19 model Teen Drivers And Auto Insurance

hello. I'm Tom Fox And Welcome To Personal Finance 120 Information For Managing Your Financial Life In Less Than Two Minutes Every Parent Is Mixed Emotions About Their Child Entering Adulthood Ruth Early Parts Excited And Terrified When Item In Particular We All Struggled With Is When Our Teenager Is Ready For The Most Important Rite Of Passage Giving The Driver's License The Prospect Of Your Son Or Daughter Behind The Wheel Can Fill You With A Tremendous Amount Of Pride, But Also Create A Fair Amount Of Nervousness Especially When You Consider Auto Insurance It's No Secret That Inexperienced Drivers Are Considered A Huge Risk For Insurers For Instance A New Report From Insurance Quotes Confines That On Average A Married Couple Will Pay Eighty Four Percent More For Car Insurance When Adding Eighteen Of Their Policy Parents Of Male Teenagers Pay An Average Ninety Six Percent More On Car Insurance Versus Seventy Two Percent Higher Coverage For Female Teens Decks Mind These Are Estimates And Insurance Is Regulated At A State Level Making Different Factors Impact Teen Driver Coverage Rates As Expensive As That Sounds There Are Some Things You Can Do To Help Offset The Cost Of Insurance Perhaps The Easiest Thing To Do Is To Wait To Ensure Your Child Until They Are 17 Or 18 As Drivers Age 16 Or More Expensive Than Shore There Are Also Discounts For Kids Who Excel In Their Studies Students Aged 16 To 24 Who Maintain At Least A B Average Can Save As Much As Twenty Five Percent On Premiums Also Encourage Your Teenager To Take A Defensive Driving Course Which Can Put The Cost Of Insurance By Ten Percent Even With These Cost-saving Measures We Encourage You To Shop Around And Compare Policy Cause Not All Insurers Are Created Equal And Coverage Differs.

So, Make Sure You're Comparing Apples To Apples Note Of Caution Don't Skip On Coverage To Save Big On Premiums Accidents Happen And You Want To Be Sure That You And Your Family Are Adequately Protected Filing To Encourage Ownership Over The Privilege Of Driving Have Your Son Indoda Contribute To Paying The Premium They Don't Have To Pay A Lot, But Even A Little Bit Instills Responsibility And Help You Save Money Until Next Time. I'm Tom Fox For Cambridge Credit Count You You.

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