How To Save Money On Teen Car Insurance

BAY CITY, Mich.– As a teenager, one of the most exciting moments in life is finally getting a drivers license. But as a parent, it is one of the most stressful. Not only are you stressed about your child's safety on the road and what vehicle they will be driving, whether you are purchasing it for them or not. But then comes the unavoidable cost of car insurance, which we all know can be difficult to find at an affordable price for a young driver. While we can't exactly relieve all of the stresses this life-stage brings, we can give you some tips on how to save money on teen car insurance!

How To Save Money on Teen Car Insurance

1. Check Out Your Options – Even if you already have a plan in place for yourself, make sure to comparison shop to find the best rates for your new driver whether you are adding them to your plan or looking for a separate policy. These days there is so much competition between car insurance companies and it is simple to receive quotes online to make shopping for car insurance easy.

2. Teen Driver Discounts – The good news is that there are a few teen driver discounts that you may be able to take advantage of with your current carrier or through a new provider. Look for companies that offer a discount for teens who have taken a driver safety education course, are good students (usually maintaining a B average), or are a low-mileage driver.

3. Expand Your Policy – When purchasing car insurance for your teen driver, you can either acquire a separate policy or add them to your current plan which is usually less expensive. You can even save more if your teen drives the vehicle that is the least costly to insure and they are assigned to that vehicle on the insurance policy. Even if you want them to be responsible for paying for their own insurance, you can set up a plan for them to pay you directly.

4. Consider The Car – Whether or not you will be buying a car for your young driver, they will be purchasing it themselves, or they will be sharing a family car, consider which car they will be driving. The best policy rates for teen drivers are generally associated with vehicles that have high safety ratings/features, aren't brand new, and are less prone to theft.

5. Safe Driving – It goes without saying that when your new driver hits the road, you want them to be as safe as possible. But reinforcing the importance of safe driving can continue to build good driving habits that will help keep them and other drivers safe while on the road.

6. Deductibles – Another option to carefully consider is increasing your deductibles. While this will lower your premiums, it's important to remember that in the event of an accident, paying a deductible could outweigh any premium savings you may have accrued.

7. Adult Driver Discounts – While you're at it, make sure that you are taking advantage of all the possible discounts for yourself as a policyholder too. If you don't have them already, you may be eligible for discounts related to multiple cars, multiple policies, good drivers, safe vehicles, or safe driver classes.

When it comes down to it, you definitely want to make sure that you have the security of sound auto protection for your teen driver as well as for yourself. You can also get some peace of mind by knowing they are in a safe vehicle. If you are still searching for the right one, check out our Sebewaing, MI Used Cars For Sale at our Used Car Dealership. Hank Graff Chevy is located at 3636 Wilder Road, Bay City, MI 48706. For more information on Hank Graff Chevrolet, or for any questions call us at (989) 684-4411 or visit our websites: www.GraffBayCity.com.

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What to Expect When Selling Your Vehicle Yourself

BAY CITY, Mich.- Have you recently decided to sell your vehicle yourself? Or have you been thinking about whether selling your vehicle yourself is the best option for you? Do you know everything that is involved with selling your vehicle on your own? It is important to consider every aspect involved with selling your vehicle on your own, so find out right now What To Expect When Selling Your Vehicle Yourself.

You first thought is probably that you can make more money if you sell your vehicle yourself rather than trade it in. While it is true that you could possibly make up to $1,500-$3,000 more when selling your vehicle yourself, you must also consider the costs of doing it on your own, rather than through a dealership. First, you will probably list your vehicle on Craig’s List, Ebay, Cars.com, Autotrader.com, or even in the newspaper. When someone interested in your vehicle contacts you, the first thing you will want to do is make sure that they have full coverage insurance since they will most likely want to take the vehicle on a test drive. This is important not only because of the possibility of a collision, but because of liability as well. Since you still technically still own the vehicle at this point, any liability will fall back on you. However, depending on your state laws, some situations may still fall back on your insurance, so make sure you are aware of your local laws before heading out for a test drive.

The second important aspect of selling your vehicle on your own is to make sure that you are extremely clear that you are selling the vehicle “AS IS” and you assume no responsibility once the title has been transferred to the new owner. In the situation of selling your vehicle, you do not want to encounter any miscommunication and you don’t want to be responsible for the vehicle after the title has been transferred, so always be upfront about the condition of the vehicle and let the interested buyer know that you are selling the vehicle “AS IS” without any warranty. If your vehicle has been in an accident, it is important to disclose this information and let the interested buyer know where the vehicle was repaired. Never try to hide this information. Should you have a factory warranty or an extended service contract on the vehicle, make sure the prospective buyer understands that this is supplied by the manufacturer or the extended service contract company. To be completely safe, the seller and the buyer should actually sign a contract that states they both understand the vehicle is being sold “AS IS”.

The last thing to expect when selling your vehicle yourself is what happens when you actually sell the vehicle. If you own your vehicle without any liens or have the ability to pay it off before you sell the vehicle, it definitely makes it easier to transfer the title to the owner. Things get more complicated when you still owe money on the vehicle since you will have to pay it off before they can buy it or you will have to work out an agreement that they will pay you for the vehicle, and you will then get them a clear title within 5 working days. When taking funds from a private party make sure you only accept cash, cashiers check, or money order, and then go directly to the bank with the buyer to cash the funds. You never want to accept a personal check unless you retain ownership of your vehicle until the personal check clears your bank. Then once payment is complete both the seller and the buyer will go to your local DMV/Secretary of State to transfer the title. This is where it is important to have a title without a lien. A DMV/Secretary of State won't transfer a title with a lien unless you have permission from the lending institution.

Now that you’re a little more familiar with What To Expect When Selling Your Vehicle Yourself, it’s time to evaluate all of the aspects that go into it and decide if it is the best decision for you. If you enjoy meeting new people and have no issues negotiating or working with the public, then it may make sense for you to sell your vehicle yourself. Especially if you have a vehicle that will sell for less than $8,000, since it is much easier for someone to have small amount of money saved up for a vehicle. If the buyer needs to secure a loan, smaller amounts are also easier to be approved for. When you get closer to the $10,000 price point, it is tougher for the buyer to secure a loan for the vehicle.

At Graff Bay City, we want to help you make the best decision for you. If you need help weighing the pros and cons of what to expect when selling your vehicle yourself, then stop by, we’d be more than happy to help! We’re located at 3636 Wilder Road, Bay City, MI 48706. For more information on Hank Graff Chevrolet, or for any questions call us at (989) 684-4411 or visit our website at www.GraffBayCity.com.

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Lisa Rechsteiner

General Manager

Graff Chevrolet, Inc.

Any questions or comments please do not hesitate to contact me at lrechsteiner@graffsales.com.