Placing multiple vehicles on one policy

Placing multiple vehicles on one policy will make the price lower than it would be if each vehicle was listed on a separate policy. Older cars can have a higher deductible, which will lower the monthly premium considerably. This means that the policy holder will be responsible for more out-of-pocket cost in the event of a collision that he/she is at fault for.

Insuring Teens for Less:

Teens under the age of 18 cannot have their own car insurance policy. They must be listed on an adult’s car policy. Once the teen reaches 18 years old, then he/she may take out a personal policy. It is actually more beneficial to be on someone else’s policy, since it will ultimately save some money. Each additional car added onto an existing policy costs less than the original vehicle.

New teen drivers can qualify for a discounted insurance rate by taking a Driver’s Education course. These are offered by many high schools and other accredited institutions. There is a lot of driving time in this course and always with a licensed instructor. A written exam is also given. Once the course is completed, a certificate can be presented to the insurance company for proof that the course was taken and passed.

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