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Teen Car Insurance

Teen Car Insurance in Johnson City, TN

 

If you have a teenager who has reached driving age, it can mean some freedom for you since you won’t have to serve as a taxi any longer. However, with the extra time on your hands, you may want to pick up some additional hours at work because unfortunately, auto insurance for a teen driver can be expensive! However, it is possible to get an affordable policy if you go to the right source for auto insurance. In fact, finding the right agency can make the difference between a settled claim and a financial disaster. Here is an example.

Brad and Mary B. lived in Kingsport and their 17 year old son Henry received an unrestricted driver’s license from the state of Tennessee. Henry had been working part-time for a year and saving his money so he could afford to make a down payment on the car of his dreams. The car was a 14 year old red sports car with plenty of zip.

Henry and his father went car shopping several times and finally found a sports car in Bristol that Henry liked. Brad agreed to co-sign for thecar loan. However, Brad wanted to have a day to think it over before signing any papers.

While leaving the dealership they ran into their independent insurance agent who was also out car shopping. When Henry told the agent about the car he was buying, the agent frowned and told Henry his Teen Car Insurance would be very expensive. In fact, he said he would give him a quote later in the day. When Brad received a phone call from his agent with the quote, he was shocked. There was no way they could afford to pay the premiums.

Henry was disappointed but it was a good thing he found out before buying the car. However, there was a silver lining to the dark cloud of Teen Driver Insurance. The agent gave Henry a list of cars with affordable insurance and Henry found something he was very pleased with. Plus, the agent was able to save Henry a lot of money with insurance discounts for teens.

What Is The The Difference Between Teen Car Insurance And A Traditional Policy?

The main difference between these two auto insurance options are the risk factors. Statistics prove that young drivers are far more likely to be involved in a serious auto accident than any other age group. The reasons are quite simple. Young drivers are inexperienced and teenagers are prone to risky behavior due to immaturity. Being that the risks are much higher, so are the premiums.

Can My Teen Get His Or Her Own Policy?

That depends on the circumstances. When researching how to insure a young driver, give us a call to see how each option will affect your rates. In most cases you’ll save more by adding your teen to your existing policy, especially if you’re adding another car for him or her to drive because that can provide you with the multi car discount. But, you may find that a separate policy for your teen works better for your needs. Keep in mind that if you do add your teen to your policy, his or her driving record will affect your rate. Don’t make the decision on your own! The experienced agents at Veritas can help you make an informed decision.

How Can I Save Money On Teen Driver Insurance?

Depending on the insurer, you may have several options which can save you a lot of money. For example:

  • Good student discount – as long as your teen meets certain requirements, he or she may receive a ten percent discount or more.
  • Driver education discount – if your teenager passes an approved driver education program, you could pay lower premiums.
  • Safe driver discount – when you install a driving monitoring device on the car you may receive a premium discount as much as 15 percent.
  • Add your teen to your auto insurance policy – if your teen driver is on your policy it will be much cheaper than having his or her own insurance. This way, your teen can take advantage of discounts you already enjoy.

When you do business with an independent agency like Veritas Risk Management, we help you find the lowest premiums and best coverage options. As an independent agency, we are able to work with multiple carriers such as Gainsco, Bristol West, The General and Progressive. We know which companies have the lowest rates for your teen. We also know about the available discounts. This can save you an enormous amount of time and money while shopping for auto insurance. Also, we can help you determine the best course of action when your teen goes away to college or is using the vehicle to deliver pizza.

Our professional agents have years of experience with Teen Driver Insurance and we can help you find the best policy. To get a free quote on your auto insurance just fill out the quote form and we will contact you. Or, call us at (423) 292-4142. We look forward to assisting you!

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