Family Car Insurance
It had to happen eventually. Your oldest child reached the dreaded age where they are constantly bugging you to let them take drivers ed and get their drivers license. You spend hours online researching the safest cars while simultaneously looking up articles on teenage car accident statistics. You might not have the power to force them to take the bus anymore, but you can make sure they have the best car insurance by bringing them into your own family car insurance plan.
Bringing your new family drivers onto the family insurance plan will not only help their rates go down, but will give you better piece of mind. Family car insurance policies tend to have better coverage at a lower rate than plans made for the individual, especially when they are new drivers. However, sticking to the family budget can be difficult when adding more people onto the family auto insurance plan.
There are multiple sites online that offer tips on finding the cheapest family auto insurance, but almost all insurance providers offer family car insurance, and what’s more, they offer discounts and special rates for the family insurance.
Benefits of Family Car Insurance
One of the biggest benefits of bringing your children onto the family automobile plan (and, in that sense, making sure both parents are on the same account) is the discounts that you and your family will be receiving. There are countless drivers’ discounts available. For example:
- Multiple Car Discount – By putting all of your family’s vehicles on one plan you get a discounted price! If you have the same insurance on your house as you do your family car insurance, combining those into one plan can save you even more money!
- Good Drivers Discount – This is given on a time frame decided upon by your insurance provider. The usual fine print is that your driving record needs to be clean for at least 2 years.
- Good Student Discounts – This discount is for high school and college grades. A “good” grade usually constitutes an average GPA of 3.0, or a B average.
- Low Mileage Discounts – If you are putting on your family car insurance plan a vehicle that only gets used in the summer (say, because your college student is away for the school year) low mileage discounts are available. Most insurance companies will offer you discounted rates if you keep the mileage of the car to a specific amount.
One thing families must remember is to cover all the family members who will be driving each car. For example, if the primary driver is only covered for driving one vehicle, but has to run out for milk one night and takes another car and gets in an accident, they might not be covered. Putting down every family member for every car is a good way to cover all your bases in family car insurance policies.
Tips for Insuring Younger Drivers
Even with all the tips in the world, the premiums for your 16-year old driver are going to be high. However, keep in mind there are multiple ways of bringing the family car insurance premiums down, even with a younger driver. The parents driving history, parent’s car, the teen’s driving history and the type of car they have all have an impact on the premium of the car insurance.
Combine all the tips found on this page, plus others in our insurance blogs and articles page and your family car insurance premiums will not only be manageable, but your family will be safely insured while on the road.
