lifesituation
Life situation
Adding a teenage driver
A licensed teen in the house must be on the policy — and the increase is real. There are five things that soften it.
Whatchanges
What changes
- Every licensed household member is rated, whether or not they have their own car.
- A teen assigned to the newest car costs more than a teen assigned to the oldest.
- Your liability exposure goes up more than your premium does.
What to do, in order
- Add the teen the day the license is issued; not disclosing a driver can void a claim.
- Ask for good-student, driver-training, and telematics discounts.
- Assign the teen to the least expensive vehicle to insure.
- Raise liability limits and add an umbrella; a teen is the single largest liability risk most families ever carry.
- Consider a higher collision deductible on the car the teen drives.
Coverage
Coverage to check
Get auto optionsStart with auto. Then the rest.
Umbrella
What does an umbrella policy actually do?
An umbrella adds a layer of liability coverage — usually $1 million or more — above the limits on your auto, home, boat, and other policies. It pays when a serious…
AutoWhy did my insurance premium increase?
Most increases have nothing to do with you. Carriers file rate changes with the state to keep up with repair costs, medical costs, and weather losses across everyone…
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