For every teen, the next step after securing a learner’s permit is to start driving as soon as possible. However, this is not as simple as it sounds. Parents of such teens may be concerned about the insurance aspect of their kiddo’s next move. If you are one of those parents, here is the good news. Do you know that your insurance policy can often be extended to cover your teen? Make sure you check with your insurance provider for further information to make certain.
Consult your insurance provider
Do not allow your teen to drive until you have confirmed from your insurer that your policy has been extended to cover them. Doing otherwise could land you into a big financial mess.
Getting car insurance with a permit
With a permit you can have different insurance and it may be that you have to. It is advisable that you discuss this with your insurer, considering that there are special cases that may warrant your teen to get a different learner’s permit insurance policy. An example of such a case is when a teen has their own vehicle registered in their name only.
Another benefit of consulting your insurer is that it gives you a chance to begin talking to them about the best way to cover your teen when getting their full license.
How do you pick the right learner’s car?
Start by deciding on the type of car you want your teen to learn driving with. In families with several cars, it is best if you delegate the car with the highest safety rating and least showy for such a purpose. Chances of speeding are lower with a traditional family vehicle, compared to a muscle or sports car – a fact insurance companies understand. Thus, the car with the least insurance rates will do a good job in reducing the applicable premiums.
What are the cost implications?
Note that adding your teen, who is now a licensed driver, to your policy will raise your rates, with up to 100% (for a teen boy) or 50% (for a teen girl). The increased rate, however, differs across states. You can easily reduce these rates or avoid additional costs in some situations. For instance, student discounts are available at certain providers for drivers within certain age ranges, provided they maintain a good GPA. Some providers also have accident forgiveness programs that keep rates the same after the first at-fault accident on your policy.
It is essential to put all these in place before your teen gets his or her learner’s permit so that you can embrace the right of passage without any worries.