It’s the day your teenager’s been waiting for, whether you’re excited or not. The smile says it all: a new driver’s license has been issued to a member of your family. And while your teenager eyes your car keys, all you can think about is what’s going to happen to your car insurance premiums.
Even if your teenager is the most careful kid in the class, statistics don’t lie. The Insurance Institute for Highway Safety recently published a report that showed that 16-year-old drivers are involved in accidents six times more often than drivers in the 30 to 59 age group. Knowing all this, it’s clear why insurance companies pump up the premiums for teenage drivers. Before your policy skyrockets 50, or even 200 percent, it’s helpful to know that you can get up-to-date information about adding a teenage driver to your car insurance policy.
Nowadays, there are a few trustworthy companies like AgentInsure that can immediately put you in touch with a licensed insurance agent in your area who can inform you about the different insurance policies and provide you with the best advice for your family. You can ask your insurance agent whether it’s better to add your teenager to your policy, or apply for a new one. In addition, your agent can also tell you about other money saving opportunities, such as enrolling your teenager in a certified driver education course. Most importantly, set the example and always take an interest in your teenager’s driving habits.