how to lower car insurance costs ?
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my 17 year old son wants to buy a 2008 honda civic EX and he agrees to make the payments on the car. One problem is , how do i lower my insurance rates . IF my son is still considered a teenager. Could i put the car under my name so the insurance rates will be low ? please help
yes he does have a drivers liciense and he maintains a 3.0 GPA . and the 2008 civic is still under factory warranty. IDK if this helps or not?
Some insurances will have lower rates if the car is classified as a sedan, with ABS and vehicle stability assistance (VSA) on it or with engine size being less than a V6. If the car has air-bags and other safety features then that will help lower the rate. Insurances will sometimes give lower rates for teens who are good students and have a higher GPA and have attended safe driving classes.
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rates are lower under your name with him as driver compared to him doing it himself. minimal coverage will lower rates and if he has done driver education classed that will also lower rates.
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keep son with learners permit is the ONLY way to keep it lowered,
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DMV
Some insurances will have lower rates if the car is classified as a sedan, with ABS and vehicle stability assistance (VSA) on it or with engine size being less than a V6. If the car has air-bags and other safety features then that will help lower the rate. Insurances will sometimes give lower rates for teens who are good students and have a higher GPA and have attended safe driving classes.
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the fact that he’s young, male, and the car is new will all contribute to making his insurance high, even the color believe it or not. Certain things may help to lower the payments, such as if he’s taken and passed driving lessons from a certified driving school, taking a lesser coverage, what premium, if the car has security features (alarm, sherlock, etc). Don’t be shy to ask the insurance company these questions.
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General knowledge
Can he buy a car in your state at the age of 17 or will it be in your name? Having all family members on the same policy often lowers rates. Having all insurance (house, car) with the same company can lower rates. A higher deductible will lower rates. If you have an old car you can drop comprehensive. If you wreck it you junk it. Drivers Ed will lower rates. Some insurance companies have their own education courses that will lower rates. Different cars have different rates. Where does the honda fall in the sceam of things. Is it the honda that has lots of aftermarket add ons to soup it up?
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