Is there Car Insurance for Teenage Learner’s Permit Drivers?
If you have a teenage driver in your household who has just gotten his or her learner’s permit, you may be wondering how to provide car insurance for him or her. You may also be worried that obtaining insurance for your teenage driver will be very expensive. Fortunately, you can insure your teenage driver for less than you might expect.
Keeping Your Teenage Driver on Your Car Insurance Policy
In most cases, the least expensive way to provide car insurance for your teenage driver is to put him or her on your existing auto insurance policy. This is because many insurance companies rate based on an averaging system that assesses the risk of all drivers on the policy, and divides that risk equally among all drivers. If you have two adult drivers on your policy, adding a teenage driver will be less expensive than purchasing a separate policy for him or her. Your teenage driver will also benefit from any discounts that have been applied to your policy.
Taking Advantage of Good Student Discounts
One way to save even more on your insurance costs is to see if your car insurance company offers a “good student” discount. If your teenage driver consistently achieves excellent grades in school, you may be able to save as much as 10 percent on your policy premiums.
Defensive Driving Course Discount
Another way to save on car insurance for your teenage driver is by convincing him or her to complete a voluntary defensive driving course. As long as your teenager was not required to take the course because of an accident or moving violation, your insurance company may reduce your rates by as much as 15 percent.
Placing Your Teenage Driver on a Separate Policy
Getting a separate car insurance policy for your teenage driver is typically very expensive. Some companies will not even initiate policies for teenage drivers. This is typically a last resort, since putting your teenager on his or her own policy can be both difficult and costly.
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