Legacy Digest

Auto Insurance for Teen Drivers

Learning to drive is a rite of passage for teenagers, but for parents, having a teenage driver can be stressful and expensive. Your child will need auto insurance coverage as soon as they receive their driver’s license, and that coverage can be very expensive because of the higher risk posed by new drivers. Here are some important things to think about when purchasing auto insurance for a teen driver.

Find Ways to Save Money

• Consider vehicles with high safety ratings over sportier, more-expensive cars.
• Think about raising your policy’s deductibles to take on more of the insurance risk yourself.
• Reassess your need for collision or comprehensive coverage.
• Explore usage-based insurance, which involves installing a device in the vehicle that monitors driving behavior and rewards good driving. It’s also a way to keep tabs on your teen’s driving.