Choosing suitable car insurance for teen drivers takes careful consideration, as your plan must cover all the relevant risks while still within your budget. This guide explores your various coverage options and how to determine the best state-specific insurance policies for your teen.
Teenagers are naturally less experienced than some adult drivers. Even so, they spend a lot of time on the road traveling to and from school, friends’ homes and other places. This makes it essential to ensure they have car insurance to support them financially and physically. It offers protection from legal and financial liability and may even provide roadside assistance.
Choosing an appropriate level of coverage for your teen requires having good knowledge of the area, whether driving in your area is usually safe and how good of a driver your teen is. Here is some basic information about the most prominent types of coverage to help you determine a suitable match:
Comprehensive car insurance for teens aims to provide coverage when there is damage due to:
Some states, like Missouri, have laws that require all vehicle owners to have liability car insurance to provide coverage to any injured or damaged parties when they are at fault for an incident. Without liability insurance, your teen may incur penalty fees and suspension of the driver’s license or license plate. Here’s what these state-specific insurance policies can offer:
Collision coverage is a great asset if you’re still financing the car. This coverage reimburses you for damage to the vehicle during a collision. It primarily covers situations when the vehicle was moving, like after hitting a guardrail, incurring damages from road hazards like a pothole or colliding with another vehicle.
Some additional policy options include:
Adding a teenager to a parent or guardian’s existing policy is one of the most cost-effective car insurance options. You may even be able to get teen driver discounts and other benefits that lower the price. If you have serious driving offenses or often receive tickets, it may be more affordable for your teen to take out their own policy.
There is often a difference in costs and rates of car insurance between male and female teen drivers. According to data from Bankrate, the average full coverage vehicle insurance rate for a 16-year-old male per year is over $4,500, while a 16-year-old female may pay around $4,200. These rates may go down for your teen as they grow older. For example, 19-year-old males may only need to pay around $3,500 per year, and females of the same age may pay over $3,100 on average.
Some factors that influence your teen’s car insurance rates include:
Choosing a car insurance policy that best suits your teen depends on various factors. Here are some effective tips for exploring and comparing your options:
The best way to save on car insurance for students and teenagers is through a company’s discounts. Here are some factors that may help:
When choosing auto insurance for your teen, it’s essential to look at the company’s reputation, coverage options and discounts. At David Pope Insurance, we know how important it is to keep your children secure financially and physically. David Pope Insurance is a family-owned insurance company that has been delivering teens and families quality insurance services for more than 15 years.
We have various types of auto insurance coverage for teens, from comprehensive insurance to accident forgiveness. We also offer great discounts and flexible schedules. For a quick custom quote, contact our experienced agents today and receive the answer you need within the same day.
