Because they are inexperienced drivers, the risk of teenagers getting into accidents is higher than it is for any other age group. Therefore, the cost of adding a teenager to your auto insurance policy can be expensive. To help you get the best coverage possible while minimizing your payments, Allstar Insurance in Lincoln, NE, offers some suggestions below.
3 Tips for Buying Auto Insurance for Your Teen Driver
1. Shop Around
To maximize coverage and minimize your premiums, it's a good idea to request quotes from three or more insurers. Even if you discover it's cheaper to simply add your child to your existing policy, it's nevertheless important to explore what's available.
2. Ask About Discounts
Many insurers offer discounts for vehicles with built-in safety or anti-theft devices. Others offer reduced rates for teens who maintain a good grade point average or earn a place on the honor roll or dean's list. Lastly, if your teen attends college, lives away from home, and only drives your vehicle during breaks from school, you can often get a reduced premium rate.
3. Consider an Independent Policy
Minor children must be added as a driver to their parents' policy, but if your child is 18 or 19, it may be beneficial to have them purchase a policy of their own under some circumstances. For instance, if they drive an old, low-value vehicle, it could be cost-effective to purchase only liability insurance on it while you maintain full-coverage on your own car.
The suggestions above should help you find affordable, high-quality auto insurance for your teen driver. For expert guidance, contact Allstar Insurance in Lincoln, NE. They can also help you purchase an SR-22 bond or motorcycle insurance. They've been in business for more than 20 years and offer invaluable advice and attentive customer service. Visit their Facebook page to view directions to their office, or call (402) 477-0900 to discuss your policy options.