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If you have a child who is about to turn 16, his or her top priority may be to get a car and a license to drive it. While this may scare you as a parent, having a good insurance policy may relieve some of the stress or anxiety that you may feel about your teen driving.
Learn About Discounts For Teen Drivers
Teen drivers tend to cost more to insure because they are less experienced and tend to make riskier decisions while behind the wheel. However, you can lower your teen's rates by searching for discounts such as a good student discount or a driver education discount. By getting good grades and taking driver education courses, your teen shows insurance companies their ability to make responsible decisions.
Add Your Son Or Daughter To Your Own Policy
If your son or daughter is on your own policy, he or she may qualify for any discounts that you receive. In the event that you choose to do this, make sure that you talk to your teen about the importance of not getting into accidents or getting tickets. This is because your teen's poor driving decisions could result in your policy being cancelled as well.
Get More Than The State Minimum
Although your state may set a minimum level of insurance needed to legally operate a car, it is a good idea to buy additional coverage. Ideally, you will have at least $50,000 per person and $100,000 per accident in bodily injury coverage. This ensures that you don't lose your house or other assets if your teen gets into a serious accident.
Talk With Your Insurance Agent
The most effective way to determine how to keep your teen's insurance costs down is to talk with an insurance professional, like those at Rob Jackson Insurance. This person may be able to help design a policy that provides only the minimum level of coverage needed to protect your teen and your teen's vehicle while on the road. If your son or daughter drives an older vehicle, it may only be necessary to carry general liability insurance, and it may be possible to increase the deductible in an effort to keep premiums down.
It is natural to worry about your child no matter how old that child may be. However, a quality insurance policy may help to replace a damaged vehicle or help pay to get your teen back to health if he or she is ever in an accident.