So, your teenager just got their driver\u2019s license \u2014 congratulations! And also\u2026 good luck. While they\u2019re thrilled about their newfound freedom, you\u2019re likely running through a mental checklist of everything you need to do to keep them safe on the road. One major item on that list? Adding them to your auto insurance policy.<\/p>\n\n\n\n
It\u2019s not the most exciting part of their driving journey (for either of you). But it\u2019s a crucial step to ensure they\u2019re covered in case of an accident. Here\u2019s what you need to know as a parent before making the call to your insurance provider.<\/p>\n\n\n\n
Short answer: Yes.<\/p>\n\n\n\n
Longer answer: In most cases, your auto insurance provider will require you to add any licensed driver living in your household to your policy. Even if your teen doesn\u2019t have their own car and only borrows yours occasionally, they still need to be covered. Failing to do so could lead to big problems if they\u2019re involved in an accident.<\/p>\n\n\n\n
Brace yourself \u2014 adding a teen driver to your policy can be expensive. Statistically, teen drivers are more likely to be involved in accidents, which makes them a higher risk for insurance companies. On average, adding a teen can increase your premium by 50% to 100%<\/strong>. Yikes.<\/p>\n\n\n\n But before you panic, there are ways to save money, which leads me to\u2026<\/p>\n\n\n\n Insurance companies recognize that not all teens are reckless drivers, so they offer discounts to help soften the blow. Here are a few ways to cut costs:<\/p>\n\n\n\n It\u2019s usually cheaper to add them to your existing policy rather than getting them their own. However, if your teen has their own car and you don\u2019t want their risk affecting your insurance rates, a separate policy might be worth considering. Keep in mind that individual policies for teens tend to be pricey.<\/p>\n\n\n\n If your teen is heading to college more than 100 miles away and won\u2019t be taking a car, let your insurer know! Some companies offer a \u201cstudent away at school\u201d discount, which can significantly lower your premium while keeping them covered for occasional driving when they\u2019re home on break.<\/p>\n\n\n\n Adding a teen driver to your policy doesn\u2019t have to be overwhelming. At Avalue Insurance, we\u2019ll walk you through your options, help you find discounts, and make sure your family is protected without breaking the bank. Give us a call today and let\u2019s get your teen covered \u2014 so you can stress a little less while they hit the road!<\/p>\n\n\n\n3. How Can I Lower My Insurance Costs?<\/strong><\/h2>\n\n\n\n
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4. Should My Teen Have Their Own Policy?<\/strong><\/h2>\n\n\n\n
5. What If My Teen Goes to College Without a Car?<\/strong><\/h2>\n\n\n\n
Ready to Add Your Teen? We Can Help!<\/strong><\/h2>\n\n\n\n