Should my Teen Get His Own Car Insurance Policy?

 

February 21 2009 by author in Young Driver Insurance |Comments Off

Reader’s Question:

I have a young driver here in Texas, do you think it’s a good idea that I buy him his own auto insurance policy? I’m afraid that my premiums may increase too much if I add him under my coverage.

Florence

Irving, TX

You have a very interesting question. If you are looking to minimize auto insurance costs for your young driver, We highly suggest that you add him under your existing insurance policy as it would almost always be significantly more expensive to maintain a separate auto insurance coverage for a young driver. Young drivers have an inherent high-risk of getting into serious car accidents once they are behind the wheel and this is the major reason as to why premiums are expensive for them.

Placing young drivers under your own policy is more cost-effective. You would also usually get discounts from your carrier for adding an additional named driver on your coverage. Here’s another tip to lower your premiums with a young driver: have them take defensive driving courses, encourage them to do well in school to get good student discounts, consider raising your deductibles to the next tier to lower premiums. Also take a look at making annual payments instead of monthly since this is usually cheaper in the long run.

To find the most affordable rates and competitive young driver auto insurance in Texas, we suggest running free quote checks using the free search tool on this website. With this tool you get to access the most up-to-date rate offers coming from many different auto insurance companies,maximizing your chances of getting the policy that best suits your circumstances.

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