Teen Driver!

The time has come and your teenager is finally old enough to drive. It's bad enough that you have to worry about safety issues, pushing your foot into the imaginary passenger brake, and holding on for dear life while she's putting in her practice time but have you stopped to think about the issue of insuring your teen driver? There are several ways for a teenage driver to satisfy auto insurance laws without having to purchase a completely separate policy. Every state requires every driver to have some form of auto insurance to drive legally. I don't think your teen driver is an exception to this rule.

Some insurance companies assign your teenage driver to the vehicle with the highest rating/risk. Which can cause your auto insurance policy to double in premium if you happen to own a sports car or a luxury automobile. Get with your agent before making the decision to continue business with them when your teenager is ready to be added to the policy. It might be better to purchase a vehicle for them and have them purchase a separate policy for themselves. It's important that the vehicle the teen is driving be a sensible one like a sedan or a vehicle with an industry reputation for low cost repairs. This will also help keep the cost of the policy down.

There are many discounts to help you lower the cost of insuring your teen drivers: good student discounts, completing a driver's education class, vehicles with passive restraints, and anti-theft devices. Make sure you check with your insurance agent to see what discounts are available for your teen driver. Don't get stuck paying full price when you can apply many discounts to help with the high premium.