How to Add a Teen to Your Auto Insurance
It's the day every teen dreams of and the day every parent dreads--your teenage son or daughter is ready to start driving and you're getting ready to add him or her to your auto insurance policy. As you probably know, adding a new driver to your insurance policy will most likely result in a higher insurance premium. Before you start panicking, however, you should know that there are ways to reduce the cost. Follow these steps to learn how to add a teen to your auto insurance.
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Instructions
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Check with your current insurance provider to see what types of discounts they offer for new drivers. Most insurance providers offer reduced rates for good students (a B average or above).
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Enroll your teen in a driving class. Practically all of insurance providers offer lower rates for teens who complete a driver's education course.
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Consider raising your deductible. The amount of your deductible is one of the biggest factors used to determine your premium, and compared to the standard $250 deductible, a $500 deductible can reduce your premium by as much as 30 percent.
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Determine which car your teen driver will be using. This information will be required to receive an accurate quote. Most insurance companies assign drivers to each of your insured vehicles, so you'll need to have this information in hand.
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Request quotes from other insurance companies. Although your current provider will usually offer the lowest rate, that's not always the case, so it's important to know all your options.
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Contact the insurance company. If you're sticking with your current provider, adding your teen to your policy is simple: You'll just need to provide his or her information and let the company know which car he or she will be driving.
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Tips & Warnings
When selecting a car for your teen driver, it's best to assign him or her to an older, less expensive vehicle, as older vehicles cost less to insure. Your premium will not usually go up until your teen driver has his earned his or her actual driver's license, so you most likely do not need to notify your insurance company if he or she only has a driving permit.
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- Photo Credit Andrew C.
