Do Teen Drivers Make Your Policy Cost Increase?

So, your teenager just started driving and now you are searching for insurance options but are worried about how adding them to your policy will affect your premiums. This is a very common situation and naturally raises many questions about insurance coverage and the effects they will have on the arrangement. 

Adding A Teen Driver

It shouldn’t come as a surprise that teen drivers are going to make your policy premiums increase significantly. That is because teen drivers represent a much higher risk of accident due to their inexperience as a driver. If you are planning to add them to your policy there are a few things to consider first. If they have an accident, it will count against you on your policy which can impact your ability to maintain your coverage. In addition, you will also be required to pay a significantly higher premium once they are added. Over the course of time, the cost to provide coverage will decrease but expect changes in your cost and you will also assume some risk based on their driving record. Consult your insurance agent about either getting a separate policy or discuss the impact of your current policy before making a decision. 

Working With An Agent To Get Teen Coverage

If you are unsure how to proceed when it comes to getting your teen driver insurance coverage, you should consult an experienced auto insurance agent to get a better insight and learn what your different options may be in your situation. Individuals who are interested in insurance coverage for their teen in the Ashland, KY area should check out Sharp Insurance & Financial Services. They can assist you with finding policies that meet your needs as well as helping with any future claims.

Secure the insurance coverage you need for your teen driver in and around the Ashland, KY area by working with Sharp Insurance & Financial Services.  They can give you peace of mind you need to keep your teen driver safe on the road.