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Step 1
Inform your insurance agent that you wish to add your teenager to your existing policy. As insurance companies require a person to be 18 before they can get individual insurance, this is the only way to insure a teenage driver.
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Step 2
Get ready to pay a high premium. Usually after adding a teenager to your existing policy, the premium is likely to go up by nearly 50 percent for a daughter and up to 100 percent for a son, regardless of your past driving record.
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Step 3
Consider buying an umbrella policy with additional liability. Ask your insurance company representative to provide more information on comprehensive coverage.
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Step 4
Ask the agent ways to lower your premium and discounts. Each company has different rules for discounts, too.
• Notify your insurance agent exactly when your teenager will be away at college and not driving. The school should be located at least 100 miles away from the policyholder's address. You can earn discounts on the durations when the teenage drivers are away at college.
• Choose to insure them in your safest car. Volvo, for example, is considered a safe car brand. Inquire about cars that are considered safe when adding a teenage driver to your policy.
