How To Add Teenagers Into Your Insurance Policy

“Check now to see how to add your teenage drivers into your auto insurance policy without paying too much for it”


If your teenagers are learning to drive, the reality is that you may be faced with a hefty whack in your auto insurance policy. But the good news is you can still reduce the bill significantly by following our guide below:

Don’t buy a separate policy for your young driver

According to experts, drivers will get better at driving safely with time and practice. So insurers will look to charge teenagers higher because they lack experience behind the wheel, plain and simple. A good alternative to this situation is to avoid purchasing a separate policy for your children and depend on discounts to lower the premium:

If your young driver has his or her own car, you can take advantage of the multiple vehicle discounts with the same company. Insure them with small – but not cheap cars. New drivers and their parents who are finding ways to get cheaper auto insurance policy might want to consider buying cars with a small engine but lots of safety features. Variants from Toyota and Peugeot are popular among teenage drivers and are a safe choice. Please note that insurers are now offering more even premium between male and female drivers so gender is not a strong variant to have an effect on premium.

Get a telematics policy

Safe drivers are often rewarded with a low premium so it’s worth showing your insurers that your new drivers can keep himself or herself, and the car, safe on the road. Fitting a black box and allow insurers to have access to data on the car’s every move is a wise way to achieve a discount. You can enjoy a huge saving by driving sensibly and don’t make a claim for a whole year. Driving safely doesn’t mean you don’t hit anyone or damage your car in any way, it also means don’t brake, accelerate, or corner like a formula 1 driver and break the speed limit. You’ll soon get a warning letter following the incidents and if you refuse to slow down, the chances of getting a cheap premium are rather slim. The worse situation is your cover can be withdrawn.

Increase your deductibles

The whole point of paying a sum of money every month is to make sure you survive financially after an unexpected incident. As with other types of insurance, an auto insurance policy is to make sure you don’t sink into debts and car loan without a car in hand if you total yours. There is no need to purchase a full coverage if you, the parents, have enough bankroll to handle the incidents yourself. A raise of deductibles between $200 to $1000 can translate into a significant drop in your monthly premium. But an increase of deductibles must come with a larger sum of an emergency fund. If you wonder how much you must put aside, the most reasonable sum is a couple and their dependencies’ a month worth of living expenses.  If your family have such fund and can access with ease, by all means, raise your deductibles to decrease your premium.

Encourage your new drivers to take driving courses

Even if your state doesn’t require a driver’s education course, having your teens completes the course can result in a lower premium. One thing to bear in mind is that if the state does require driver’s education, it must be state-approved. Different ways to enroll in these courses are:

1. Through their high school
2. Through a third-party company (including online course)
3. Parent-taught driver’s education courses

Studying hard doesn’t only mean good grades and sometimes good colleges but also results in a lower premium. Aim for A- or B- grades.

As parents, your ultimate goal is to keep your young drivers safe on the road, but taking some means to enforce this can also reduce the auto insurance premium. Consider doing the following:

1. Make sure your teens know about your state’s teen driving regulations. Focus on driving at the certain time of the day or night, limit number of passengers.
2. Lay down your own driving regulations. If your teens are not ready to drive at night, with friends, or cover a long distance, make your own rules against these.
3. Give him or her private driving practice. You’re experienced drivers yourself so why don’t teach your teens your tips and tricks to stay safe on the road?
4. Purchase modest but safe vehicles. No matter how skillful your young drivers are, they can get involved in accidents.

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