The obvious answer is to check with several local insurance agencies for pricing evaluations. Insurance prices are often a serious issue for many families, of course. There is definitive sensitivity to family budgets,
However, being driven by the lowest prices is going to result in purchasing low liability limits. Think in terms of each young driver having at least one at-fault accident in the next 12-18 months. Then think how much damage might occur, in each occurrence. Let's say your first young family driver, due to inattentiveness - (remember when you were a young driver?) - rear-ends a fairly new mid-priced automobile, causing $5,000 in damages. Worse, the driver of the other vehicle claims to have sustained neck and back pains, goes to an attorney and starts the process of accumulating medical expenses. Not uncommon at all. Now, add an alleged injured passenger in the car that was rear-ended.
Do some quick math as to the possible costs and keep that number in mind when considering how much you might have to pay out-of-pocket, based on the low liability limits that you are weighing, to save money on the premium.
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However, being driven by the lowest prices is going to result in purchasing low liability limits. Think in terms of each young driver having at least one at-fault accident in the next 12-18 months. Then think how much damage might occur, in each occurrence. Let's say your first young family driver, due to inattentiveness - (remember when you were a young driver?) - rear-ends a fairly new mid-priced automobile, causing $5,000 in damages. Worse, the driver of the other vehicle claims to have sustained neck and back pains, goes to an attorney and starts the process of accumulating medical expenses. Not uncommon at all. Now, add an alleged injured passenger in the car that was rear-ended.
Do some quick math as to the possible costs and keep that number in mind when considering how much you might have to pay out-of-pocket, based on the low liability limits that you are weighing, to save money on the premium.