Hit the Road: A Quick Guide to Car Insurance for Teens

A recent study found that more than 2,500 young adults were killed or critically injured in a car crash. Young adults aged 16 to 25 are more at risk of being involved in a motor vehicle accident since they are inexperienced and can become easily distracted.

To protect your teenager and their car, it’s essential that you purchase car insurance. Now, you may be wondering, “how do I get car insurance for my teenager, and is it expensive?”

Don’t worry; with this guide, you can find out! From what policies to buy to ways to save, you can learn all about car insurance for teens.

Now, are you ready to get started? Here’s a quick look at teen auto insurance:

Is Auto Insurance Required for Teens? If So, How Much? 

Yes, by law, teens are required to have car insurance. After all, car insurance protects both the driver and the car.

You can purchase the minimum amount of liability insurance to meet your state’s requirements; however, most insurance companies will see that as being underinsured. After all, minimal liability insurance does not cover damage caused by bad weather or if a teen gets in a wreck with an uninsured person. That’s why maximum liability insurance is the way to go!

The Cheapest Way to Cover a Teen Driver

The least expensive way to cover a teen is to add them to a parent’s existing policy. On average, it will cost you about $1500 for a six-month policy.

If you purchase a separate insurance policy, it can cost upwards of $3500 for a six-month policy. Now that’s a $2,000 difference!

Car Insurance for teen drivers is costly not only because teenagers are new to driving, but they’re more likely to have expensive accidents. These higher costs make it risky for an insurance company to insure teenage drivers. Due to the increased risk, insurance companies charge teens higher rates.

Ways to Save on Car Insurance for Teens 

While auto insurance here can be pretty costly for teens, there are still ways to save. Teen drivers should look into their insurance and what they allow regarding the following:

Good Student Discount 

Most insurance companies provide a good student discount to students that have a 3.0 GPA or higher. To be eligible for the discount, you must display the insurance company with the teen driver’s transcript or most recent report card. Those who earn the good student discount can save up to $300.

Purchase Auto Insurance Today 

Car insurance for teens can be difficult to navigate, but thanks to this guide, you have a cheat sheet. Start by adding your teen to your existing car insurance and ensure that your teen driver has maximum liability coverage.

Now, to save money, send in your teen’s transcript to earn a good student discount or enroll your teen in a defensive driving class. You can save at least $200 or more on your car insurance payment.

So what are you waiting for? Purchase auto insurance today for your teen!

For more information about car insurance, check out our other articles regarding auto and motor. We look forward to helping you!