Virtually every insurer requires you to include all family members with a license on your insurance, even if they don’t drive your car. Make sure to tell your insurer when your teen gets a learner’s permit. You don’t have to list them until they are licensed. If you aren’t sure whether you need to include a teen driver on your policy in Frisco, TX, call TAB Insurance Agency, LLC for more information. In the meantime, here’s some information to start you out.
Divorced Parents of Teen Drivers
For divorced parents with part-time custody, the coverage policies vary by insurer. The best case scenario is that the parent with primary custody insures the new driver, but sometimes both have to. You can get an exclusion to avoid paying an extra premium in certain circumstances. However, if your teen driver gets into an accident, they aren’t covered.
Most of the time, it’s cheaper to add teens to your policy than to leave them off and get them their own insurance.
Choose a Car That is Insurance Friendly
One way to save money when insuring teens with their own car is to make sure the vehicle you buy is safe. This keeps down the cost of insurance because insurers take the safety record of the make, model, and year of your vehicle when they set premiums. If there are several vehicles in a household, assign your teen driver to the one with the cheapest value, since the value of the vehicle is another important factor used to determine your insurance rates.
If your child is going to buy their own car, you can check out the safety ratings on the IIHS’s website, which provides insurance losses by make and model. Older vehicles with fewer auto insurance losses usually have lower premiums and provide more coverage if your teen is in an accident.
Call TAB Insurance Agency, LLC in Frisco, TX to find out what insurance options are available when insuring your teen driver.