Every parent is apprehensive about the day their teenager gets behind the wheel, and for good reason. A learner's permit is a rite of passage, but it means your car insurance rates will go up when you add your child to your policy. Adding a teen driver to your coverage often is expensive, so it's important to ensure your family and assets are protected. Reed Brothers Insurance in Campbellsville, KY, would like to explain a few aspects to consider when insuring a teen driver.
Ask Your Agent When To Add New Drivers To Your Car Insurance
Many insurance agencies have drop-down provisions in their car insurance policies that significantly reduce the coverage for any driver not explicitly listed. Some insurers prefer a teen driver to be added to their parents’ plan when they first start learning to drive, while others require you to wait until they're a licensed driver. Before your teen gets behind the wheel, check with your insurance agent about adding them to your policy.
Increase Your Liability Maximum
According to the Centers for Disease Control, teenage drivers are nearly three times as likely to cause a fatal accident than people in any other age group. If your teen driver causes an accident that results in a serious injury or property damage, the victims are entitled to file a claim against you, so it's in your best interest to raise your liability limits until your child is older. By increasing your deductible, you might provide the coverage your family needs without increasing your monthly premium.
For over a century, Reed Brothers Insurance has been helping drivers throughout south-central Kentucky get the car insurance they need. Visit their website to learn more about their auto policies, and call (270) 465-2717 to make an appointment with an insurance coverage expert.