Posts Tagged ‘Grade Point Average’
Cheap Car Insurance For Teens How To Keep The Rates Down
The teenager shopping for car insurance is at a decided disadvantage. Car insurance rates are based on age and driving experience as well as driving record. The best way for teenage drivers to work their way into better rates is stay on their parents policy in order to gain driving experience and a driving record. There is a good chance that after three years and a clean driving record that a preferred policy from the parents insurance company can then be issued on the teen drivers that want to have their own car and pay for their own insurance. There are numerous discounts for the young driver today. Drivers training education is the most common discount. The drivers training course normally consist of 30 hours of driving with an authorized instructor along with 6 hours of classroom work. Some companies give discounts for good students that carry a 3.0 grade point average in high school or college. There is also a resident student discount available by some insurance companies. The student has to live over 100 miles away from home to receive this discount.
Age Rating Tiers Most insurance companies have age rating tiers on young drivers. The ages from 16 to 21 is one tier and the rates are the highest in this time period. The next age tier begins at age 21 and ends at age 25. The rates drop significantly at age 21 and again at age 25.
Vehicles Make a Difference The younger the driver the higher the rate. The rates are very high for young drivers on newer vehicles that require collision and comprehensive coverage. Older vehicles that only require liability coverage as a minimum state requirement is one way to cut costs for the teen driver. Utility vehicles like pick-up trucks receive a small discount and the teen driver can take advantage of that discount also. The teen driver needs to stay away from high performance vehicles and sports cars because the rates will be very high and these cars may not qualify for standard car insurance.
Car Insurance Shopping And How To Save Money On Gas
Copyright 2006 Barry Brenner
With the price of gas at an all time high, and no relief in site, consumers are looking for more ways to save money on gas. Consider saving money on your car insurance to offset the high cost of gas.
Today, millions of car insurance consumers are buying their car insurance policies on the telephone and the Internet. Insurance companies are spending more money than ever on advertising. Rate quotes and policies are available through a multitude of web sites, from insurance companies direct, to web sites that offer multiple quotes from a single application.
With this increasing demand for car insurance rate quotes via telephone and the Internet, decisions about cost and coverages are being made faster than ever. Is the average car insurance consumer getting the correct policy at the best possible price? Can the consumer lower their cost of transportation by saving money on their car insurance?
Many car insurance consumers are not aware of the numerous discounts available on car insurance policies today. Check out the following list of some of these discounts and see if any of them apply to you.
A multi-car discount will lower the premium on each vehicle on the same policy. Some companies will sell you a separate policy for each vehicle and still give you the multi-car discount. Keep in mind there can be overhead or additional cost for each policy, so having all of your vehicles on the same policy could save you money.
Most insurance companies will give full time high school or college students with a 3.0 or higher grade point average a discount. This discount could be as high as fifteen percent on the primary vehicle that the student drives. If the premium for the student driver is one to two thousand dollars per year, a good student discount could be a savings of one hundred fifty to three hundred dollars per year. Multiply that by the number of years in school, and that will add up to a huge savings.
Some insurance companies will give you an occupational discount depending on your educational background and job title. Teachers, Medical Professionals, Scientists, Engineers, Computer Professionals, and other jobs that require a college degree, license, or certification.
An anti-theft discount can lower the comprehensive (theft & vandalism) portion of the policy premium. This is generally considered to be a Global Positioning Satellite (GPS) based system where your car can be located via a satellite if it is stolen.
Some companies offer a 2% to 15% discount to active and retired members of the military.
Department of Motor Vehicle certified mature driving courses are available for senior citizens and can lower your premium as much as ten percent.
And of course, maintaining a good driving record will allow your insurance carrier to give you a good driver discount and keep your rates down.
Who is happy with the price of gas today? Consumer advocate studies show that the first and foremost reason people are over paying premium-wise for auto insurance is that they dont take the time and effort to shop around and compare prices. Cost savings on a policy can add up to hundreds of dollars per year, if you know what to look for and ask. And, shopping for car insurance has never been easier.
Yes! It is possible to get cheap insurance. The best way to find low cost insurance is to get insurance quotes from several different companies and then you can see what the cheapest rate is. Here is a list of some things that contribute to the cost of your insurance.
The first factor would be the area in which you reside. Insurers look at your neighbouring area. If your area has many accidents it will affect and increase your premium rate. Most of the time, you will find more fender benders in inner city area. In rural areas you might find more severe accidents. The reason for this would be because of the higher speeds on the open highway.
The second factor would be the type of car you own. If you have an older vehicle with some damage your insurance will obviously be cheaper. Owning an expensive sports car will surely increase your insurance rate.
The third factor would be young driver discounts. Some companies offer discounts for good students with a 3.0 grade point average as well as drivers training discount. If you put the two together the discount can be quite significant.
The fourth would have to be matured driver and retired discounts. Some companies can offer retirement discounts and mature driver discounts to lower the rates for senior citizens.
These were just a few things that can contribute to your insurance rate. Be sure to ask about any discounts when shopping for your car insurance. Think about where you live, your vehicle and how you arrange your coverage. If you do a little more research and educate yourself it will help you get the insurance that is right for you, and an insurance that will save you more money. So go out inform yourself and save money on your car insurance!