You have enough to worry about when your Teen Driver is ready to get behind the wheel. GGB Insurance Services can give you peace of mind when your teen gets on the open road.

Peace of Mind Even When You're NOT Behind the Wheel

This month, we at GGB Insurance Services focused on Auto Insurance and getting the right coverage. We started with the factors that affect your coverage options, not to mention your monthly fees. We also showed you what happens (and what you can do) when mistakes happen; accidents, moving violations, even DUIs.

Now, we want to talk about one of our favorites – Teen Drivers.

3 Discounts for Your Teen Driver

With all the concerns you already have when your teen starts driving, the last thing you want to worry about is insurance (and its price tag). Balancing the right coverage and often higher costs can be difficult. Here are three discounts to find out about.

Good Student – Some insurers will provide a discount if your teen maintains or exceeds a certain Grade Point Average (GPA) or if they are within a top percentile of their class. A responsible student is more likely to be a responsible driver.
Driving Student or School – Some insurers will provide a lower cost if your teen has completed a program from one of their accepted Driving Schools. This provides both the benefit of a discount and the security of knowing your new driver has passed a professionally qualified road safety course.
Returning/Renewing Customer – This one is not as obvious. For existing auto customers whose policies are up for renewal, insurers will give a discount to customers who add a driver at the time of renewal. This discount is based upon having stayed with an insurer for a minimum number of years and whether or not your policy is up for renewal.

Don’t forget, things like your vehicle model and year, credit score and previous claims will also affect your coverage price. Of course, find out if making coverage adjustments or increasing your deductable can help keep monthly costs down.

When accidents happen, keeping coverage affordable can seem nearly impossible. We can help you get back on the road with the protection you need.

When it comes to Auto Insurance, being a safe driver and having a great record not only helps you save, but keeps your coverage costs down in the long term. But the truth is that everyone makes mistakes, that’s why we have insurance to begin with.

When Accidents Happen

Getting into an accident and making a claim with your insurance company is the most obvious circumstance where a mistake can cause your rates to increase. This is where being a safe driver can definitely help. Depending on your coverage, a safe driver making his/her first claim can avail of accident forgiveness, and avoid having a fee increase or have the fee increase minimized. This is an important consideration for new coverage buyers also.

What happens in more difficult situations?

In cases where the driver has a moving violation against them, rates can increase anywhere from 20% to 90% or more depending on the severity of the violation. DUI/DWI violations have the highest consequences when it comes to insurance.

In situations like these, maintaining coverage can be incredibly costly. Making changes or getting a new policy is the best approach to recovering from your mistake and getting back on track.

Start with these 3 steps:

Consider increasing your deductible – Your deductible is the amount you pay when you get into an accident. When you increase the amount of your deductible, you may be able to lower your monthly costs to a more manageable price point.
Evaluate your coverage needs – Find out if your current policy can be trimmed down to the most essential items. Adjusting your policy or getting a new policy with less coverage can help bring down the cost of your premiums.
Repackage all your coverage – Sometimes, assessing all your coverage can be the best option. Take a broad look at the costs of property insurance in combination with auto insurance. Bundling the two policies (possibly others) into one package may be less expensive overall.

Knowing and understanding your options is your next step. If you’re ready to find out how you can get back on the open road safely and protected, call GGB Insurance Services. We’ll help you figure out your best option and give you a FREE quote.

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