Even if you’ve got driver’s license, and as you are probably aware, it is illegal to drive the vehicle on road without auto insurance. The insurance rates are likely based on how often you land up in a crash. According to a recent survey, the risk of accidents per mile driven by teenagers is three times higher than drivers in the age group of 50-70.
Saving Money on Policies
It is usually cheaper to add a teen to their parent’s policy rather than hunting for a separate insurance policy. Most premium policies won’t charge extra until they aren’t a licensed driver; otherwise, adding a teen driver to your policy can come with a hefty price tag.
On the other hand, if you drive an expensive car or your driving document leaves a lot to be desired, you don’t have to spend much on getting a separate teen policy.
The cost of the auto insurance for teens doesn’t have to break the bank as you can get affordable and dependable teen policies. In order to help your teen be a smarter driver, you should learn the top risks for teen drivers and how to handle them, helping them to get smarter driving decisions.
Ultimately, helping your daughter or son establish a good driving record will be the best defense against high insurance rates. However, accidents, traffic violation, drunk-and-drive also directly affects take the insurance rates to sky rocket.