3 Mistakes to Avoid When Getting Insurance for Your Teen Driver

Don’t make these costly mistakes when insuring your teen driver.

As a parent, you want to do everything in your power to keep your child safe.  This is why, when your child is old enough to drive, you need to secure the right insurance coverage to keep them safe.  Unfortunately, insuring younger drivers can be very expensive if you are not careful.  To ensure that you aren’t overpaying, avoid these costly mistakes when insuring your teen driver.

1) Getting Them a Separate Policy

When securing insurance for your teen driver, you have the option to secure them their own policy or add them to your existing auto policy.  Insurance policies for young drivers carry high premiums because insurers consider teens more likely to get into an accident.  While your rates will increase when you add your teen to your policy, this move will actually end up saving you money in the long run.  Generally, the premium increase you experience will be less than the cost of securing a totally separate policy for your teen.  Additionally, adding your teen to your policy will allow you to access multi-vehicle discounts.  So, if you want to save on your teen driver’s coverage, your best option is to add them to your existing auto policy.

2) Failing to Use Discounts

Many parents do not realize that their teens can access special insurance discounts.  For instance, many insurers offer discounts for getting good grades, driving a car with driver and passenger airbags, driving a car with automatic seatbelts, driving safely for a specific period of time, and taking a driver’s education class.  When securing car coverage for your teen, speak to your insurance provider to learn about all the discounts you could qualify for and make sure that you take advantage of them.

3) Choosing an Unsafe Car

As mentioned above, your teen can get discounts on their auto insurance for driving a car equipped with certain safety features.  In general, getting your teen a reliable and low-risk vehicle will allow you to access lower auto insurance rates.  The lower your teen’s risk for an accident, break down, or another vehicular issue, the lower their insurance premiums will be.

Avoid these costly mistakes when insuring your teen driver.  Do you need help finding the right auto insurance to meet your needs and your budget?  If so, then contact the experts at Champion Commercial Insurance.  Our dedicated team is eager to get you the coverage that you need today.