Put your teen in safe car Avoid high Prodigy Insurance Group by jolinmilioncherie

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									1. What can I do to minimize the additional cost of insuring my young driver?

       Put your teen in a safe car. Avoid high performance cars and small cars that offer
       little crash protection. The type of car a young person drives can significantly affect
       the price of insurance.

       Talk about the importance of safe driving practices regularly. Even as your teenager
       gets more experience driving, he or she needs to be reminded about the risk factors of
       the road. Remaining crash-free and without traffic violations will not only keep your
       teenager safe, but will help keep your insurance rates from increasing.

       Ensure your young driver maintains good grades while attending school. Statistics
       show that student drivers who maintain better grades are less likely to slip up behind
       the wheel.

       Inform your insurance Agent if your teenager is living away from home while
       attending school and will not have access to a car. You may receive a discount for the
       time he or she isn’t around to drive the car.

       Safe driving discounts are the most important savings to keep for young drivers, as
       poor driving records will generally overwhelm any savings that might come from
       other discounts.



2. What are the best ways to keep auto insurance costs down?

       Have a good driving record - The single best way to qualify for lower premiums is to
       have a clean driving record - no tickets, no accidents and no insurance claims.

       Shop around - Prices vary from company to company and from year to year. Prodigy
       Insurance Group shops your rates for you at EVERY renewal.

       Before you buy a car, compare insurance costs - Car insurance premiums are based in
       part on the car’s sticker price, the cost to repair it, its overall safety record, and the
       likelihood of theft. Many insurers offer discounts for features that reduce the risk of
       injuries or theft. These include daytime running lights and anti-theft devices.

       Ask for higher deductibles - Deductibles are what you pay before your insurance
       policy kicks in. By requesting higher deductibles, you can lower your costs
       substantially. For example, increasing your deductible from $200 to $500 could
       reduce your collision and comprehensive coverage cost by 15 to 30 percent. Going to
       a $1,000 deductible can save you 40 percent or more. Before choosing a higher
       deductible, be sure you have enough money set aside to pay it if you have a claim.
       Reduce coverage on older cars - Consider dropping collision and/or comprehensive
       coverages on older cars. If your car is worth less than 10 times the premium,
       purchasing the coverage may not be cost effective. Auto dealers and banks can tell
       you the worth of cars. Or you can look it up online at Kelley’s Blue Book
       (http://www.kbb.com). Review your coverage at renewal time to make sure your
       insurance needs haven’t changed.



3. Does my credit rating affect my premiums?

       You bet it does! Insurers are increasingly using credit information to price auto
       insurance policies. To protect your credit standing, pay your bills on time, don't
       obtain more credit than you need and keep your credit balances as low as possible.
       Check your credit record on a regular basis and have any errors corrected promptly so
       that your record remains accurate.

								
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