Four Things Teen Drivers Should Know About Auto Insurance
While most teens are counting down to the day they take their driving test, few consider the realities of auto insurance when anticipating this storied rite of passage. Parents can review this guide to insurance coverage and share it with their teen driver. Once he or she has a brand-new license in hand, it’s important to have coverage from a trustworthy auto insurance agency.
Family Policy or Separate Coverage
Adding a teen driver to a family policy is often more affordable than a separate policy, although parents should shop around to get the best possible rate. While an inexperienced driver may cost the policy premium to increase, it can also create eligibility for high GPA and multiple car and driver discounts. The auto insurance agency can help customers explore scenarios to find the best option for the entire family.
Parents have one more reason to make sure teens are doing their homework. Drivers with high GPAs can often qualify for a special auto insurance discount. Some families thus require that a new teen driver keep up their grades to retain their driving privileges (which of course doesn’t hurt when it comes time for college applications).
Consider Make and Model
Not only is a sedan safer than a sports car for a teen who is behind the wheel for the first time, but it’s also much more affordable to insure. Those who are shopping for a new or pre-owned vehicle for a new driver should check the insurance costs for that specific make and model before signing on the dotted line.
Drivers With a Learner’s Permit
Teens must carry proof of auto insurance when operating a motor vehicle under a learner’s permit. In Oregon, required coverage includes liability, personal injury protection, and uninsured motorist insurance coverage. Parents should consider seeking insurance for teens as soon as they get their permit, which can be as early as age 15.
Request a free quote for the new teen driver from Focus1 Insurance Group in Medford. We strive to create strong relationships with our clients and advocate for their needs. As a broker, we can help customers shop rates from several major insurance companies to find the best premiums. Call our team at (541) 772-3120 to get started today.