If there’s a young person in your home who is approaching the age at which they will be eligible for a drivers license, as an adult who has been driving for years already it can be difficult to comprehend all that it means to them.
For one thing, it means a rise in social status among their peers. Also for sure it means that the world will be a much larger place, with more to experience.
Now for sure your son or daughter has some understanding of all the positive changes that being able to drive will bring to their life. However, all too often they’ll have little or no understanding regarding the particulars of the driving insurance that they must carry.
How it functions, what it costs, the things that that can affect its cost and so on. So it really is left up to you to make the big choices.
So the first decision that you have to make as a parent is the type of vehicle they will be driving and you may know already what they would prefer. For girls it’s usually some type of sporty coupe, while for boys the first choice tends to be some type of SUV.
Both of these by the way tend to be the most expensive to obtain a policy for so research insurance prices on cars before you buy one.
The next decision you have to make is to put him or her on your policy, or to have them insured on their own policy. Now it’s quite a bit cheaper to put them on yours, but before you do you need to consider one thing.
That is that any accidents that they get in, or moving violations that they receive, will drive up your insurance rates. What happens in most cases is parents end up moving them off their policy for obvious reasons.
For sure you’re going to want to go with a policy that has a large deductible because to begin with, it will come with cheaper rates. Also it’s reasonable to expect that your teen driver will get into a fender bender or two, and making them pay out of pocket will be a good lesson that will save them loads of money over their lifetime of driving.
You don’t want to make accidents, even minor fender benders, easy on your teen.
Lastly take the time to sit down with your teen driver to go over all the things that can, and will affect the cost of their drivers insurance. For sure this would include things like accidents, moving violations and adhering to any restrictions that are put on them like night driving.
Make sure that they know in no uncertain terms that they can become too expensive to cover.
Written by Brande Corbin. Looking to find the best deal on auto insurance rates, then visit Brande Corbin’s site.
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