If you have a young man or woman who is about to turn 16 years of age and get his or her driver's license - be prepared for a hefty added expense.
The cost to insure your child as a driver continues to spiral with some estimates placing the number as high as a 44% increase in your annual insurance bill if you have one car. For two vehicles the cost skyrockets as much as 58% and 3 cars - well be prepared to add up to 62% of the original payment every 30 days or so!!
However, there are several steps that can be taken that will help to reduce the amount of the monthly premium. Consider the following advice.
1. Press your child to make good grades in school. Most insurance companies now offer discounts to students that keep a grade point average above a certain level. If your current insurance company does not offer this type of cost advantage then I suggest it's time to start shopping around for another one.
2. A number of electronic devices are now available to parents that will allow you to monitor the behavior of your young adult when he or she is behind the wheel of the family vehicle. While some parents may think keeping track of your child in a car goes beyond the acceptable level of trust - others are thrilled to be able to have the opportunity for continued oversight.
3. Model safe driving habits for your children so that they may naturally become a part of your child's driving 'repertoire'. This includes such things as making sure everyone is safely belted in before turning the car on and driving defensively. Talk your driving decisions through out loud so your child understands the decisions you are making behind the wheel.
Greg Baumgartner is a Houston 18 wheeler accident lawyer and the founder of the Baumgartner Firm, which is dedicated to helping personal injury victims seek civil justice. If you would like to speak with a Houston semi truck accident lawyer call the Baumgartner firm.
