Unemployment in the United States has finally begun leveling off, but only after several years of jobless rates that were unseen since the Great Depression. This has led to millions of families looking for any way to save an extra buck, with different types of insurance policies feeling the financial cut-backs the most. Automotive insurance, while typically required by most states, gets reduced to the bare-minimum coverage required to operate a motor vehicle legally. In a family situation, with 16 – 19 year old drivers under their parents’ policies, the need to maintain a balance between benefits and high premiums can be even more of a necessity. However, if an individual researches the right way – by reading forums and unbiased customer opinions – they can easily pick-out the cheapest car insurance that offers the best coverage for their situation.
Secrets to Teenage Driver Discounts – Some folks believe it is impossible to save money on policies that include their teenage kids as covered drivers. True, it can be difficult. However, there are a number of discounts available that can save a substantial amount of money.
Insurance companies offer policies that sometimes include vastly different benefits. Some may offer an interesting discount usually referred to as the “Good Grades Discount”. If the teenaged individual maintains at least a “B” average then they are entitled to this type of savings.
Another aspect for parents to consider is the type of vehicle that their child will be driving. Ensure that it has as many safety and security features as possible. Also, do not apply any after-market high performance add-ons to the vehicle. If the insurance company learns about any of these additions they will raise premiums and lower benefits.
General Discount Tips – A great tip, no matter the age of the driver, is to add additional safety or security equipment to the vehicle. With just a few additions one can noticeably decrease their premiums. These add-ons could be items such as a Nerf bar or an after-market security system.
An individual searching for automotive coverage needs to understand how the VIN number is used. The insurance provider can quickly access any make and model vehicle and its specifications, including any additional factory installed accessories. This is helpful to know when filling out online forms as the individual doesn’t have to remember every single safety and security feature. If a discount is missed, most reputable companies will include it in the next payment cycle with a notice informing the insured of their rightful savings.
The VIN number can be used in other ways as well. Having it properly etched, if it isn’t already, into the windshield can lead to some savings. Although, this is an older type of discount that companies are beginning to phase out.
The internet and the companies themselves have simplified finding the cheapest car insurance. Through easy and fast online forms and comparison widgets, shopping for automobile coverage is not a problem anymore. With some quick research an individual can feel confident that they are getting the coverage that is right for them.