Car Insurance For Your Kids

Car insurance is going to be a big deal when it comes time for your kids to start driving. The big deal will be the price. Simply put, it is going to be a lot! Quick - name the riskiest class of drivers on the road. Yes, it would be new drivers. The lack of experience of a new driver means that they are susceptible to making the wrong decision at the wrong time.

The definition of experience, after all, is learning from your mistakes. For new drivers, these mistakes often come in the form of accidents. Insurance companies really dislike risk. The more risk there is with a class of drivers, the higher the premiums that will be charged by the companies. With teens, the risk is much higher. Compared to a senior driver, a teen is three times as likely to get in a crash.

Three times! That alone cranks up the cost of insurance coverage. Your kids are going to start driving sooner or later. When they do, you are going to have to deal with car insurance. Is there any way of cutting down the cost? Fortunately, there is. The key is to go for the discounts offered by the various insurers. When totaled up, they can save you 20 to 30 percent on the premiums. The first discount you should consider is the good grade discount. Most insurers will offer a 5 to 10 percent discount if the kid drivers maintain a certain grade point average. Why? Well, it tends to require the kids to be responsible and focused, two traits which translate to driving.