Adding a Young Driver to Your Auto Insurance Policy

Teen DriverYoung driver car insurance is a higher risk for the insurance company and therefore is always going to cost more.  That being said, it is possible for parents to get the best rates available.

One common way to keep young driver car insurance rates down is to add your teenager to your current auto policy.  While this helps to eliminate some of the risk to the insurance company, you can still expect your current rates to increase.  You should also increase your coverage amounts to the maximum levels you can manage.

How to save money?

  • The type of car that will lower a young driver’s car insurance rate is the type a teen least wants to drive.  Sports cars are far more expensive to insure, and pose more of a risk.  Older, heavier cars are deemed slower and safer, therefore costing less to insure.
  • Most insurance companies offer discounts for new drivers if they have completed a certified drivers training program. These programs teach safe and effective driving techniques including emergency maneuver training.
  • Students that maintain a grade average of at least a 3.0 or better can save on their policies.
  • Avoid ALL tickets even minor speeding tickets and distracted driver tickets.
  • Avoid all accidents and or claims.

If you lend your car, beware that you are also lending your insurance. You are also lending your insurance record.

If your son or daughter lends your car to a friend that has an accident while driving your car, the ramifications could be severe.  Here are a few:

  • It is the car owner that is sued for the accident – not the driver.  And if the injuries are bad or fatal, the resulting claim could be in the millions.
  • If the accident is an at fault accident, regardless of the payout, it will be counted against the car owners good driving record. The premium increase could be unaffordable depending on circumstances.
  • If the accident is the drivers fault, the car owner will be responsible for the collision deductible.

As a parent, you should take an active role in helping your teen with their driving in order to keep young driver car insurance rates as low as possible.  Talk to your teen about what you expect from them behind the wheel, where they are going when they head out, and who they will have in the car with them.  You might even want to show your teen how to change a flat tire.

Always check to find out what discounts are available for young driver car insurance.


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