The teen years are an exciting and stressful time in a parent’s life. In addition to all of the new emotional issues you are getting to face with your teen, there are also several practical issues you will need to address. One of these issues is car insurance. Your car insurance will change now that you have a teen driver in your home. Find out which changes you can expect.
Expect a Rate Increase
Adding a teen driver will increase your rates to some degree. The reason for this is because a teen driver is just a bigger risk, period. There is no way to get around this. You are going to be required to invest more in insurance while your teen is living at home and driving. Rather than get angry or frustrated about this, try to remember that this is a learning experience for your child just like everything else. This is also temporary.
Set Harsh Consequences for Driving Violations
Your teen should understand that their driving behavior will affect your insurance rates. Speeding tickets, accident and other issues will have a direct result on your rate. Set harsh consequences in place when your teen has a violation. This will help your teen take this seriously.
Prepare for Good Driving
Make sure that your teen is well prepared for driving. A thorough driver’s education course is the best way to ensure that your teen knows the best practices when it comes to driving. If your teen’s school does not offer driver’s education at school, then you will want to invest the money in the course. It will be well worth it in the long run.
Look for Discounts
Some insurance companies do offer discounts for good grades. Learn about these programs so that you can take advantage of those.
If you would like to learn more about insuring teen drivers, contact Don Allred Insurance serving Burlington, NC.