Finding the right insurance
Finding the right auto insurance for your teenager
Is your teen ready to acquire their own auto insurance? Whether you add them to your own insurance plan or assist them in finding their own, these tips can help you ensure they get the right coverage at the right cost.
- Calculate how much insurance coverage is needed. When it comes to purchasing auto insurance, you'll need to determine whether you want liability-only or full coverage. You'll also need to determine coverage limits. Remember, the higher your coverage limits, the better you're protected, but that also translates to higher premiums.
- Assess whether you'll need further coverage. Additional coverage to discuss with your insurance agent includes uninsured/underinsured motorist coverage and/or medical payment insurance.
- Compare quotes. Never settle on an insurance quote provided by one company. Rather, compare quotes from multiple companies to ensure you get the best deal. Remember, walking your teen through this process while they're still under your roof will give them greater confidence to do it themselves once they're on their own.