When your son or daughter becomes a teenage driver, of course, you’re going to be a bit apprehensive. One minute, they just started walking, and now they’re driving. However, at the same time, if they passed their test, then you’ve got to respect that they’re ready to drive. When you’ve worked out that they’re going to be safe and responsible on the roads, then you’re going to want to make sure that they can actually get on the roads in the first place! Because driving can be expensive, and it’s not always easy for them to start driving. This means that you’re going to want to help them reduce the cost of driving, to then be able to get on the road for the best price.
1. Choose a safe car
First of all, you’re always going to want to choose a safe car for your teenager – or at least have some say in it. And this is for two reasons. It’s always great to know that your child is driving a safe car, but it’s also going to help you with the financial situation. Generally, you can get great value for your money on safe cars, like a Passat, and it’s also going to help with your insurance premiums too. Because if your teen wants a car with a big engine or a sporty model, it’s going to cost more to insure.
2. Buy used
It might be tempting to buy a brand new car for your teen, but this is definitely going to cost you more than if you buy used. You don’t have to get something too old – even getting something a year or two old is going to save you a lot of money than buying brand new. So just make sure that you’re checking prices of different years to make sure that you get the best deal.
3. Shop around
But that’s not all, you’re not only going to want to shop around for the price of your car, but you’re going to want to do the same with their insurance too. Make sure that you compare prices from different providers, such as cheapautoinsurance.co.uk, so you know you’re getting the best deal. And remember, you want a good price, but you also need to make sure that the coverage is right too.
4. Get them to contribute
Next, you’re going to want to think about what they are going to contribute. Because it’s always in their best interest to ensure that they pay their way. You’ll find that contributing to running costs, as thestir.cafemom.com suggests, is a good way to start. If they pay for their fuel or chip in every now and again, it’s going to teach them the value of money.
5. Monitor their driving
Then there’s always the option to monitor their driving. It’s often good to have teen driving restrictions for their own benefit and safety, but this can also play in their favour when it comes to cost. By getting a black box or agreeing to a curfew, you can often save a lot of money on their insurance premium.
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