Is Your Kid Driver Insured Under Your Policy?

Is Your Kid Driver Insured Under Your Policy?

Has your teenage son just gotten his driving license last week and you are wondering whether he will be covered by your auto insurance policy? No, he will not be covered by your auto insurance policy.

No one can share his auto owner’s insurance with anybody, be it his family or friend. But you can include him into your insurance cover following some legal steps. So as soon as your teenage son or daughter gets behind the wheel following a learner’s permit, you should call your insurance carrier to find out how this affects your policy as well as premium, because in most of the cases, it has been seen that low cost auto insurance can never be provided to a teenager.

There are some carriers, who automatically add a household’s newly licensed driver to a policy, while others require that you individually add each person. The regulations for automatic inclusion may vary by state. You have to be sure to research your policy and verify the status before your child gets the license.

You would not want to run the risk of having an uninsured driver because your carrier will automatically extend the insurance coverage. At the same time having a teenager on your policy will automatically increase your premiums, sometimes by 100 percent or more. But the cost of not insuring your teenage son or daughter can be dangerous. Your premium rates will be increased but for a good reason. According to the National Safety Council, drivers aged between 16 and17 are three times more likely to be in a traffic accident than adults while boys cost more to insure than girls.

Once your teen child is insured under your auto insurance cover, there are some measures you can make to cut the costs of the insurance covers. There are some tools available only for the parents, who are trying to save some money on their insurance premiums while their teens are included on their policies. You can raise the deductible, which will lower your premium. But get auto quotes and compare pros and cons before making your decision.

You can be benefited from a multiple-policy discount. Children, who have good grades, can save their parents headaches and money. How? If your kids receives good marks in school such as a B or better, his indemnity rates will drop. Parents can adopt a car with all safety features, which will definitely decrease the premium rates.