Not many people include car insurance rate quote when they sit down to calculate their monthly expenditure. However, the cost of car insurance can be exorbitant and you must find a car insurance that is within your budget. You have to spend quite a lot of money to insure your teenage son’s car because almost all insurance companies consider young males between 16 and 21 the worst drivers. This means that you will have to pay a hefty amount for your son’s insurance premiums and that is definitely not very good news. So, what can you do to cut down the expenditure on auto insurances? The answer is you will need to find the cheap car insurance rate quote for your son.

Before you get the car for your son think of the premium that you will need to pay. If you want to get cheap car insurance rate quote you will have to limit the value of your son’s car. The premium that your son has to pay will be based on the value of his car. If your son has an expensive car the insurance company will have to pay more in case of an accident. Therefore, more expensive cars mean more hefty premiums. Therefore, get an inexpensive car for your son.

Insuring your son’s car in your name will allow you to get car insurance rate quotes. This will cost you a lot less. Firstly, you do not fall under the category of “risky” drivers and therefore you will need to pay lesser premium. And secondly you will get a discount for multi vehicle insurance. If your insurance company does not know that you have a teenage son at home don’t tell them. If the company becomes aware that you have a teenager at home your insurance premium will go up irrespective of whether he will be driving the car or not.

Try to find an insurance policy that is high deductible. Choosing a plan with high deductible will allow you to save a whole lot on your son’s car insurance. A high deductible plan means if your son’s car is involved in an accident you will have to pay quite a high amount for all the necessary repairs. And this will allow you to get lower premium because the insurance company will not have to worry about paying a lot in case your son’s car meets with an accident.

Talk to your son and discourage him against reckless driving. It is an ironclad fact that insurance companies decide on the premium in keeping with broad generalizations. The companies believe that a teen driving a Ford Mustang is more prone to driving recklessly than the one driving a Ford Focus. And so sports cars are charged with higher premiums. Lastly, if you want cheap car insurance quotes it is important to shop around. You should never decide to insure the car with the very first company you talk to. Check out the quotes that are offered by the insurance companies and see which one works for you.

Categories: Car Insurance