Seeking Auto Insurance Advice for a Large Family
I’ll soon have 5 drivers in my family, as my three teenage sons are all set to start driving (one is already behind the wheel while the other two are just starting). This means we’ll have 7-8 cars in total, all with liability coverage only. Currently, we’re with Amica and haven’t had any issues, but I realize I haven’t shopped for auto insurance in a long time.
I’m looking for suggestions on how to possibly lower my premiums. However, with three new teen drivers, I’m also hesitant to make any changes that could disrupt our current setup. Should I stick with what I have, or are there better options out there? Thanks in advance for your advice!
It sounds like you have a lot on your plate with multiple drivers in your household! Since you’re already with Amica and happy with their service, it might be worth checking if they offer any discounts for having multiple cars or drivers on the same policy. Here are a few tips to consider for potentially saving on your premiums:
Multi-Car Discount: Insurers often provide discounts when you insure multiple cars under one policy, so make sure you’re taking advantage of that.
Good Student Discounts: If your teen drivers maintain good grades, many insurers offer discounts for them as good students. This could significantly help with costs.
Safe Driving Courses: Encourage your teens to complete a driver’s education course or a safe driving course. Many insurance companies provide discounts for drivers who have completed these programs.
Bundling Policies: If you have home or renters insurance, consider bundling it with your auto policy for additional savings.
Increase Deductibles: If you’re comfortable with a higher out-of-pocket cost in case of an accident, increasing your deductible can lower your premium.
Telematics Programs: Some insurance companies offer pay-as-you-drive programs that monitor driving habits. Safe driving could lead to lower premiums.
Review Coverage Needs: Since you’re currently using liability only, make sure this aligns with your financial situation and risk tolerance. Sometimes reducing coverage on older cars (if they’re not worth much) could help save on premiums.
Shop Around: Even though you’re satisfied with Amica, it doesn’t hurt to get quotes from other insurers to see if you can find a better rate for the same coverage.
It’s definitely a balancing act with new teen drivers, so if you feel comfortable with your current provider and policy, it might be easier to stick with what you know. However, comparing options could provide peace of mind—both financially and regarding coverage. Good luck!