Getting your first driver’s license is a rite of passage for many teens, and they can’t wait to get behind the wheel. However, parents must add these teen drivers to their insurance policies before they hit the road. In California, teen drivers must be added to their parent’s insurance when they turn 16.
Young drivers cause the most accidents and that means higher premiums for mom and dad. To reduce the sticker shock, consider raising your deductible from $250 or $500 to $1000. In addition, encourage your teen to get Bs and higher in school, they could qualify for a good student discount through your insurer.
Consider Multiple Cars
Your teen may want a sports car but getting him one is going to cost you more than just car payments. Carefully review the insurance costs for various makes and models with your insurance agent before purchasing your teen’s vehicle. You can save significant money just by switching manufacturers.
While you won’t need coverage until your teen is actually street legal, talk to your agent long before that day arrives. By working together, you can reduce the cost of adding a teen driver to your policy and ensure that you have adequate coverage too.
For more information about auto insurance in California, please contact Medwin Insurance Agency, located in Los Angeles.