Florida Teen Auto Insurance - Ways to Save Money

Children and teens are some of the most precious cargo you can put in an automobile, so when your teen starts driving, it is important to ample insurance in place. Although Florida teen auto insurance can certainly be expensive, there are several ways you can save money.

Choose a Safe and Reliable but Older Car

One of the best ways you can save money on your Florida teen auto insurance policy is to choose a car that is absolutely safe and reliable, but one that is older and therefore has a lesser value. This way, you may be able to drop your collision and comprehension coverage completely—especially if the value of the car is little more than the deductible. Besides, an older car is often just as reliable as a new one if it’s been maintained well. You can check safety ratings through various online sources.

Raise Your Comprehension and Collision Deductibles

If you decide to hold onto your comprehension coverage, then you should probably consider at least raising the deductible to $1000. This will take a huge chunk out of your Florida teen auto insurance premiums, and you can always ask your child to put money into an account to pay the deductible if it becomes necessary. This is a great way to keep your teen covered and teach him or her responsibility at the same time.

Encourage Your Child to Get Good Grades

The main reason why Florida teen auto insurance is so expensive has to do with teens lacking responsibility and experience behind the wheel. Fortunately, if your child earns good grades in school, this can help vouch for his or her level of responsibility and may earn you a huge discount. Insurance companies typically provide the largest discounts to those who earn at least a B average and if your child can maintain a 4.0 grade point average, your discount could be as much as 30%.

Report to Your Insurer if Your Child Goes Away to College

If your child goes away to college and doesn’t take his or her car, you may be tempted to drop him or her from your policy completely. While this might save you money for now, it certainly won’t in the future. It is best for individuals to remain insured at all times, so in this situation, just call your insurance agent. Explain that your child has gone to college and that he or she is not driving. You may be eligible for a special low rate to keep your child insured during this time period.

Ask for Other Teen Discounts

Finally, you can ask for other discounts that may not be made apparent to you right away. Many insurance companies provide small but significant discounts on Florida teen auto insurance for those who participate in Driver’s Education courses, watch and take tests on approved videos, or even attend specialized workshops intended just for teens. In fact, your insurance agent may be able to provide you with a list of courses and workshops your child can attend for such discounts.

Everyone wants to keep their teens safe behind the wheel, and it’s important to ensure that they are financially covered in the event of an accident. By using these tips and asking for discounts, you can truly save a lot of money on your Florida teen auto insurance.