Having children can affects the cost of your car insurance. Teen drivers in
particular wreak havoc on your insurance premiums. You can see this happen
when you run a quick
car insurance quotes comparison
. Rates tend to be lower when teens aren’t on the insurance policy.
Fortunately, there are other overlooked ways having children can affect
your car insurance rates for the better.
Babies Mean Discounts
A popular Volkswagen commercial
shows two young people trading a Beetle for a Jetta when they have a child.
They then trade the Jetta for a Tiguan SUV when they add another child to
their brood. A last trade is made when they trade in the Tiguan for an
Atlas SUV after having a couple more kiddos. In each instance, they’re
moving into vehicles insurers consider safer than the previous models. When
young families get larger cars to accommodate growing broods, they
inadvertently get safer cars too. This lowers premiums.
More Responsible Behavior
A young family man will get a break on car insurance because he’s thought
to be more responsible. After all, if he’s actively engaged in the raising
of his children, he’s less likely to be prone to risky behaviors. This is
true for young couples in general. As mentioned above, having a family
more sensible transportation
, so the sports cars, muscle cars and grand touring cars generally give way
to sedans, minivans and SUVs. Families often focus on safer driving, too.
This demonstration of responsibility is rewarded with more affordable car
Fewer Miles Driven
Soccer, scouts, school activities and the like supplant long lingering
romantic trips up the coast. Because these tend to be more local, the
number of miles driven falls. In fact, with a newborn, long road trips are
pretty much eliminated altogether. In the eyes of an insurer, the car is
exposed to less risk, which means the potential for accidents and resulting
claims is reduced. Less risk means lower premiums.
Higher Rates of Homeownership
People with children tend to own homes more often than people who have no
families. In most cases, homeownership can result in car insurance
discounts. In particular, bundling car and homeowners insurance will
definitely garner discounts.
Teens Can Get Discounts Too
There are a number of ways parents can qualify for
discounts with teen drivers
in the house. The best way is to have them professionally trained to drive
by a recognized driving school, then enroll them in an accredited defensive
driving training course. These have been shown to make young drivers safer
on the road, so insurers often recognize this with lower premiums.
Discounts are also offered for students with good grades and young people
who agree to have their driving monitored electronically.
There are ways having children can affect your car insurance rate
positively, and they often vary between providers and policies. Explore car insurance
comparison quotes with CoverHound to find the right policy for your growing