Prince Edward Island Auto Insurance for Teens

When teens are ready to get Prince Edward Island car insurance coverage, they should brace themselves to be ready to pay higher rates than more experienced drivers. Insurance companies know that young drivers present a higher level of risk than more mature ones, and they are charged higher rates as a result. Young males present the highest level of risk for car insurance purposes and pay higher rates than young women do for Prince Edward Island auto insurance coverage.

Rather than have a teen driver buy his or her own insurance policy, a more economical choice is to add the young person onto a parent’s car insurance coverage. This will mean an increase in premiums, but not to the same extent as if the teen bought his or her own coverage.

Adding a teen to a parent’s Prince Edward Island auto insurance policy is a good time for the parent to start shopping around for coverage. Going online is a good way to check out different insurance providers and compare rates.

When asking for quotes for coverage, be sure to list all the drivers in the household, including the teen. Even if the young person doesn’t drive the parent’s vehicle often (or at all), the insurance company considers whether the teen has access the car when setting rates.