Benefits of Getting Auto Insurance for Your Young Driver

Updated March 5, 2024  |   Published September 8, 2022

Categories:  
• Auto Insurance
• For Drivers
• For Parents

In almost all of the 50 states, teenage drivers are required to be insured to drive a car. Insuring your teenage driver gives you peace of mind, and it gives them the protection he or she needs in the event of an accident.

 

Benefits of Insuring Young Drivers

Coverages.

There are several helpful coverages that you receive being insured by an auto policy. These coverages are:

• Liability Insurance. Liability insurance can help cover some expenses when you’re at-fault. Getting liability insurance can cover costs of repairing properties damaged by the accident, as well as medical bills for injuries that may have been sustained during the crash.
• Personal Injury Protection. This coverage is essential, and most states even require it. Costs associated with car accidents can quickly add up, especially if several people were injured. It would be wise to consider getting this coverage to pay for you and your passenger’s medical bills.
• Comprehensive Coverage. This coverage is not essential, but it does have an excellent advantage for car owners. This type of coverage is for costs that aren’t related to accidents, like when your vehicle is stolen.
• Uninsured or Underinsured Motorist. This type of insurance coverage will benefit you when you get in an accident, where the other involved motorist in the crash is either uninsured or underinsured.
• Collision Coverage. This coverage will pay for your car’s damages from the accident. If you have a loan against your car, you’ll be likely asked by the bank to invest in collision insurance.

Add-ons.

Add-ons can help enhance your car insurance policy by providing extra protection that basic coverage doesn’t provide. For a comprehensive list of what add-ons we can secure for you, contact one of our agents today.

Purchasing a Policy

There are two options for insuring teenage drivers: putting them on their own policy, or adding them to yours. Let’s break down the benefits of adding your teenager to your auto insurance policy, as well as the average cost of having separate policies versus sharing one policy.
Here are some of the benefits of having your teen driver on your insurance policy:

1. Control. Since you already own the policy, it is easy to add or update coverages to ensure your teen is protected at all times.
2. Flexibility. If you own more than one vehicle, your teen has the option of being insured to drive all of them. This is especially convenient if you don’t plan on sharing a car with your teenager.
3. Convenience. You only have to manage one policy.

 

A common question that many parents ask is, “Is having my child on my policy cheaper than having them on their own? Having your teen on a separate policy is rarely the cheaper option, however in the rare case that you have an expensive car that you don’t want them driving, having their own policy with just the car that you want them driving may be the best option for you and your family. There’s lots of variables to consider when quoting your teenager for an auto insurance policy, so premiums will often vary. Let’s break down the range of the cost of adding your young driver to your policy versus having their own policy:

Adding to your policy

$1,500-$2,500 per year¹

Own policy

$4,500+ per year¹

Though the numbers show that adding your teen to your policy is the most affordable option on paper, we recommend working with our agents, to ensure that you’re getting the right coverages tailored to you. Our agents have years of expertise that will be applied to help make the most fiscally responsible decision in regards to protecting your assets.

 

Ways to lower your premium for teenage drivers

For a comprehensive list of ways to save when you add a teen driver to your insurance policy, check out our article.

 

At WebFirst Insurance, we want to provide your family with peace of mind before your new driver hits the open road. Consider contacting us to get a quote for your next insurance policy, and see how we can get you the best insurance for your needs.

 

1: Information collected from auto insurance policies written via WebFirst Insurance agents.

 

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