Nashville, Arkansas may not be one of the busiest places in the country, but it has its own share of traffic and road accidents. For years, Nashville has witnessed a number of road mishaps involving teenage drivers. Although most of these accidents do not result in serious injuries, most of these incidents do result in costly lawsuits. Since the laws of the State of Arkansas only require drivers and car owners to get the minimum coverage of $25,000 for bodily injury liability per person involved in the accident and $25,000.00 for property damages, parents of teenagers involved in road accidents are often forced to use their own money to pay for damages caused by their children. To avoid this kind of scenario, you as a parent, should see to it that you get higher coverage for your teenage driver.
How much coverage should you get for your teenager? There is no hard and fast rule when it comes to the amount that teenage drivers should have. As a parent, know your kid better. If your kid is a good driver and he or she is reliable on the road, there is no need to get very high coverage for him or her. Conversely, if your kid proves to be unreliable, it is better to go for higher coverage. As the saying goes, “it is best to be safe than sorry.”
Aside from getting bodily injury and property damages coverage for your kid, also get him or her first party benefits, collision coverage and comprehensive insurance. The first party benefit will take care of your kid’s medical bills in case he or she sustains injuries during a road accident. Moreover, if your kid is currently earning income, this type of coverage will also provide for temporary income replacement. On the other hand, collision coverage pays for the damages resulting from flood, fire, vandalism and theft while collision insurance takes care of repairs or car replacement.
Is there a way to save money on your kid’s car insurance premiums? It is possible to save money on your kid’s premium if you shop around and compare the prices offered by different insurers. Collecting quotes is not exactly as tedious as you think it is. In fact, it will take just a few minutes to collect quotes online. Just let your fingers do the walking and talking to get what you need.
You may also save money through discounts. Most Nashville insurance firms offer discounts on students who have an average grade of B. If your kid is doing well in school, you may be able to get as much as 10%-15% discount on his or her premiums.