How Large Families Can Keep Their Auto Insurance Rates Low

Many things affect auto insurance rates; this means what works for one person (in terms of reducing the cost of coverage) may not work for another. Therefore, every motorist should look at their unique circumstances to see how they can qualify for some savings or discounts. For example, if you have a large family, you can use the following tips to enjoy low auto coverage rates:

Combine and Bundle Policies

Combining insurance is probably the best way to lower your rates since most insurers offer discounts to those who insure multiple cars under one policy. After all, if you have a big family, it's likely that you have multiple vehicles in your household. You may also get further discounts by bundling your auto insurance policy with other forms of insurance you may have in your household, such as homeowner's (or renter's) insurance and life insurance policies.

Before bundling insurance policies, however, talk to an insurance agent to help you with the calculations to determine if the move will benefit you. For example, if you have been dealing with other carriers for some time, you may be eligible for loyalty or no-claims discounts. Compare those with the discount on bundled policies before making a move.

Put Teens as Primary Drivers of the Safest Cars

Teenage drivers attract some of the highest auto insurance rates across all age groups; it's even worse for teenage boys. Therefore, having teenagers in your household will increase your insurance rates as long as the teens have driving licenses. There isn't much you can do about the teenager's ages, but you can give them cheap-to-insure cars so that their rates don't rise even higher. This is because a teenager is already considered a high-risk driver; combine that designation with other factors (such as expensive or racing cars) that increase insurance rates, and you are looking at gigantic insurance rates.

Let Everyone Maximize Their Discounts

 Even if have a combined your policies, each family member can still qualify for individual discounts and use them to lower your combined rate further. For example, if you have a student in the family, they should check if they qualify for a good student discount that some insurers offer to students with good grades. Another family member who belongs to a professional organization that awards auto coverage discounts should also see to it that the discount is awarded. In short, every family member should evaluate all the available discounts and see to it that they are awarded those that they qualify for. Contact a company like Plumer Insurance Agency to learn more.