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All teens look forward to the day when they receive their driver’s license. However, parents may view this day with trepidation, for a few different reasons. One significant concern is the cost of car insurance for their teen. Below is more information about insurance for your teen driver to ensure they receive the right protection at the most affordable cost. 

Should You Purchase a New Policy or Add Them to Yours?

Adding a teen driver to an existing policy can increase your yearly costs by as much as $671. While that is substantial, the cost of buying a teen a brand new policy is considerably higher. When you add someone to your policy, the insurance company accounts for your driving history, age, and other factors, which prevents rates from getting too high. These factors are not present for a new driver, who they will consider a higher risk to insure. 

However, thesecar insurance higher rates won’t last forever. They typically persist for a few years, which can vary between insurers. Rates usually start to decline around age 19, as long as the teen has a safe driving record. Teens can also take driving courses or strive for straight A’s in school to receive even more discounts.

How to Add a Teen to an Existing Policy

Contact your insurer before your teen gets their license. That way you can discuss possible discounts and get a quote to determine how much to expect.

Once you have the necessary information and your teen receives their license, contact the insurer again to expand your policy. You may be able to take these steps online, but you will need necessary documentation, such as the teen’s driver’s license number, title for their car, and license plate information.

 

If you want to upgrade your car insurance policy to include a teen driver, contact Hummel & Plum Insurance Agency in Chillicothe, OH. As an independent agency, they leverage their strong relationships with multiple insurers to get you the best rate possible. Their car insurance policies also protect you against numerous risks, including accidents, theft, and damage caused by animals. Call (740) 773-1620 to receive a quote for your policy. Visit them online for more information about their services. 

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