If you have teenage kids, you’ve likely pondered whether it is a good idea to add them to your auto insurance policy. Car insurance for teenagers in Cheraw, SC tends to be expensive so it makes financial sense to group the family together on the same policy.

In some cases, it is difficult for new teenage drivers to obtain insurance on their own. Let’s take a closer look at the challenge of insuring teen drivers, courtesy of the professionals at Ingram Insurance.

Adding a Teenager to Your Auto Insurance

Though it might be possible to write a separate policy for your teenager with less coverage, doing so is risky. Reducing coverage while forcing your teen son or daughter to pay a relatively high auto insurance premium isn’t a recipe for financial success.

However, if you were to add your teenager to your Ingram Insurance auto policy and he or she gets into an accident or gets a speeding ticket, your premium might rise. Even if you and your spouse do nothing wrong on the road, your teen’s mistake while insured on your policy can raise the group’s rate.

Discuss the Matter With Your Son or Daughter

If you are still on the fence as to whether it makes sense to add your teen to your auto insurance policy, discuss the issue with them. Creating a completely separate policy for your teenager will reduce your financial liability as parents.

However, a separate policy is likely to create large coverage gaps. Moreover, if the teen gets into one or several accidents, coverage might be dropped. If the insurer no longer wants to insure your teenage driver, he or she will be pooled into an assigned risk category.

Ideally, your teen driver will enroll in a Cheraw, SC defensive driving course to help offset the relatively high cost of auto insurance. Moreover, there might be a chance to reduce the monthly premium for a teen driver with a “good student” premium discount.

Get Your Quote From Ingram Insurance 

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