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Know the basics of car insurance for teenagers

  • Safety Tips
  • Xavier Sabastian
  • 3 minutes

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Your teenager is set to get their driver’s license. It’s bad enough that they’re teenagers on their own, but the prospect of them becoming driving on their own is unsettling. 

car insurance teenagers

  • What are your options for making the best of the situation? 
  • What kind of vehicle will they be driving? 
  • What kind of insurance do they need?
  • What is the safest method of insuring them? 
  • How are you going to keep them alive long enough for them to graduate safely from high school? 

Some of these are easier to handle than others; perhaps it’s best to focus on the aspects you can influence. Please don’t put it off. As soon as your teen is ready to receive their driver’s license, notify your insurance company. Some states allow car insurance companies to demand that you notify them if you have a teen driver’s license. 

The car insurance company will usually not charge you for the second driver until they graduate from a permit to a license.

If you neglect to tell them and your child is injured in an accident, the insurance company will most likely compensate you. If this occurs, your charges may be raised retrospectively, or your coverage may be revoked. If you don’t tell them when your teenager gets their driver’s license, they may charge you for the extra driver retrospectively or even refuse coverage if they get into an accident.

Affordable car insurance for teenagers

Safety should always come first. Make it a point to lead by example. Show your teen how to be a good driver, and make sure they attend safety courses and are familiar with all of your state’s traffic laws.

Encourage your youngster to do well in school. Many car insurance companies provide exceptional discounts to students who maintain a B average in high school or college discounts. Some car insurance companies will also provide discounts for community involvement: scouts, 4-H, civic, or community organizations are all excellent options for your teen to join.

Select a car that is both safe and reliable. Check for airbags, seat belts, and anti-lock brakes in their vehicle. Allowing your teen to persuade you to buy them a flashy car is not a good idea. Please encourage them to purchase a used vehicle. 

Because they tend to hug the road, older cars, which are often heavier than newer, sleeker models, are more challenging to drive carelessly. These are less expensive to insure and are safer.

When purchasing an older vehicle, you may choose to forego the optional collision and comprehensive coverage and instead get simply liability coverage. 

Insurance companies usually don’t pay out generously for older cars, so you’ll save money on your monthly premiums. Older automobiles often have a reduced blue book value, which helps to keep costs down.

Check with your insurance company about multi-vehicle policies. Many insurance companies may give you a discount if you insure multiple vehicles with them. 

Keep the second vehicle in your name. Parents usually have more valuable assets and are thus a safer investment to insure.

car insurance teenagers

You may be unable to control your teenager, and knowing that they are on the road will most likely not provide you with peace of mind. However, being cautious about how you insure them, the car you put them in, and the example you set in your driving will help ensure that your young driver is in good hands. 

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Check out our blogs for info on finding top-rated airport parking, the best parking spots in your city, and affordable car washes near you.

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