Adding your children to an auto insurance policy is a difficult process, but you can simplify things when you follow the right procedure. This article explains how to add your children to your auto insurance policy, and you will save quite a bit of money on your auto insurance every month. Your children’s coverage will cost more, but you may cut into those costs by using a bit of wisdom.
#1: How Old Is Your Child?
Every child between the ages of 16 and 25 will pay more for their insurance, but the price for your child’s insurance will decrease over the years. A child who is 16 will be charged much more than your child who is in graduate school at 25 years old. Ask your auto insurance company to update the value of your child’s policy every year, and you will save just a bit of money when you renew the policy.
#2: Keep Your Child Safe
Your driving record is a major factor used to determine your auto insurance premium, and a child who has a clean driving record pays less every month. Children who are involved in accidents or get pulled over will pay even more for their insurance, and you must help your child understand the value inherent in their policy. You could be priced out insurance altogether after an accident, but a child with a clean driving record will begin to save money over time.
#3: Drive With Your Child/Limit Their Mobility
Limiting the mobility of your child will help you prevent accidents, and the auto insurance provider will ask how you manage your child’s driving. A child who is monitored by their parents will pay less for their auto insurance, and a child who is not allowed to drive at certain times of night will pay less.
#4: Where Does Your Child Go?
Limiting the places your child can go will help you reduce the cost of your auto insurance, and you must inform the insurance provider of your limitations. Children who are allowed to drive to school and work will pay less than children who have free reign in their vehicles. Adding your child on a current vehicle with restrictions makes the policy even cheaper, and you may do the same with all your children who drive.
#5: Driving School
Children who attend driving school are given a discount on their policies, and programs approved by the auto insurance carrier will give you a steeper discount. Children must be trained to drive carefully, and the driver’s education program you use will help you save money over the life of your policy.
Children who are added to your auto insurance must be added with a bit of wisdom and common sense. Search for discounts that will help you afford insurance for your child, or you may help you child purchase their own affordable auto insurance. A local agent can assist you with the policy, and a driver’s education program likely meets near your home.