When someone has a teenager who had just received their driver’s license, they will most likely be in the market to purchase insurance. Many caregivers are worried about the amount they would need to pay for a new driver. There are however a few discounts that a Car Insurance Companies in Indianapolis IN would give to policyholders.
It is important that the teenager drives a vehicle that is safe. This will ensure lower premiums and will be best as they are at a higher risk of an accident due to inexperience behind the wheel. Having anti-lock brakes, an installed computerized program showing driving habits, and an alarm system can all save money. A teenager’s first vehicle should be one they feel comfortable driving. A sports vehicle will have higher premiums than a family sedan. Make sure to get rates on different vehicles before putting one on the road for the teenager to drive.
Some insurance companies will offer discounts to students who maintain an A or B average on their high school report card or college transcript. This information can be brought to the insurance company each quarter in exchange for a lower rate on insurance. Another idea to cut rates is to have the teenager enroll themselves into a safe driving course. This would be an additional course to the one they would take in high school. A certificate can be brought to the insurance company proving that the teenager had completed this course.
Most insurance companies will offer a discount on vehicle insurance if the policyholder has homeowner’s insurance or life insurance. It is best to shop around to see if other insurance companies in the area offer lower rates. In most cases, bundling insurance policies will lead to discounted rates.
If someone is in need of a vehicle insurance policy for their teenager, they can look for a reputable Car Insurance Companies in Indianapolis IN in their area. The Thompson Group is an insurance company offering competitive rates. Give them a call or stop into their office to find out what discounts they have available for a teen driver.
