After years of anticipation, getting a driver’s license is usually a momentous day for your teenager. However, as a parent or guardian, you may have mixed emotions as this event brings many changes to your household.
One of the questions you may have is how to secure the proper insurance for your new driver. This is where the experienced team at Total Insurance can provide assistance. We can help you select the optimal auto policy for you and your family. Contact us today to get started.
Am I Required To Add My Teen Driver to My Insurance?
Auto insurance can provide essential financial coverage for all drivers, including teen drivers. Additionally, it may be required by law. While you are not required to add your teen driver to your auto policy, it is often much cheaper than purchasing separate insurance for them.
In general, as long as you remain the owner of the vehicle and the teen lives in your household, they are eligible to be listed on your auto policy. If your child does not live with you (e.g., they moved away for college) or if they own a car in their name, make sure to work with your Total Insurance agent to discuss how their insurance may be impacted as they may need their own insurance in those situations. It is crucial to provide accurate and up-to-date information to ensure proper coverage.
How Can I Save Money on Auto Insurance for My Teen Driver
Teen drivers present unique risks to an insurance company since they are new behind the wheel and lack experience. However, in addition to adding them to your policy instead of purchasing a separate policy, they are various ways to reduce premiums. Some strategies include:
- Check if your teen qualifies for a good student discount. Many insurers provide discounts on premiums if the student driver maintains good grades since this may reflect positively on their responsibility. Make sure to check eligibility (e.g., GPA) requirements.
- Choose a safe, reliable vehicle for the teenage driver. Reliable cars with multiple safety features are generally cheaper to insure than high-performance vehicles (e.g., sports cars).
- Have your teen complete a driver safety course. These courses can provide valuable tips on how to stay safe while on the road. Additionally, insurance companies may offer a discount if a teen driver completes them.
- Bundle insurance policies. By bundling your home and auto policies, you may be able to save on premiums. It may also offer the convenience of having your insurance information in one place.
Several other methods may help you save, and your Total Insurance agent can help you find the right policy at the best value. Contact us for more information or a quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.