Cheaper Car Insurance

Reader’s Question:

I have two sons in college who wants to have their own cars. How and where can we buy cheap car insurance for young drivers?

Jim

Seattle WA

The most obvious way for you to save on insurance is to convince your children to share a car if they are going to the same school. However, if they’re not attending the same college or insist on driving their own cars, there are some ways you can lower the costs of car insurance for young drivers.

One of the most important considerations that insurance companies make when computing for car insurance for young drivers is the type and model of vehicle. Get your children cars that do not have big engines or are not too fast. Understandably, boys prefer to drive fast, but be firm on this area as it could mean hundreds of dollars in savings for you. Tell them to compromise on this aspect. The cars should also not be modified or fitted with additions, like spoilers and rims. It’s better for the cars to remain unadorned. Also, insurance companies offer discounts if you insure more than one car. In this regard, go to an insurance company that will offer you the highest discount for insuring two cars. Insurance companies look on favorably on students that maintain at least a B average. So, if your sons are getting that average or above that, then, premium for car insurance for young drivers can further be lowered.