Hey guys, Jason Newell here with 303 Insurance Brokers. I hope you are doing awesome today. One of the things I want to talk about today with this week’s insurance tip is a quick and simple one, but I get this question all the time about teenage drivers.
When To Add Teenage Drivers To Your Auto Insurance
When you have a teenage driver, when do you need to add the teenager driver to my auto insurance policy? Do you add them when they get their permit? Do you wait until they get their license, or do you have to add them after they get their license? The answer is it’s really cut and dry. It’s super simple. The answer to that is that permitted drivers do not need to get added to your insurance.
We don’t add a driver to their insurance until they are a licensed driver. Once they become a licensed driver, they’re living under your roof. So you want to add them to your auto insurance policy as quickly as you can.
The Risk of Not Adding Them To Your Auto Insurance
Other agents or companies may say, Hey, you could utilize them as a permissive driver and not list them. Save yourself a couple of dollars, but ultimately, it gives you big, big, big exposure. So my commendation is, once your teenage driver gets their license. You want to add them to the insurance.
How To Lower Down Insurance Cost
Now there are many things that we can do to mitigate the increased cost of a teenage driver. Do they have a good GPA, you know, a good student driving discount? Did they take a driver’s ed course? What vehicle are they driving? The ability to shop multiple insurance carriers is an incredible option for parents of teenage drivers. Where your teenage drivers can really drive up the cost of your insurance, and that’s frankly, because they are a huge risk.
Get An Auto Insurance Quote
If you look statistically, teenage drivers and inexperienced drivers provide the greatest risk to two accidents, but how do we mitigate that? That’s something that I specialize here at 303 Insurance Brokers. So if you have a teenage driver, you’re about to have a teenage driver, feel free to reach out to me for a great insurance quote, a great conversation about it, and I’d be happy to help you out.
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