Insurance Information for Teen Drivers
When teenagers turn 16 years old, most work hard to get their driver's license. The next thing they should get is car insurance. According to the Rocky Mountain Insurance Information Association (RMIIA), the least expensive option is to be added to their parents' policy.
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Features
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The RMIAA says that every state requires motorists, including teens, to have auto insurance with minimum liability limits. You should ask your insurance company what the requirements are for your state. For example, in Wyoming the requirement includes $25,000 per person for bodily injury.
Benefits
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Insurance company Esurance says that auto insurance premiums for teens are higher because of the higher risk of having an accident. Auto insurance helps cover car damages, and depending on the level of coverage, covers hospital costs for anyone injured. It can save teens and their parents a lot of out-of-pocket costs.
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Considerations
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According to the RMIIA, there are ways to decrease premiums for teen drivers. Some companies give discounts for good grades and taking a driver training course. It is also less expensive to insure cars that are not targeted by car thieves, costly to repair or a high-performance vehicle.
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