Should You Add A Teenager to Your Auto Insurance Policy?

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Should You Add A Teenager to Your Auto Insurance
Policy?
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• The cheapest way to insure your teenager when
  theyre driving, is to add them to your car
  insurance policy, and while it can still be
  costly, many insurers offer competitive rates.
  Lets look at how much it might cost
• What factors determine the cost of adding a teen
  to a car insurance policy?
• A variety of factors can influence the cost of
  adding a teenager to a car insurance policy, and
  while every situation is different, it can be
  helpful to note the following

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• When a teenager is added to a standard car
  insurance policy, the average households
  insurance bill could rise by as much as 152
• Teenage boys are more expensive to insure than
  girls
• California has the highest insurance rates when
  it comes to teenagers
• As most of us are aware, teenagers are far more
  likely to crash when driving than older people,
  and in fact, the risk is four times as much, with
  16-year-olds being the most vulnerable.
• Shopping around for the best car insurance rates
  is strongly recommended, as prices can vary
  greatly from one provider to another.

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• How can you add a teenager to your car insurance
  policy?
• Its helpful to add your teenager to your car
  insurance policy when you initially sign up, but
  if you want to add them to your new or existing
  policy, heres what you should do
• 1. Contact your insurance company
• 2. Discuss the policy changes in detail with the
  insurance professional, and make sure youre
  clear on what coverage you need, and what you
  will be paying for it. Ask about possible
  discounts such as a multi-car if youre adding
  another car to the policy

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• 3. Have all relevant information to hand, such as
  your teens drivers license information and
  vehicle registration details
• 4. Dont rush into making a purchase but make
  sure that your teenager isnt driving on a full
  license without having been officially added to a
  policy, whether its yours or their own
• What happens if a teen gets a ticket?
• All driving records together on the same policy,
  will have an impact on your premiums, and while
  you may share the discounts, youll also share
  the risk. So, if your teen gets a ticket, your
  premiums will likely go up, and typically from
  between 5 and 20.

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• Can a teenager buy their own insurance policy?
• They certainly can, however, its important to be
  aware that some states have different laws
  surrounding a teenagers ability to sign for
  insurance. In some cases, a parent may have to
  co-sign, and there is little chance that doing it
  this way will be any cheaper, in fact, its
  likely to result in higher premiums when compared
  to adding a teen to an existing, parent or
  guardians car insurance policy.

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• Ultimately, there are costs involved with adding
  a teenager to your car insurance policy, but its
  the cheaper option when compared to them having
  their own policy, and as insurance is a
  necessity, its just something you have to
  accept. To find out more about adding a teenager
  to your car insurance policy, contact an
  experienced insurance professional.

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• We Insure Miami was founded on the principle that
  every individual and business, big and small, has
  assets and valuables that need to be protected
  and insured against forces outside of our
  control. We offer Homeowners, business and
  commercial auto insurance in miami FL. Our agents
  understand that you work hard every day to
  protect your car, home, business and family. WE
  are passionate about Insurance and passionate
  about serving you. If you are looking for
  homeowners or business or car insurance companies
  in miami, contact us for a quote or a
  complimentary review of your insurance policies.