Common Mistakes to Avoid When Buying Auto Insurance for Your Teen
Avoid Making These Costly Mistakes
For many parents, having a new teen driver can be an exciting – yet stressful – event. It’s only natural that you worry about their safety behind the wheel. After all, you know how dangerous the roads can be. The parents of a teen driver, it’s not only your responsibility to teach them how to drive safely, but it’s your duty to ensure they have the necessary auto insurance in Banning, CA. To make sure you get the best coverage for your teen, here are a few mistakes to avoid.
- Avoid carrying a low deductible
A deductible is the amount paid before a claim so that the insurance policy will kick in. In most situations, carrying a higher deductible will mean lower premium costs. Auto insurance rates for teenagers are generally higher because of their risk factors, so having a higher deductible can result in immediate savings. Before you raise your deductible, however, make sure that it is an affordable out-of-pocket cost.
- Avoid taking out a separate policy
You may be concerned about adding your teen to your policy because they will raise the rate of your premium. In this case, you may be considering taking out a new auto insurance policy for your teen. However, this results in higher rates overall because it is a single policy and you will have to buy a high-risk policy. In the long-run, it will cost more to purchase your teen separate coverage.
- Not taking advantage of discounts for teen drivers
Ask your insurance provider if your teen is eligible for any discounts. Your teen may be entitled to savings if they get good grades in school, if the vehicle has automatic seatbelts, or if they take a driver’s safety class.
When it comes to insuring your teen’s vehicle, take your time and compare your options. For quality auto insurance coverage, contact Little & Sons Insurance Services. We help you protect what matters the most.