Share This:

The teen years are exciting, and one of the rites of passage is earning the right to drive. When a teenager gets their license, it is another step toward independence and adulthood. But with that accomplishment comes the need for insurance. Since teens are in a high-risk category due to their inexperience, that insurance often comes with a high price tag. It leads many families to question whether a teen should have their own policy, or be added as a driver on the parent’s policy.

In most cases, it is more cost-effective for parents to add a teen to their policy, especially if the parents are safe drivers. There tends to be discounts added to the policy that the teen would not have access to on their own, such as a multi-car, or a long-time customer. Some insurance companies also offer special incentives for teens, including discounts for good grades, or good driving habits as determined by the use of a device in the vehicle.

If circumstances prevent a teen from being added to a parent’s policy, then it is possible for a teen to have their own. Some parents prefer this, even with a higher price tag, because it teaches teens to start being independent and having the responsibility of paying their own bills.

If you have a teen who recently got their license, congratulations! This is one of the most exciting milestones as your child grows up. But it can also be a little nerve-wracking for parents. You want to make sure you have adequate coverage and an insurance company that will take care of you throughout this process.

If you live in Florida, contact us. We are happy to talk with you about your options regarding a new teen driver, and can offer several suggestions to make it more affordable.

Subscribe To Our Monthly E-Newsletter
Get our monthly e-newsletter packed with insurance tips and tricks.
We will never, never, never sell or share your email address...

Robert Macoviak
Follow Me

Robert Macoviak

Rob Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.
Robert Macoviak
Follow Me
Share This: