurer they work or go to school within 3-5 miles of their residence
Begin building a good credit score
No high performance cars
No red car
Package it with other policies with same insurer
Shop around
Tell them to put their phone in the fricking glove compartment before starting the car
This post was edited on 11/22/16 at 11:04 pm
Posted on 11/22/16 at 11:11 pm to Lakefront-Tiger
Unless the kid actually lives at a different address, dont use a fake address for them....insurance fraud and could lead to claim being denied if they get in a wreck because of you giving insurer false information on kid's actual address
Get the kid an older car to drive with no lienholder so you can carry liability only for the kid's car...and no sports cars. Good grades usually earn a discount
Get the kid an older car to drive with no lienholder so you can carry liability only for the kid's car...and no sports cars. Good grades usually earn a discount
Posted on 11/22/16 at 11:33 pm to Lakefront-Tiger
Buy a cheap car and only carry liability coverage. The comp and collision coverage is what really drives up the price.
Make sure they have good grades and maintain a clean record.
Ask the insurer if they have any programs to bring the cost down for young drivers.
Shop around. Some companies don't really want youthful drivers so they make the rates really high.
Make sure they have good grades and maintain a clean record.
Ask the insurer if they have any programs to bring the cost down for young drivers.
Shop around. Some companies don't really want youthful drivers so they make the rates really high.
Posted on 11/22/16 at 11:45 pm to Lakefront-Tiger
See above 2 posts. Good advice
Posted on 11/23/16 at 3:17 am to Lakefront-Tiger
Pay the teenager 300.00 per month to not drive.
Posted on 11/23/16 at 4:44 am to Lakefront-Tiger
When I was a teenager I used to turn in a form with my grades and also proof of taking drivers Ed for discounts.
I don't know how much it helped, but it must have been noticeable because my mom gave me the form to have filled out every year.
I don't know how much it helped, but it must have been noticeable because my mom gave me the form to have filled out every year.
Posted on 11/23/16 at 5:11 am to Lakefront-Tiger
With my first teenager, I got my best deal letting State Farm bundle home and auto. Ended up costing another $64 a month.
The second one was away at boarding school and not being a resident of the house except for holidays, didn't add too much more.
The second one was away at boarding school and not being a resident of the house except for holidays, didn't add too much more.
Posted on 11/23/16 at 5:41 am to LSUwag
quote:
Good grades and be very selective about what they drive. The type of car makes a huge difference. Look for the highest safety ratings. 4 cylinder engine. No sports or muscle cars.
This and my prays are with the OP. Been there and done that.
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