Families should do their homework when researching online insurance quotes

Families that are shopping for online insurance quotes know how much extra money they can end up paying if they have younger drivers in the house.

A recent report on 10-TV News in Ohio features the Frazier family, who were said to see their auto insurance premiums for three cars and a motorcycle jump to $350 a month once their teenage son began driving.

The station noted that with help from a local agent, the family followed a variety of commonly-prescribed money saving tips, such as raising their deductible, which is said to cut premiums by up to 40 percent. Other strategies included reducing comprehensive and collision coverage on their older vehicles.

They were also apparently able to take advantage of a good student discount for their son, a money-saving strategy the web site Automotive.com defines as applicable for children who have a 3.0 grade point average, are in the top 20 percent of their class or are on the dean's list or honor roll. These students are reputed to be better drivers who are less likely to cause accidents or file claims, so a number of insurance companies are known to offer discounts around 10 percent with that in mind.

Drivers who have children may want to remember this detail as they shop for online insurance quotes.

For more information on making smart decisions with your own auto insurance coverage, visit InsureMe.com today.

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