10 Things To Know Before Adding Your Teen Driver To Your Auto Insurance Policy

If you have a child who is preparing to turn sweet 16, it is time to start thinking about adding them to your auto insurance policy. If they will be driving one of your vehicles, your auto insurance carrier must cover them. This can be scary for most parents because teen drivers have the highest rates of automobile accidents! Not only is their safety at risk, but also your insurance rate is likely to experience an increase. Here are some insurance tips for when they finally receive their driver’s license:

• Once your child passes their license test, you are able to add them to your policy.
• Typically, it is much less expensive to add them to your existing policy instead of buying a new policy just for them.
• Be prepared for your rate to increase when you finalize the addition.
• You should speak to your insurance agent about any possible discounts you may qualify for.
• Encourage your teen driver to do well in school. Almost every insurance carrier offers a good student discount.
• Remind your teen driver that every traffic violation they get will cause your monthly payment to increase.
• You may be able to save money on your monthly payment if you list your teen driver as an occasional driver. Listing your teen as the primary driver is when you will see your rate really increase.
• Increase your deductible to lower your monthly payment.
• Think about whether you need comprehensive coverage, or just collision coverage.
• Enroll your child in a driver’s education course. This can help to reduce your rate.