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7 Tips for Insuring a Teen Driver

Florida Auto Insurance - Florida Personal Insurance

So, the time has come and your teenager needs auto insurance. Take a deep breath and read on! You want the diver to be protected while driving, but you also don’t want to over pay for coverage. You might have heard that insurance rates are higher for teenagers. That’s because teens often engage in risky behavior and they don’t have much experience driving. Teaching your teen how to be a safe driver is important, as is having the right coverage for their needs.

Here are seven tips to help you prepare to secure the coverage you need for your teen driver without breaking the bank.

  1. Require your teen to complete a DMV-certified driving school.

Driver education will help your youngster be a better driver and will give them the opportunity to receive a discount on their car insurance. Make sure the school you choose is DMV-certified. Check your state’s DMV website to verify the training program you are considering is certified.

  1. Encourage your teen to maintain good grades.

Many insurance companies offer discounts for students who maintain an A- grade average or better.

  1. Have your teen complete the graduated licensing system in your state.

Most states have a graduated license system that places certain restrictions on younger drivers and then gradually lifts them as the teen ages. Ensure your teen follows the restrictions, which generally includes not driving after midnight, not having any alcohol in their system, and limiting the number of passengers in the vehicle at one time. Many states also require a younger driver to only be allowed to have one family member in the car as a passenger. 

  1. Add your teen to your existing auto policy.

Instead of taking out a new policy for your teen, add them to yours. This will help keep their rates under control especially if you have a good driving record. Be mindful of which vehicles you allow your teen to drive. A safe, solid vehicle will cost less to insure than a hot rod sports car.

  1. Increase your deductible.

Consider raising your deductible, which is the amount you pay before your insurance will cover the rest of the claim. This will lower your premium. Think about what a deductible amount would be comfortable for you and choose the amount that works for you.

  1. Pay for minor damages yourself.

If there’s a minor scratch or dent, take care of the repair yourself rather than claiming it on your insurance. A claim can make your rates go up, and you’ll pay more over time. If it’s something you can handle yourself, go ahead and get it fixed on your own.

  1. And be prepared to pay more for auto insurance.

Insurance companies know that some of the highest-risk drivers on the road are teenagers.  They’re more likely to get into a collision than drivers of any other age group or demographic. Their lack of experience means they are more likely to make a mistake or exhibit poor judgment. They haven’t had the opportunity to build up a positive driving record. For these reasons, it’s a guarantee you’ll be paying more for car insurance when adding a teen to your policy.

Want to learn more about the personal, family or business auto insurance solutions offered by Lanier Upshaw? Contact us here for more information on our personal insurance solutions.