I heard from state farm if your son has a clean driving record and good grades, it can save u a ton of money??
2006-11-12 07:34:28 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
Several insurance companies will give you a slight discount for good grades, and a clean driving record definitely helps. However, I can tell you that insurance premiums are based on many factors, including the driver's age (in Texas the rates go down on men at age 25, women at 21), which vehicle it is, your credit rating, if you own your home, employment history, married or single, if you have anyone in your house over 14 who might drive your car, and several other things. I know this because I'm an insurance agent. Your best bet would be to check with an independent insurance agent, since they compare prices with several different companies and can get you the best rate, and your rate would definitely better if your son is listed as a driver on your policy rather than him getting his own. Your rates will go up still, sometimes by a lot, but it would be cheaper than him getting his own insurance. The discounts you get won't amount to "a ton of money" by any means, but every little bit helps with a young driver in the house.
2006-11-12 10:15:09 · answer #1 · answered by younggrandma 3 · 0⤊ 1⤋
Funny you should ask that. There was talk about S.Carolina, Mississippi and a couple other states not taking it. Mississippi Governor Haley Barbour(R) says he will not take any of the money that has strings attached to it. Seems like there is a string saying they have to extend unemployment to people who were not employed in the first place. After the money runs out, they would still have to pay for that. He did not see taxing people of Miss. more because of it, so he will not except that part. Other parts for schools and such will be accepted. I hope other states are as conscientious.
2016-03-28 03:26:45 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The idea of insurance is to find a good company and stick with them because it's your long-term track record that matters, not how competitive they are with prices.
We've been with State Farm for 37 years, and pay very little due to built-in discounts for multi-car, accident free, over 20 yrs driving experience, on and on.
I'll be very up front with you; their claims decisions aren't the best. We had a tire tread come off while driving and they considered it our fault. That made me mad. And when my car was stolen, they didn't pay what it was worth because they refused to compare it with other cars of the same model year, they used values for the subsequent year which were more numerous and valued lower than my car.
2006-11-12 08:30:02 · answer #3 · answered by s2scrm 5 · 0⤊ 1⤋
State Farm does have a program for high school students with good grades can get discounts. Check with them. I am insured with them. 13 years
2006-11-12 07:46:55 · answer #4 · answered by bobby 6 · 0⤊ 0⤋
Not really..it just won't COST you a ton.
2006-11-12 08:06:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋