Every driver needs insurance, even if they are under 18. Follansbee, WV, parents with a new teen or young adult driver in the home will need to either add them to their existing auto insurance policy or purchase a new policy.
Adding a Teen Versus Purchasing Another Policy
In most cases, adding a new young driver to your policy is the best option. Your premiums will incrase, but they probably won’t be as high as the cost of buying separate insurance for the new driver. That’s partly because your insurance company will take your driving record into account along with your new driver’s record. Furthermore, as your teen or young adult builds a safe driving record, the premiums will decrease over time. You can also negotiate lower premiums if your young person goes to college without a family car.
On the other hand, buying a separate policy for your teen driver could be a good idea if you own expensive assets and want to protect them from liability in the event of an auto accident. If your young driver hits another car and is taken to court, the other party may be less likely to pursue legal action if only the teen’s limited (or nonexistent) personal assets are on the line.
Call Mutual Insurance Partners for Personalized Advice
Finding the right auto insurance for your situation isn’t always easy, especially if you have a teen driver in your home. Our team at Mutual Insurance Partners specializes in helping Follansbee, WV, parents understand insurance options for new drivers and pick the best coverage for their situation. Call us for more information or to request policy quotes.
