How To Save BIG Money On Your Teenagers Auto Insurance

Media / Blog

How To Save BIG Money On Your Teenagers Auto Insurance

Prev

UBER Gets Into The Credit Card Game??

November 10, 2017

It’s Official!  Effective November 1st of this year, I officially have three children that can drive an automobile.  On one hand, it’s a sigh of relief because now I have three drivers who can make a run to CVS or Chick-Fil-A to do those small errands I simply don’t want to do at all. On the other hand, you simply worry every time your children get out on the road and spend your nights waiting up to make sure that they get home safely.   Beyond the bad and good of having your children be able to drive, the one that really hits home is your auto insurance.

In fact, when my 20 year old went on to our auto insurance for the first time, even a seasoned financial advisor like myself gulped a little bit with sticker shock as a good solid student cost more than $2,000 per year.  When my second daughter went on about two years later and added another $2,000 per year, I thought to myself that there must be a better way to get a deal on auto insurance than be robbed by the mainstream auto insurance companies.  As much as I looked, I couldn’t find a solution.  Looming in my future to add to auto insurance was my third child who is a boy.  With the first two being girls, it was pretty expensive, but I knew my son would push our bill up to make our auto insurance bill basically as much as gas and electric.

Then I stumbled across a PURE solution. A solution so PURE, it could reduce my overall bills by more than 40% it is called Pure Insurance.  Pure Insurance was developed almost a decade ago to serve high credit score families that are also high net worth.  With many insurance companies, families are lumped into the pool with the thousands or millions of other families rather than being in a risk pool that may be more favorable for their particular financial situation.

When you become a PURE member, you join a very select group of responsible, financially successful families who own extraordinary homes and other high-value assets. A more responsible membership means fewer claims, which leads to lower premiums. Whether you own multiple homes and vehicles; collect fine art, enjoy fine wine, love fancy antiques, or travel extensively, PURE’s suite of products are optimized to help protect you from the risks and liabilities presented by your unique lifestyle.  (source: www.pureinsurance.com)

When I compared my old premium for auto, homeowners, and umbrella liability which was more than $11,000 per year, the switch to Pure Insurance moved me to $6,100 per year.  Needless to say, for years I accepted the status quo for buying auto and home insurance until I discovered that there was a company who could underwrite a family like mine.

If you have a super high credit score, a net worth over seven digits, and teenage drivers, you should check out www.pureinsurance.com to potentially lower your automobile and homeowner’s insurance bills.

Next

What You Need To Know About Healthcare Open Enrollment For 2018 Obamacare

Sign Up

Sign up for our exclusive Sunday Paper with a weekly market commentary, insightful personal finance blogs, and life changing education guides.

Email sign up

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.