Most insurers demand that all licensed drivers in a single household have auto insurance of some form which means the moment your child is licensed to drive, they need insurance coverage.
Many parents struggle with knowing when or if they should add their teen driver to their insurance policy. There are two options when your teenager gets his/her driver’s license. You may add your teen to your policy or get one of their own. Insurance is needed regardless of which way you choose, but a decision should be made in anticipation of the day your child becomes a legal driver.
Adding a Teen Driver to Your Insurance Policy
It makes sense to add your teen driver to your existing auto insurance policy because they will probably be driving your vehicles and may not have a job yet. An advantage is that a good grade discount may be applied which will help with a reduced rate. A simple phone call can add them and though the price is sure to skyrocket, they will be covered and legal on the road.
An Individual Policy for your Teen Driver
Very seldom is this the most affordable option. Check with your current insurer about rates but typically it makes more sense to add your teen to your existing policy because on their own, a teen won’t get discounts such as for multiple vehicles. One advantage to your child having his/her own policy is that their driving record won’t affect your rates.
To be a legal licensed driver, your teen must be insured. Whether they have their own policy or you add them to your existing policy is your choice. Contact your insurer to discuss the best options for your particular situation, or shop around for the best rates possible in Phoenix, AZ.
Contact Phocus Companies in Phoenix to learn about the best options when adding your teen driver to your auto policy or getting their own. Phocus Companies was established over 25 years ago in AZ and is an independent agent, providing discounts for good drivers. Visit online or call us for a quote: (602) 955-7705.
