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Tips of adding your new driver to your auto insurance
There are so many milestones in the life of your children. The teenage years are when they begin to truly gain some independence. This can be an exciting time for families, but it can also be a bit nerve-wracking. Allowing them to get their driver’s license can definitely be a mixture of both excitement and worry. You may also be concerned about the cost of insuring your teen. To make this process easier and provide you with some peace of mind, follow these tips for adding your new driver to your auto insurance.
Prepare your teen driver
Preparing your teen driver as much as possible before they are out driving on their own can help you save money. The more prepared they are, the less chance they will have an accident, saving you money in the long run. There are a number of ways you can help them to get more preparation. One is to encourage them to get their permit as soon as possible. This will give them more time to practice driving in all sorts of weather conditions and on various types of roads. Enrolling them in a professional driving school is another consideration. They will get expert instruction, and some policies will even give you a discount for this experience. This extra practice will give you peace of mind, as well.
Increase some coverage
Increasing some of your insurance coverage can save you money on your monthly premium. For example, you could choose to increase your deductible. This is the amount you will pay out of pocket before your insurance kicks in on a claim. A higher deductible could save you quite a bit each month, and that savings would add up over time. Another option is to increase your liability insurance. Lower liability limits tend to be cheaper. However, they might offer less coverage, leaving you footing some of the bill in the event that car repairs or medical expenses go above your current liability limits. Statistically speaking, teens are more likely to have an accident than experienced drivers. Raising your liability limits could add some protection and save you money down the line.
Talk to an agent you trust
Getting in touch with an agent or insurer you trust is probably the best tip when it comes to adding a teenage driver to your auto insurance. They can advise you on the best coverage limits. In addition, experienced agents will know about any discounts you may qualify for. There are good student discounts. If you have multiple family members on your policy, it’s possible you could save some money. Bundling your home and auto policies is another option that could add up to savings. According to KBD Insurance, purchasing a property policy along with a car insurance policy can be helpful if items are ever stolen from inside your teen’s vehicle. It is important to ask your agent about these options in order to get the best deal for your situation. In addition, you could opt for a program that monitors your teen’s driving, which would prove their good driving habits over time and save you money. Your insurance agent may even be able to recommend the best type of car to buy for lower monthly rates. You’ll definitely want to talk to your insurance agent to determine when you need to insure your new driver. Some states require insurance coverage for teenagers while driving with a permit. Others allow you to wait until they are a licensed driver before needing to be insured.
Being informed can help to lessen the stress of this exciting time. Help to prepare your new driver as much as possible, and talk to an insurance agent you trust to get some details settled before adding a new driver to your insurance. These small steps will provide you with a great deal of reassurance and peace of mind, as well as