Friday , 28 January 2022

7 Costly Mistakes Parents Make When Buying Insurance for their Teen Drivers

7 Costly Mistakes Parents Make When Buying Insurance for their Teen Drivers

In this article, you will find out what the most common mistakes are when it comes to purchasing insurance for your teen driver.

What are the 7 Mistakes Parents Make when Buying Insurance for their Teen Drivers?

Parents often believe that the most appropriate form of insurance for their teen drivers is a high-value policy with low rates. This could lead to an expensive and unnecessary mistake, as these policies often offer more coverage than what is actually needed.

How to Avoid Mistakenly Purchasing Teen Driver Insurance

Parents often fall victim to the marketing tactics used by insurance companies. Companies may offer a low price for only one or two months, and then increase the rate to reflect the true cost of insuring their teen drivers. To avoid these costly mistakes, parents should thoroughly research what insurance is needed and make sure they are getting the best deal possible.

Tips on how to find the Best Teen Driver Automobile Insurance

Even though the majority of teen drivers are on a learner’s permit, if you’re unsure about how much insurance your teenager should have, take these tips for consideration.

Conclusion

The 7 mistakes that parents make when buying insurance for their teen drivers are not understanding how insurance works, not shopping around for the best price, choosing too low of a deductible, not knowing the coverage limits and exclusions that come with each policy, forgetting to add coverage for rental cars, or thinking that they don’t need to add domestic or driving school.

 

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