Looking for Auto Insurance Advice for a Family with 5 Drivers and 7-8 Cars
With my three teenage sons starting to drive soon (one’s been behind the wheel, while the other two are just beginning), I’ll have a total of five drivers and around 7-8 cars. Currently, we only have liability coverage on all the vehicles. I’m with Amica and haven’t had any issues, but I haven’t really explored other auto insurance options in ages. Does anyone have suggestions on how to possibly lower my premiums? Considering I have three new teen drivers, I’m also hesitant to make any changes that could upset the balance. I appreciate any advice you can offer—thanks!
Switching auto insurance can be a daunting task, especially with new teen drivers in the mix. Here are some tips to consider that might help you save on premiums while still keeping your current provider:
Talk to Your Current Insurer: Since you’re happy with Amica, start by having a conversation with them. Ask if they offer any multi-car discounts, good student discounts, or any other incentives for families with multiple drivers. They may be willing to provide a competitive rate to retain you as a customer.
Shop Around: Even if you decide to stay with Amica, it’s a good idea to get quotes from a few other insurers. This will give you a better sense of the market and help you compare rates without making any immediate changes.
Consider a Higher Deductible: Since you have liability-only coverage, you might consider raising your deductible to lower your premiums. Just make sure you can afford the deductible in case of an accident.
Look for Discounts: Many insurance companies offer discounts for various reasons, such as bundling policies (home and auto), having a safe driving record, or completing a driver safety course. Check if your teens can take a defensive driving course, as it may qualify them for a discount.
Reassess Your Coverage: With several cars and drivers, assess your current needs. You may not need the same level of coverage for all vehicles if some are older or have lower values.
Join a Telematics Program: Some insurers offer programs where you can save money by allowing the insurance company to monitor your driving habits. If your teens are good drivers, this could lead to savings.
Maintain a Good Credit Score: In many states, insurers use credit scores to assess risk. Make sure you’re maintaining good credit, as this can impact your premiums.
Consider a Family Policy: If you’re getting quotes from other insurers, consider looking for family or multi-driver policies that may better meet your needs.
While it’s understandable to hesitate about making changes with new teen drivers, comparing rates and exploring discounts could save you money without disrupting your current situation. Good luck!