Everybody parent who has a child just learning to drive or getting ready to get his or her license just dreads the thought of carrying insurance coverage for the new driver. Insuring a teenage driver can be quite expensive. It is a known fact that, on average, drivers under the age of 25 pose the greatest risk to insurers. Because of this, insurance companies charge higher insurance rates for 16 – 24 year-old drivers than for any other age group.
While there are several options available, probably the least expensive option would be to add your teenager to your existing auto insurance policy once he or she obtains their learner’s permit. Your teen may actually be able to take advantage of certain discounts on your existing policy such as safe-driver and multiple-car discounts. Inquire about the good student discount.
At Insurance Doctor, we can review your current policy and help you determine your most cost-effective option. If you’re considering a used car for your teen, let us know the make, model, VIN#, and year of the cars you’re considering and we can better provide an accurate insurance quote.