Avoid These Expensive Mistakes When Insuring Your Teen Driver

Don’t overspend on your teen’s auto insurance.

When your child is finally able to get behind the wheel, you can’t always be with them to keep them safe.  This is why it’s so important to have the right auto insurance in Carrollton, Texas.  While insuring a young and inexperienced driver can be very expensive, there are some things that you can do to save.  Make sure you avoid these mistakes if you want to save on your teen’s car insurance.

Mistake 1: Securing a Separate Policy

When securing insurance for your teen driver, you have the option to secure them their own policy or add them to your existing auto policy.  While getting them a separate policy will ensure that the premiums on your existing policy will not increase, insurance policies for young drivers carry high premiums because insurers consider teens more likely to get into an accident.  While your rates will increase when you add your teen to your policy, this move will actually end up saving you money in the long run.  Generally, the premium increase you experience will be less than the cost of securing a totally separate policy for your teen.  Additionally, adding your teen to your policy will allow you to access multi-vehicle discounts.  So, if you want to save on your teen driver’s coverage, your best option is to add them to your existing auto policy.

Mistake 2: Failing to Apply Discounts

Many parents do not realize that their teens can access special insurance discounts.  For instance, many insurers offer discounts for getting good grades, driving a car with driver and passenger airbags, driving a car with automatic seatbelts, driving safely for a specific period of time, and taking a driver’s education class.  When securing car coverage for your teen, speak to your insurance provider to learn about all the discounts you could qualify for and make sure that you take advantage of them.

Mistake 3: Choosing an Unsafe Car

As mentioned above, your teen can get discounts on their auto insurance for driving a car equipped with certain safety features.  In general, getting your teen a reliable and low-risk vehicle will allow you to access lower auto insurance rates.  The lower your teen’s risk for an accident, break down, or another vehicular issue, the lower their insurance premiums will be.

Avoid these costly mistakes when insuring your teen driver.  Do you need help securing comprehensive and affordable auto insurance in Carrollton, Texas?  If so, then contact us at Mike Leonard Insurance Agency.  Our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Nationwide, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.