How to Add a Teen'due south Car to Your Insurance

Mom driving with teen in insured car Mom driving with teen in insured car

Yous've been playing taxi driver for your loftier schooler for a few years, and now that she'southward gotten her driver'southward license, she'due south borrowing your car, leaving you stranded. Maybe information technology's time to consider getting her a machine of her own, but what bear on will that have on your auto insurance?

It'southward a daunting prospect, especially since the boilerplate annual cost of car insurance was $907 in 2014, according to information site ValuePenguin1. And insuring teens can be vastly more than expensive — it costs, on average, $6,456 a year to insure an xviii-year-old2, although your teen may get a unlike rate. (And if you're insuring your teen on your policy, y'all've already taken something of a striking — so you're merely taking on another machine and designating your teen as the commuter.) Here are some things to consider:

  • What kind of car would you purchase? While it'due south a subjective decision with many variables to consider, yous may want to consider the touch on your option will accept on your car insurance rates. You may pay more than if you buy a car that's plush to prepare if it's in an accident, such as a hybrid. But if yous decide you want to become the hybrid car route, be sure to explore whether there is a hybrid discount bachelor. You will also want to check with your insurer earlier you purchase to brand sure the car y'all're considering won't cost an arm and a leg to insure considering of its reputation as being expensive to repair.
  • How would it exist used? If the additional car would be primarily for a short school commute or for casual apply, make sure your insurer knows this. You may get a disbelieve for a motorcar that isn't piling on the miles or used in a lengthy work commute.
  • Have y'all bundled your insurance policies? Bundling ways buying more than one kind of insurance from the same company. So, for case, where available, you could buy both your abode and your automobile coverage from the same insurer — and more often than not that company volition give you a discount on one or both policies. If you're adding a third car and don't have whatsoever other policies with your automobile insurer, it's worth pricing out the option.
  • Have you lot gotten other quotes? Generally, having three cars insured with the aforementioned company will toll less than splitting them up, but with a teen driver, that's not a given. If adding the third vehicle with your teen as the main commuter is too pricey, review your coverage to make certain it is the all-time value for your coverage.
  • Would your teen take a course? Depending on your insurance, you may get a slight disbelieve if your new driver participates in a commuter preparation or defensive driving form, which he or she may be able to practice online, depending on your state. In fact, you may become even more of a discount if all of the drivers in the business firm take the defensive driving course. Ask your insurer what that might do for you.
  • Good student discounts are out there, too. If your teen is earning skillful grades in school, he or she too may qualify for a discount for that too.

With so much competition among insurance providers, your family can benefit from inquiring most all of these possible options to secure the best car insurance policy for your upkeep and your protection. And retrieve near the new liberty you'll enjoy one time your teen isn't borrowing your car anymore.

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