If you have a teen in the family who is due to receive a driver’s license soon, now is the time to start thinking about auto insurance. While you can open a new policy for your teen, this is often the more expensive option. Adding a teen to an existing policy offers numerous financial benefits, as explained below. 

3 Reasons to Add a Teen Driver to Your Current Auto Insurance Policy

1. It’s Less Expensive

Opening a new auto policy for your teen will increase costs exponentially. New drivers are charged more for insurance because they’re considered to be a higher risk. This has much to do with inexperience, as well as accident rates. According to the Centers for Disease Control and Prevention, teens aged 15 through 19 were cited for 8% of the total costs of auto accidents in 2017, despite only making up 6.5% of the total population. 

2. There Are Multiple Discounts Available

It’s true that your insurance rates will increase when adding a new driver to your policy. However, there are numerous discounts available for your child as well as yourself. Teens can receive discounts for high grades, attending a driver’s ed course, and for driving a vehicle with the latest safety features. Additionally, parents are eligible for discounts for having a strong driving record or purchasing multiple policies from the same insurer. The full range of discounts is not available when you purchase a new policy for a teen driver. 

3. It Ensures Your Teen Is Protected While Driving

You may be tempted to allow your teen to drive your vehicle without proper insurance coverage. Perhaps your child doesn’t use the vehicle very often, and you have faith that he or she will be a safe and conscientious driver. Keep in mind that accidents can happen for many reasons, no matter how safe of a driver your teen is. If coverage is lacking when an accident occurs, you will be on the hook for damages to your vehicle, as well as damage and injuries incurred by others. 

If you’re not satisfied with the quote from your existing insurer, it may be time to shop around. As an independent agency, Advantage Insurers, Inc. in Demorest, GA, can leverage its extensive carrier network to find clients quality insurance products at affordable rates. They also offer numerous discounts for drivers new and old, which means you’ll be able to decrease your premiums even further if you qualify. Learn more about getting auto insurance for your teen driver by calling (706) 754-1590. You can also visit the website to get started on your quote.