Your Child Gets Driver License

What To Do Once Your Child Turns 16 or Gets His or Her Driver's License

A child turns 16 and gets a driver's license. Every parent's nightmare begins and the questions begin. How do I keep him safe on the road when I'm not always with him anymore? What if she gets in an accident? What if he does something stupid? These fears are not ungrounded. Some statistics show the number of accidents experienced by 16 year-olds is six times as many as those experienced by 30 to 59 year-olds.

With these statistics in mind, parents are not the only ones worrying. Insurance companies worry as well. Car insurance companies view drivers as investments. Bad investments (I.e., drivers likely to get in an accident) could cost more and thus demand a higher rate of coverage. So how do parents manage to insure their children while not breaking the bank? A few tips to help solve this problem follow.

One thing to consider is your child's driving record. Although any teenager will incur a higher rate of insurance, a teenager with a poor driving record will incur an even higher rate of insurance. Parents should talk to their children about safe driving habits and the importance of following the rules of the road. Also, they should discuss drugs and alcohol with their children. On the same note, consider your own driving record and substance habits. Children follow their parents' examples.

A couple of other helpful hints include choosing a safe vehicle for a teenager to drive and putting teenagers on the same policy as their parents. This will allow teenagers to receive the same discounts their parents already receive. Also, encourage teenage drivers to get good grades. Many companies offer discounts, even up to a 10 percent discount, for students with good GPAs.

Another surefire way to lower an insurance rate is a Driver's Ed course. Although many states require these courses, some do not. However, all teenage drivers should take one. For one thing, these classes provide valuable lessons in safe and responsible driving. In addition, many insurance companies will likely lower rates when a teenage driver has taken such a course.

Most importantly, get teenagers proactively involved. Many times, teenage drivers do not realize how expensive their driving habits can be. Make sure they realize this expense and they may want to do all they can to help lower costs.