Getting a driver’s permit or a full license is an important part of being a teen. It can also prove to be an expensive proposition for young drivers and their parents. Since young people under the age of 25 are more likely to be involved in a motor vehicle accident, they pay higher rates for insurance coverage.
Parents and teen drivers can avoid paying too much for their car insurance coverage, though. Under Pennsylvania law, a parent is required to list a teen who has a learners permit on their existing car insurance policy. Not all insurance companies charge a higher premium at this point, though. Depending on the company, there may be no additional charge until the teen becomes fully licensed.
A parent should check his or her policy provisions to find out when a teen driver needs to be listed on the existing policy. If there will be no increase in premiums right away, this is the perfect opportunity for the parent to compare rates from several companies.
Any life change, including having a child in the household who is old enough to drive, merits a review of car insurance coverage to make sure that the policyholder is getting the best possible combination of a good level of coverage and affordable rates. Going online makes it easy to find out whether now is a good time to switch insurance providers.