As your teenager approaches the driver’s license milestone, it’s time to start thinking about their auto insurance needs. While teen drivers can obtain their own policy, it’s often much more cost-effective to add them to the family plan. Before meeting with your agent, though, there are a few factors you should take into account. Here’s what to weigh to help ensure you get them the best coverage for the lowest price.

What to Think About When Insuring Your Teen Driver

1. The Car They Drive 

If your teen will be getting a car, choose carefully. A brand-new vehicle will cost much more to insure than one that’s a few years old. A higher-end model will also be more expensive to repair if they’re involved in a collision. Additionally, you can reduce the premiums by selecting a car that has good safety and reliability ratings and isn’t one of the more commonly stolen models.

2. Your Liability Limits 

Teenagers are considered high-risk drivers because their age and inexperience increase their chances of getting into an accident. As such, it’s likely the state’s minimum liability requirements won’t be sufficient enough to cover them in the event of a crash.

When you add a teen to your own policy, it’s a good idea to raise your liability limits or purchase umbrella insurance to protect yourself from significant financial hardship. 

3. Available Discounts 

Even with a teen driver on the policy, many auto insurance companies provide various opportunities to save money on premiums. This can include student discounts for good grades, insuring multiple vehicles, enrolling your child in a defensive driving course, and installing safety features. Adding another driver to your coverage is a good time to shop around and see what’s being offered.

Begin exploring your teen’s auto insurance options with the assistance of Lafever Insurance Agency in Cookeville, TN. They’ll help you compare different policies, providers, and prices to find your family the best deal possible. For more than 30 years, they’ve specialized in offering high-risk coverage solutions to residents throughout Putnam County. Call (931) 526-3377 to request a free quote or set up an appointment. Learn more about auto coverage options online.