Teen Drivers and Auto Insurance: How to Keep Costs Down

Getting behind the wheel is a significant milestone for teens and a major shift for parents. With that new freedom comes financial responsibility, especially when it comes to auto insurance.

Why Do Teens Need Auto Insurance?

Teen drivers are statistically more prone to accidents due to inexperience. Auto insurance helps cover the costs when things go wrong. For instance, liability coverage may pay for damages if your teen accidentally hits another car while backing out of a parking spot. Comprehensive coverage can help if a tree branch crashes through the windshield during a storm. Vandalism or theft are also risks that insurance can help address.

What Does Auto Insurance Cover?

Auto insurance policies typically include the following essential types of coverage:

• Liability protection may cover property damage or bodily injury your teen causes to others.

• Collision coverage may help repair or replace your teen’s car after an accident.

• Comprehensive coverage may compensate for noncollision damage like theft or severe weather incidents.

• Medical payments coverage may pay medical bills for minor injuries following an accident.

• Uninsured/underinsured motorist coverage may provide financial aid if a teen is involved in an accident with an at-fault driver who doesn’t have enough coverage.

How Much Is Auto Insurance?

Teen auto insurance tends to be higher due to greater risk. On average, families may pay a few hundred dollars more monthly after adding a teen to their policy. Rates often vary by state, vehicle type and driving history.

How Can Teens Save on Auto Insurance Costs?

Saving on auto insurance is possible with a few smart moves:

• Keep grades up. Many insurers offer good student discounts.

• Drive a car with high safety ratings and lower repair costs.

• Consider enrolling in a defensive driving course.

• Stay on a parent’s policy instead of getting one separately.

• Avoid traffic violations and build a clean driving record.

Learn More About Auto Insurance

Contact Drivers Insurance LLC today for more details about auto insurance. Our friendly agents can help you get optimal coverage at a price that fits your budget.

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.