Do you have a child that is soon going to be getting their license and will be driving a car? If so, you may have concerns about the premiums that need to be paid for car insurance. Here are some things to know about car insurance and the things that can impact premiums.

Add Your Child To An Existing Policy

As much as you want your child to be responsible and pay for their own insurance policy, know that this is going to be the most expensive option for them. It should be cheaper to add a child to your existing auto policy, which helps save your family in the form of overall lower premiums. If you want your child to be responsible for their own auto insurance, it may be best to have them pay you back for it.

That said, know that your driving record plays a role in your child's insurance premiums as well. If you have a history of accidents and traffic violations, that could reflect on a child that you are adding to your insurance policy. 

Expect Your Premiums To Increase

Even though adding a child to an existing policy can save money, it will still be expensive to add a new driver in general. That is because new drivers are seen as more of a risk to insurance providers since they are inexperienced and more likely to cause an accident. However, those premiums will eventually go down as they get older and demonstrate that they are a safe driver.

Ask About Discounts

It is possible that your child can qualify for a discount through your insurance provider by being a good student. It's always worth asking about things like a discount for having good grades in school because this shows that they are a responsible student and more likely to be responsible behind the wheel. 

Provide A Cheap Car To Drive

Another factor that can influence your auto insurance is the car that your child drives. If you are giving them a brand new car, that vehicle has a very high repair cost if it were to be involved in an accident. Meanwhile, a cheaper vehicle is going to have a lower value and cost less money to replace if it is totaled. Consider having your child drive the cheapest vehicle in your home to have a lower impact on your overall insurance premiums. 

For more information on car insurance, contact a professional near you.