When should I add my teen driver to my auto insurance policy?

As a parent, you are likely aware that adding your teen driver to your auto insurance policy can be a costly experience in Wayzata, MN. But when? In this blog post, Pizano Insurance looks into this question.

When Should I Add My Teen Driver? 

If you plan on allowing your teen access to one or more vehicles, it will be important for them to be listed on the family’s policy as soon as possible. 

What Are My Options? 

Once you have decided that it’s time for your teen driver to join the family auto insurance policy, several options are available. Some standard options include non-owner liability coverage, which covers only liability; comprehensive/collision coverage, which covers personal property damage; and full coverage, which includes both property damage and bodily injury protection. You may also want to consider adding rental car reimbursement coverage or uninsured motorist protection if applicable. 

How Can I Lower Costs? 

Adding a teen driver does not necessarily mean that premiums will skyrocket overnight—there are plenty of ways for parents to keep costs down. Many insurance companies offer discounts for young drivers who take specific safety courses or get good grades in school. Additionally, many companies will offer multi-car discounts if multiple vehicles in the household are insured under the same policy.

Ultimately, when it comes time to add a teen driver onto an auto insurance policy, it’s important for parents in Wayzata, MN to understand their options and look into any potential discounts that might apply before deciding what type of coverage is best for their family’s needs. Do you still have questions? Contact Pizano Insurance today – we are here for you.