If you’re the parent of a teenage driver, you know how important it is to find the right car insurance. Not only do you want to find an affordable policy, but you also want to make sure that your teen is covered in the event of an accident. Follow these tips to pick the perfect car insurance for your teen driver.
1. Decide on the type of coverage you need
It can be tough to decide on the right car insurance coverage for your teen driver. You want to find an affordable policy that will protect them in the event of an accident
Should you invest in the bare minimum of liability coverage or pay more on collision or comprehensive coverage? Should you add towing and roadside assistance? These are all things to consider regarding the car your teen will be driving and their level of responsibility.
Liability Coverage
This will protect your teen if they cause an accident. If someone is injured or their property is damaged, your teen’s liability coverage will help to pay for those expenses.
Collision Coverage
This will cover the cost of repairs if your teen damages their car in an accident. If the car is totaled, collision coverage will help to pay off the loan or lease.
Comprehensive Coverage
This will cover the cost of repairs if your teen’s car is damaged by something other than an accident, such as a tree branch falling on it or vandalism.
Towing and Roadside Assistance
This will cover the cost of towing your teen’s car if they break down and also help with things like changing a flat tire.
2. Shop around for rates
Shopping around for teen car insurance quotes when looking for the right policy for your new driver is essential. You want to find an affordable policy to protect them in an accident.
You can save money on insurance by comparing rates from different companies. Whatever you do, don’t wait until your teen is already driving to start shopping around for insurance policies. It’s best to have everything lined up before they take their first solo trip down the street.
3. Compare coverages
When comparing teen car insurance rates, make sure that you’re comparing with equal coverages and add-ons. You’re not getting an accurate comparison if you change the required coverages between agencies.
That being said, it’s crucial to find an affordable policy to protect your teen driver in an accident. Shop around for rates and compare coverages to find the perfect policy for your family.
4. Consider discounts
Teens can gain access to insurance discounts in a variety of ways.
One way is by taking a driver’s education course. Most insurance companies offer discounts to teen drivers who have completed a driver’s ed course.
Another way is by maintaining good grades in school. Many insurance companies offer discounts to teen drivers who have maintained a GPA of 3.0 or higher.
A third way is by driving a safe car. Insurance companies often offer discounts to teen drivers who drive cars with airbags, anti-theft devices, and other safety features.
5. Read the fine print
When you’re looking for teen car insurance, it’s important to compare rates from different companies. But be sure to read the fine print before you commit to a policy.
Some agencies may offer lower rates, but the coverage may not be as good. Make sure you understand what is and isn’t included in the policy before you sign up. You’ll be sure you’re getting the best rate possible for the coverage you need when you have all the information in hand.
6. Make sure your teen is listed on the policy
When looking for teen car insurance, it’s important to compare rates from different companies. But be sure to read the fine print before you commit to a policy.
One way to make sure your insurance policy covers your teen driver is to add them to your existing policy. This will ensure that they are protected in the event of an accident and that you’re not paying more for coverage than necessary.
When in doubt, ask an expert
No question that finding car insurance for a teenage driver can be daunting, but it doesn’t have to be impossible. By following these tips, you can be sure that you’re getting the best possible coverage for your teen at a price you can afford. If in doubt, even just a tiny bit, you can always ask an insurance specialist about it.