What mistakes you should avoid while purchasing teen auto insurance

It is a statistically proven fact that the teenage drivers are likely to cause more accidents on road than the older drivers. Therefore, the insurance companies often charge more for insuring a teenage driver, who’s below 20 years of age. However, this is not the only reason for the comparatively high cost of teenage auto insurance policy. Many a times, you commit certain mistakes while purchasing car insurance for your teenager.

6 Teen auto insurance mistakes to avoid

You should avoid committing the following mistakes while buying a car insurance policy for your teenage daughter/son. It will help you to buy a policy at an affordable premium rate.

Compromising on coverage

Many of you go for less than adequate coverage while purchasing a teenage car insurance policy. You should never do so especially while buying liability coverage. If you have adequate liability coverage, then your insurer will pay for the damages caused to a third party (including property damage or bodily injury) when your car is responsible for it.

Assuming insurance coverage

Do not make a costly mistake by assuming anything and everything is covered under the teenage auto insurance policy. It is advisable that you ask your insurer to give everything in writing and go through the conditions carefully before buying the policy. It will help you to know about the terms and conditions of the policy contract, which in turn, will help you to settle a claim fast.

Not shopping around properly

Are you not shopping around for rates due to lack of time? You may get the required coverage at a comparatively lower cost if you shop around for rates and compare them. However, you should always weigh the cost of the policy against the coverage offered by it.

Going for a low deductible policy

Many of you opt for a low deductible amount while purchasing auto insurance for your teenager. However, you should choose a comparatively high deductible amount that will help to reduce the premium cost of the policy.

Not informing your insurer everything

Do you know that certain changes can affect the premium cost of your car insurance? Yes, it is true. You may get discounts if you install safety features in your teenager’s car. The insurer may also offer the coverage at a discount rate if your teenager takes a driver’s education course. Moreover, insurance providers usually offer good student discounts on car insurance. Therefore, mention everything to your insurer while buying teen car insurance.

Do not make vehicle modifications

Often young people fancy about using fashion accessories in the car they’re driving. However, these modifications increase replacement cost of the car, which in turn, increase the premium cost of the car insurance policy. So, don’t make such costly modifications in the car.

Apart from purchasing a separate auto insurance policy for your teenager, you can put your daughter/son on your policy as an additional driver. It will make them eligible to get all the discounts that are applied to your policy. You can include your teenager’s name as ‘occasional’ driver in your policy. If your teenage daughter/son drives a separate car, then you can purchase auto insurance for him/her from your existing company. It may help you to get discounts on the teenage car insurance policy.


Keyphrase: auto insurance

Description: Know how to avoid committing 6 mistakes while buying an auto insurance policy for your teenage son or daughter.