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Getting Cheap Auto Insurance for Your Son

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Getting Cheap Auto Insurance for Your Son

Picture it… 2006 Your teenage son has just obtained his drivers license and you as a parent are now faced with the task of finding cheap auto insurance to cover him and protect you both.

Insurance premiums can vary dramatically. Keep reading to find how to you can find a good cheap auto insurance policy.

Let’s face it. At this age, your teenager hasn’t had the experience necessary for insurance companies to consider them anything but a high risk. But there are a few things you can do to find good cheap insurance and help keep your premiums down.

Knowledge is power. And it’s our responsibility as parents to pass on this knowledge to our children.

Driver Safety
The first and most important thing you as a parent need to stress to your newly licensed teenager is the importance of safety. Lack of safety is the cause of too many unnecessary deaths in the United States and other countries every year.

If you can’t impart this information to them, send them to a driving school where they can learn from professionals. Most highschools offer their students a drivers education class.

Clean Driving Record
Your teenagers driving record will have a direct impact on the cost of your insurance premiums. With no violations or accidents, the premiums will decrease over time.

Type of Vehicle
If your teenager wants a 2 door red sport about, be prepared to pay a hefty increase in premiums. Cars with 2 doors are considered sports cars and stastics show us that red cars are involved in more accidents than any other color. Cheap auto insurance may not be an option for you with this choices.

Safety Features
Choose a vehicle that is rich in safety features and well built to help reduce your costs.

Deductables
You can also reduce your rates by selecting a higher deductable. Generally the higher the deductable, the lower the monthly premium.

Discounts
When you’re searching for cheap auto insurance and getting quotes from various companies, find out what discounts are available for things like, multiple car policies, drivers education credits, defensive driving coarses completed and clean driving records. The competition in the automobile insurance industry is fierce. Some companies are willing to offer bigger discounts than others.

Finding Cheap Auto Insurance Online
The easiest way to zero in on a company who offers cheap auto insurance is to get quotes from more than one company and compare their offers. Esurance.com and Insurance.com are two great places to do this.

Finding cheap online auto insurance

Automobile car insurance is something that we all need and should comm and careful consideration. When in the market for auto insurance coverage, and with so many car insurance companies to choose from, it can be a bit confusing when trying to decide on the best and most affordable coverage for your vehicle. With the convenience of the internet, finding all the information required to get the best deals and rates can easily be accomplished online.

Finding a reputable auto car insurance company is a job within itself, and like buying a home, it is imperative you clearly underst and what you are getting. When in search of cheaper car insurance rates you should take into account all the factors that can affect your car insurance premiums. So before you sign on the dotted line, read the fine print of Automobile Insurance Policy to insure you are getting the necessary coverage to protect yourself. It happens time and time again, when the car owner gets into an accident or fender bender, the coverage they thought they were paying for is not part of their policy which can lead to out-of-pocket expenses.

Get several car insurance quotes

Some key factors when shopping for cheap car insurance is to first make sure you get at least three or four quotes since the price you pay for your car insurance can vary by hundreds of dollars. Finding cheaper insurance rates depends on your previous driving records, to include any type of infraction such as speeding, seat belt and auto accidents. Age, gender and the type of car you are seeking auto insurance coverage on including the age of the vehicle, will clearly be critical factors in determining your annual car premiums.

It is equally important to find a car insurance company that can answer any questions you may have and how quickly they h andle claims fairly and efficiently. Once you decide on a quote you are satisfied with, before agreeing to anything check with your state insurance department about the company’s history. Finding out the financial well-being of an insurable institution and the number ratio of consumer complaints, could avoid headaches or any future regrets.

Learn the facts about car insurance

Some other ways of saving money is to ask your insurance broker or agent for a higher deductible. The deductive is the amount of money you pay before the insurance company pays out on your claim. The purpose of requesting a higher deductible can lower your auto rates substantially. When you increase the deductible from $500 to $1,000 you can potentially save you over 40% on your car insurance rates simply because the insurance company will pay out less for your claim. However, if you know that you can not pay out the higher deductible should something happen to your car in the instance of an accident, and then it is best to remain at a lower deductible.

When figuring out the appropriate insurance coverage for your car, take into account the age of the car. This could also influence your auto premium, for example you may want to consider excluding the collision or comprehensive coverage on an older car. It is not cost saving to yourself when you continue to pay full coverage on a car worth less than amount you pay for your insurance coverage. If the car has a market value of $2,000 or less, you would not want to pay more in premiums since you will never get back what you are paying out.

You can easily find out the current market value of your car in order to find out what coverage you will require from a number of valued sources such as banks, auto dealerships, or go online and use the search term, “finding the value of your vehicle”. You can find several reputable services such as, www.kbb.com or www.nadaguides.com where all you have to do is type in the applicable information about your car and instantly you will have the market value. As the saying goes, an educated consumer is a smart consumer, the more you underst and prior to purchasing auto insurance, you will be able to make an informed and valued decision.