I have a 20-year old daughter. For being a good student, her grandparents gave her a not-so-brand-new car as a gift. She is pretty excited about it, but now I’m concerned about where to get money for her car insurance. Is there affordable young female car insurance in Texas?

Shanda

Houston Texas

I can just imagine how excited your daughter about getting her own car. I’m not sure though how you feel about it. Being a mother, you are concerned about her safety and the cost. These are more than enough reason why you should get young female car insurance for her. One is for her safety – that she will be protected from any legal issues in case she would met an accident. Second is to save cost when she’d accidentally hit a car or any properties.

I have bad news and good news for you. The bad news is that 25 years old below are considered high risk to car accidents thus they are likely to get high insurance quote. But the good news is that I have more good news than bad news.

1. Being female is a guarantee that she is a safe driver. Statistics shows that women have lesser possibility of getting involved in car accidents than men. As such your daughter is a candidate for a lesser young female car insurance rate.

2. You mentioned that your daughter is a good student. Car insurance companies give discounts to students who can prove they have good grades, and are performing well in school. Being a good student is a sign that they will be responsible motorist. Thus, they are less likely to engage in risky road activities.

3. The older model car gift of her grandparents is a lucky charm because old models are cheaper to insure. Plus they are less likely to be stolen so car insurance companies will discount you for that.

4. Also, if you have existing car insurance policy in Texas, you can just add her to your policy. You will definitely get a discount for your young female car insurance.

Or, if you do not like her to be listed in your policy, you can try to get the service of car insurance companies who cater exclusively to women drivers. Since, they specialized on women, they are likely to have less customers so they can give special attention to your daughter.

And so as not to get overwhelmed with this additional expense, maybe you can ask your daughter to pay for her car insurance or at least let her pay a percentage of it. This is a good way of teaching her about managing finances.