How To Secure The Best Car Insurance Rates For Your Teen Driver
Having a teen driver at home is daunting for Canadian parents, no matter how responsible their child is. You may always worry about the kid being on the road, whether alone or with friends. At the same time, car insurance for a youngster can burn a hole in your wallet. The best option is to find ways to cut down the insurance rates because your child will get behind the wheel someday. Here are some tips parents can rely on to fit car insurance for a teen into the family budget. So no matter what car or quality truck model they have (maybe when they are older), you want to make sure that they have the best deal possible on their insurance.
Ensure driver’s education
Car crashes have scary statistics when it comes to teen driving in Canada. The last thing you want is your child getting into a mishap. You can reduce the risk significantly by ensuring driver’s education for them. Enrolling the kid in a safe-driving program is a good option as it gives you peace of mind. Moreover, you may even seek discounts from the provider as the factor favors the kid’s record.
Track the kid’s driving habits
As a parent, you must keep track of your child’s driving habits. Insurers check things like daily mileage, rapid acceleration, and hard brakes. You cannot be with the kid at all times, but you can plug a device into your car to do the needful. The good thing is that your teen will do their best to follow the norms of safe driving. Eventually, better driving can lower their insurance bills.
Compare and shop
This one is a no-brainer as comparing policies before buying them is the best way to cut down premiums. You can look for local providers and check their rates. Parents in Calgary can seek Car Insurance Quotes in Calgary to search for the best deals. Consider options like bundling to lower the bill further. A little research and comparison are worthwhile as they can help you secure significant cuts.
Avoid buying a new car for your teen
Although it can be tempting to pamper your teen with a new car, experts never recommend it. First, it is a costly affair and you may need to get it financed. With a good credit score, of course, this isn’t an issue but with poor scores, this can be a challenge and you may have to find a dealer like Buy Here Pay Here (https://buyherepayhere.io/dealers/maine/) in your vicinity to finance the car. Besides, new vehicles cost more to insure because their parts are more expensive to replace after accidents.
Moreover, giving it to a youngster with scant driving history is never a good idea. The better option is to let them practice with a used car and wait for gifting a new one until they have enough experience. Even better, look for a used car with viable safety features. If needed, make necessary upgrades, such as cummins injectors, brake wiring, and similar other technicalities, to make it ready for your kid to drive. It will lower your premium and ensure more safety for the new driver.
Prioritize good grades
Good grades in school do more than get your kid closer to an academic scholarship. They can also save your money on car insurance premiums. A B average or higher can help lower the rates, though savings with grades may vary from province to province and provider to provider. Ask the kid to get stellar grades and offer them a new vehicle in reward down the line.
Car insurance for teens need not press your budget the way you imagine. You can follow these actionable tips and fit them into your wallet comfortably.