Teen Drivers and Insurance: What Parents Should Know

Adding a teen driver to your auto insurance policy is an exciting milestone — but it can also bring new questions and concerns for parents.

Because inexperienced drivers are more likely to be involved in accidents, adding a young driver can significantly impact your insurance premium. Understanding your options can help you prepare.

When should you add a teen driver to your policy?

Most parents add their child to their auto insurance policy when the teen becomes a licensed driver and begins driving regularly.

It’s important to notify your insurance company when your teen becomes licensed to make sure you have the proper coverage in place.

How can parents help keep costs lower?

There are several ways families may be able to reduce the cost of insuring a teen driver:

• Good student discounts
  Many insurance companies offer discounts for students who maintain strong grades.

• Driver education programs
  Completing approved driver training courses may help young drivers qualify for savings.

• Choosing the right vehicle
  The vehicle your teen drives can have a major impact on insurance costs. Safer, reliable vehicles with strong safety features are often a better choice.

• Maintaining a clean driving record
  Safe driving habits from the beginning can help prevent accidents, tickets, and future increases.

Should your teen have their own policy?

In many cases, adding a teen driver to an existing family policy may be the better option, but every situation is different. Factors such as household vehicles, driving habits, and insurance requirements all matter.

Don’t wait until the last minute!

Before your teen starts driving, it’s a good idea to review your coverage and understand your options.

Contact our office today to discuss adding a teen driver and make sure your family has the right protection on the road.