Parents can help drive down their children's insurance costs

Mozo

Tuesday 24 July 2012

Bosses at a US-based car insurance provider believe there are numerous steps parents can take to help their children lower their premiums.

Teenagers tend to get stung when attempting to insure their vehicles, as many providers are worried that they will be involved in a greater number of accidents.

Leaders at Elephant Auto Insurance suggested that parents should call their insurance supplier and discuss the situation once their son or daughter has passed their driving test.

The organisation also stated that in most cases, children who do well in school tend to receive lower insurance quotes.

A lot can also depend on the size and speed of the car that the person is going to drive. Obviously, someone who has a smaller engine cannot reach the same speeds as those who opt for a more powerful model.

"Most importantly, communicate with your teen driver. You should tell them how much their insurance costs are so that they can understand fully the responsibilities they have as a driver," a representative of the firm stated.

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Parents can help drive down their children's insurance costs
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