Auto Insurance Good Student Discount Florida FL
Reader's Question:
What is the best way to save on auto insurance premiums in the State of Florida when adding teenagers to the policy? Is there such a thing as an auto insurance good student discount?
Veronica
Tampa, FL
Compared to other states, Florida has higher insurance requirements because of its no-fault law. Balancing your finances and getting your teen insured adequately can be very difficult because of this.
Before getting them insured, make sure that they have successfully complied with prerequisites for getting their learners' permits. These should be carried for one whole year, so they may qualify for full valid licenses after. They should not have unexcused absences from school for fifteen days or they may lose their permits. After they have their permits ready, give your auto insurance agent an update on new drivers to be included in the policy.
To be sufficiently covered in this state means having Personal Injury Protection (PIP) and minimum liability insurance coverage for your kids, as well. It may also cause an increase of up to 50% in your premiums when you add a teenage daughter to the policy, while including a teenage son may mean a 100% increase.
But don't fret. There are guaranteed ways to lower your kids' coverage. Make them attend the certified driving class in Florida. All insurance companies are obligated to provide discounts to policyholders who have enrolled and completed the course. You may also include their cars in your policy to get multiple car discounts. Encourage them to perform well on their studies. Not only will their grades make you proud but will save you money, too. Insurance companies give auto insurance good student discounts specifically to those with a grade point average of 3.0 or higher.
Tags: auto insurance policy, auto insurance premium, no-fault, Student car insurance, teen