What You Should Know Before Buying Car Insurance for Teenagers

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When it comes time to buy car insurance for teens, there are several things you can do to lower the cost. It can be much costlier than necessary if you just buy it without planning to get better car insurance rates.

Add the Teen to Your Policy

Instead of buying a new policy, which would be considerably more expensive, it is cheaper to add the teen to your policy. Forbes says that many car insurance companies will let you add a teen to your policy when they get their driver’s permit for free. You will start paying higher premiums once they get their driver’s license.

Some states will not let you get coverage while the teen has a learner’s permit; other states require it.

Avoid Buying Minimum Coverage

Forbes also advises that you not try to save money by buying minimum coverage for your teen driver. They are more prone to get into accidents, which is why it is better in the long run for you to get full coverage. Although you could just get covered for the other person’s car and property (liability car insurance), it is better to cover any damage that may occur to your car, too (comprehensive car insurance).