As a general rule, your insurance company will automatically cover your teen while driving with a learner’s permit but check with them to make sure. You can contact us after your teen earns his or her driver’s license and add the teen to your policy once he or she becomes licensed.
Who QualifiesÂ
This is for young people who are at or above the driving age but below 20 years of age. Car insurance rates usually begin to decline around age 20, which means teenagers are typically the ones with the highest rates. Rates continue to fall as drivers age, with significantly lower premiums once they reach around 30 years of age.
Types of Coverage
Make sure you choose the right level of coverage for your teen when buying teen life insurance. If you would struggle to replace your car if it were written off in an accident, fully comprehensive insurance is the best choice. Keeping your teen driver safe will lower your insurance risk while paying a voluntary excess will lower the cost.
Reason for High Cost
The reason Teen Drivers Pay more compared to adult insurance, teen car insurance is more expensive primarily because insurance companies are taking a greater risk in insuring since young and inexperienced drivers are more likely to get into an accident.
Types of Coverage
Car insurance for Teen Drivers includes some types of coverage that, just like young adult car insurance, are mandatory.
Coverage means carrying the minimum amount of liability insurance required by your state. Drivers who are found at fault in a car accident are covered by liability insurance. A driver must carry liability insurance in 50 states.
There are two types of liability insurance: bodily injury liability (BI) and property damage liability (PD).
Major BenefitsÂ
The following are five benefits of auto insurance coverage for teenagers: liability insurance, personal injury protection, comprehensive coverage, uninsured or underinsured motorist coverage, and collision insurance.
Disclaimer: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options.