You are legitimately proud of your newly-licensed teen driver, but along with the relief at no longer being a chauffeur there may come a shock when you view your new automobile insurance premium. Teen drivers are costly to insure, so read on for ways to lower your insurance costs when adding a teen to your policy.
The right car and the right driver.
The choice of vehicle that your teen drives makes a great deal of difference in your insurance rates.
In an ideal world, you would pay your auto insurance premiums promptly, and your carrier would settle your claims as soon as you submit them. Unfortunately, things do not always go as smooth as that; disagreements arise and pit insurers against their clients. Here are three examples of common disagreements, and how to prevent them:
After a collision, your insurer will be interested in your car's value just before and after the crash.
If you have a teenager who had just passed their driver's exam, they will most likely be asking you for the keys to your vehicle or they might start saving for one of their own. Regardless of how they obtain wheels, they will need car insurance. Here are a few tips you can use to make sure you are getting the best deal on a car insurance policy for your teen driver.
Even though the cost can be enormous, damage to a roof should be fixed right away to prevent the condition from worsening. To cover the high costs of repairs, people will turn to their homeowners insurance policy to pay for the work. Upon receiving a settlement payment from the insurance company, only hire the right professionals for the job. Catastrophes that strike once can strike again. You do not want to have subsequent claims denied because the original work was not done properly.
Most people are familiar with the traditional Medicare insurance plan -- the Medicare Advantage Plan, which generally operates just as any other insurance policy would. That isn't the only option for Medicare insurance, however. There are four alternative types of Medicare insurance plan available for those seeking alternative healthcare options.
1. Medicare Cost Plans
A Medicare cost plan is a very basic plan which covers only Part B expenses, unlike more common Medicare plans which include Part C or Part D.