Is your teenager about to become the newest driver in the family? Getting a driver’s license is usually a joyous milestone for the new driver, but can raise blood pressure and insurance premiums for the parents. Take a deep breath—adding a teen driver doesn’t have to be scary.
Here are some positives thoughts to help guide you through the transition:
- Car insurance will help keep your teen driver and assets protected. A new driver should have auto insurance, even if they do not have a car. Talk with your auto insurance agent. In most instances, it is best for parents to add the teen driver to their auto policy as opposed to starting a brand new policy.
- Good grades mean greater savings because most auto insurance companies offer discounts for good students. Adding a teen driver to an insurance policy is going to increase your insurance premiums, so doing well in school is a win for everyone!
- Planning ahead with your teen driver can help prevent accidents and prepare them for what to do if an accident happens. Talk about traffic laws and the rules of the road. Tell them who to call in the event of a breakdown. Show them where to find proof of insurance and vehicle registration.
- Running errands and driving to extra-curricular activities and work can be less stressful with another driver in the family to share the shuttling responsibilities. Plus, it can provide your teen driver more driving experience in familiar areas.
- Driving habits of others in the family can improve when they realize that new drivers are paying attention and are likely to mimic what they see.
When there is a new driver in the household, it is a good time to review your insurance program and consider purchasing an umbrella policy if you don’t already have one. Talk with your agent about changes needed to your insurance and any additional discounts you may qualify for.