For many teenagers, getting their driver’s license is a much-anticipated milestone. With newly found independence behind the wheel, they no longer have to rely on adults to drive them around. For parents, the transition can be a mix of excitement and hesitation. Before handing over the keys, consider adding your teen driver to your existing auto insurance policy. Here are answers to several frequently asked questions about this process.

What to Know About Adding a Teen to an Auto Insurance Policy

When should I add my teen?

Depending on your policy, you can add them when they get their learner’s permit. Doing so typically won’t affect your premiums.

Once the young driver gets their regular driver’s license, they’re likely required to be added to your car insurance plan. This will impact how much you pay for coverage. As your teen starts learning how to drive, contact your insurance provider to inquire about the coverage rules. 

How can I save money on my premiums?

Historical insurance data shows that new, young, and inexperienced drivers are more likely to be involved in vehicle accidents. Auto insurance companies charge more to cover these riskier drivers.

Discounts may be available for students with good grades or those who have passed approved driving safety courses. Talk to your insurance carrier to find out about the discounts you’re eligible for when adding a teen driver.

Does the type of car matter?

Certain vehicles such as sports cars and other high-performance models are more expensive to insure because of their greater potential of being involved in accidents. Older vehicles and sedans may be cheaper to insure due to their safety ratings.

When shopping for a car, check with the Insurance Institute for Highway Safety. It lists the safest vehicles for teens based on safety, reliability, and affordability. 

Should my teen have their own policy?

It will likely be more expensive for your teen driver to secure an auto insurance policy on their own. They typically won’t be eligible for discounts available on your existing policy.

Parents will still have to co-sign on their teen’s policy if they are under 18 and living in the household. If you’re considering this option, talk to an insurance agent to see if you can find a deal that works.

Since 1960, Phil Taylor Insurance Agency in Clarksville, AR, has helped parents protect their teens on the road. The independent firm partners with a wide range of auto insurance carriers. You can compare rates and coverage terms from different companies and choose the best option for your budget and driving habits. To learn more about adding your teen driver to an existing policy, call (479) 754-2616. Visit the website to request a free, no-obligation quote.