If you have a son or daughter who’s taking driver’s education courses in school or over the summer, you may have considered purchasing another car now that there’s another driver in the family. When you start your search, remember that vehicle valuation firm Kelley Blue Book has a list of the best car deals for both new and used cars available from manufacturers
But remember, that with a new or used car also comes auto insurance.
To save money on their premiums, many families add their teenager to their existing auto insurance policy as opposed to taking out a new one. But did you know there are several other ways you can save money on premiums? Here are a few of them:
Good student discount
When your teen’s grade point average goes up, your insurance costs can go down through Elephant Auto Insurance’s good student discount. Students who are taking a full load of course work may be eligible for a discount of up to 12%, depending on the type of policy. Plus it isn’t just high schoolers who can take advantage of this discount. If your child is in college – and is under the age of 26 – they too can take advantage of these savings with a 3.0 GPA or better.
Practice safe driving habits
When you drive safely, everybody wins – so does your wallet! It’s pretty simple, but the longer you and your family go accident-free, the more likely you’ll pay less in premiums. At Elephant Auto Insurance, safe drivers tend to pay less when they file fewer claims.
Having more than one car is helpful since it enables everyone to get what they need to be done without having to wait for transportation. But you won’t have to pay a luxury price in order to insure the family’s vehicles, however many you have. By taking advantage of Elephant Auto Insurance’s multi-car discount, you can save up to 20% on your existing policy.
One of Elephant Auto Insurance’s most popular features is its Diminishing Deductible program. It works by rewarding you and your family for safe driving. For instance, assuming you start with a $500 deductible, for every year you go accident-free, the deductible reduces by $100. That means that in five years’ time, you won’t have to pay anything should you need to file a claim – whether it’s you or your teenager. You can find out more about it here.
With savings like these, you may wish your kids could stay in school forever!