Car Insurance For Teens

Car Insurance For Teens

Car insurance is a form of automobile insurance that protects you against damages due to vehicular thefts and traffic accidents. More than 10 million motor vehicle accidents occur in the United States each year, and a significant portion of these accidents involve cars. Your car insurance will pay for the vehicle damages as well as health issues that may occur due to traffic accidents. The main idea is to offer you some financial safety. For a small premium each year, you will end up saving thousands of dollars if you get into an accident. If it is your mistake, your insurance company will also pay the bills of the other driver. Additionally, car insurance is mandatory in most states to drive legally. Parents with young teen drivers are always worried about the safety of their child behind the wheel. Even a small accident can lead to physical, psychological and financial trauma. If you have teenagers with a learner's permit to drive the car, they are required to drive the vehicle only when an adult is present in the front seat. In most states, they are automatically covered by the policy of the adult sitting next to them. But if your teenager is going out with an adult who is not your family member, it is a good idea to check his or her insurance before they leave. Some car insurance companies require you to add the name of the teen with the learner's permit to your insurance policy. Check with your insurance provider for more details. If you have teenagers at home who have a full-fledged driver's license of their own, you must add them to your policy as other drivers, or get them a policy of their own. Teenagers are like adults and therefore cannot drive the car without valid insurance coverage. You should consider several factors before choosing either option. If you add your teenager to your own car insurance policy, you can qualify for multi-car and multi-driver discounts. Your teenager can enjoy all the perks associated with your policy. You may, however, see higher premiums and may also end up risking your own perks for their mistakes if they get into an accident. But getting your child a separate car insurance policy comes with own set of advantages and disadvantages. Your driving records and perks will be independent of each other. Your child will not be able to enjoy your perks, and you will definitely end up paying higher premiums each month. Most parents, therefore, consider this to be their plan B.

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