First off, parents need to know the amount of coverage they want in the policy for their children, plus the driving record (if they have one) and the age of the children in order to get the best insurance policy. Another way to save money in insurance policies is to ask for discounts. Many companies offer “good student” (typically insurance companies require a 3.0 GPA) discounts that typically range from 10-15% thus offsetting the cost significantly over time.
The city and where the people who are being insured live also make a difference in terms of savings. For example, a person who has a car insurance Florida policy would pay a different rate than a person who has an insurance policy in California. It also makes a difference if they live in urban or suburban areas. Urban areas are usually more expensive since they have higher rates of accidents, theft, and vandalism. If the person lives within a city, they need to expect to pay more a lot more than if they lived in the suburbs. The model of the car the person is going to be driving can also add up to savings. Before a parent buys a car for their child, they should ask the insurance companies for advice since they know what makes and models are going to cheaper. That way they can save as much money as possible.
If parents follow these tips they can significantly reduce their cost on insurance premiums over the long term. As long as they do their homework, there is no reason they can not afford reasonable car insurance for their children.