Should You Add Teens on Your Car Insurance Policy
Generally, teens do not have to worry about getting their own car insurance policy. It is usual for parents to add their teen drivers to their own policies because it’s usually the cheaper option. Find out if you should add teens on your car insurance policy and do not forget to shop around for the best deals, using auto insurance quotes online.
Some teens own their own cars; in these cases, usually they have their own car insurance policies. However, most states have strict rules on teens owning property (such as vehicles), meaning parents have to at least co-sign for the property. Talk with the local DMV for more info about state’s requirements.
Although adding a teen driver on a policy will make premiums increase, there are several ways to cut the costs for car insurance if you are a teen driver.
For teen drivers:
- Get good grades. Many auto insurance companies offer good student discounts, which are discounts for teen drivers who make a certain grade point average (usually a B average).
- Enroll in driver’s education. Many providers offer discounts for successfully completing a driver’s education course.
- Avoid driving expensive or very powerful rides. Newer models and flashy cars, especially deluxe sports cars, are more expensive to insure than older models or practical rides.
- Increase deductibles. This will make premiums cheaper for some policies.
For parents:
- Ask about multiple-vehicle auto insurance discounts. Adding another vehicle to a policy that already has at least one vehicle could earn you a discount.
- Buy or encourage your teen to purchase a safe vehicle.
- Think twice about collision and comprehensive coverage. If your teen drives an older model car that isn’t financed, it might make more financial sense to skip these optional coverage types.
- Find out if you can include your teen driver on your policy as an “occasional” or “pleasure-use only” driver. Listing her as a primary driver will cost more.
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