Does My Teen Need Car Insurance?

Does my teen need car insurance? If you have a teen that will be driving soon, then this article is for you.

Car insurance can be very expensive for new teen drivers, but your teen does need it. It is illegal for anyone to drive an uninsured vehicle, including your teen. It is very important to teach your teen the responsibility of maintaining insurance on their car now.

Why Should My Teen Have Car Insurance?

Because of inexperience, teen drivers are the most accident-prone demographic in America. Sixteen year olds have higher crash rates than any other group of drivers. The National Highway Traffic Safety Administration estimates that the economic impact of car accidents involving fifteen to twenty year old drivers is over forty billion dollars. Another report by AAA estimates that thirty-four billion dollars in damages results from car accidents involving fifteen to seventeen year olds alone. Because it is so likely that a teen will have a car accident, weather it’s a serious crash or just a small fender bender, it is very important to get your teen’s car insured.

What If My Teen Just Borrows My Car?

If you’re holding out on getting your teen their own car and they are just borrowing yours from time to time, you need to add them to your policy. Your teen may just be using your car to go back and forth to work, but no matter how close their job is, they can still have an accident. Most car accidents happen within a mile from home.

What Kind of Coverage Should My Teen Have?

Full coverage insurance is unquestionably the best option for teen drivers. Because of their natural vulnerability to car accidents, teens should have as much coverage as possible. With the high car insurance rates for teens, you may be tempted to go with liability only. Liability is definitely better than nothing, but if you can afford it, full coverage is well worth it.

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Does My Teen Need Car Insurance?

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