Many consider learning to drive a rite of passage for teenagers that leads to adulthood. Therefore, it should come to no one’s surprise that teenagers tend to be very excited and impatient about getting behind the wheel for the first time in their life. However, with great privilege comes great responsibility. Before you buy a car for your teenager, you need to think about buying a car insurance policy. Here is some information that will help you determine how much auto insurance you need for your teen driver in Saint Albans.

Auto Insurance South Burlington

How Much Saint Albans Auto Insurance Do You Need for Your Teen Driver?

When determining how much Saint Albans auto insurance your teen driver needs, you should start by considering state minimum requirements. In Vermont, teen drivers need to comply with minimum limits for liability coverage and uninsured/underinsured coverage.

Liability Coverage

  • $25,000 for injury or death of one individual in a traffic accident.
  • $50,000 for injury or death of multiple individuals in a traffic accident. 
  • $10,000 for total property damage.

Uninsured/Underinsured Motorist Coverage

  • $50,000 for the bodily injury of one individual.
  • $100,000 for the total injury of multiple individuals.

Depending on the experience, skill, and responsibility of your teen driver, you may want to add additional coverage on top of the liability and uninsured/underinsured motorist coverage. Some examples of optional coverage you may want to consider for your teen driver includes comprehensive, collision, medical payments, towing and labor, and rental coverage. As your teenager becomes more skilled at driving, you can always remove optional coverage if you deem them no longer necessary. Just keep in mind that it usually takes years of experience for an individual to become completely adept at driving.

Should You Add Your Teen to Your Saint Albans Auto Insurance Policy?

Once you’ve decided how much coverage you will buy for your teen driver, you’re probably wondering whether you should add your teen to your insurance policy. While most parents opt to add their teen driver to their policy, there are some advantages of buying a separate policy.

When you add a teen driver to your auto insurance policy, your car insurance rates will go up, undoubtedly. However, the costs will be even higher if you decide to buy a separate policy for your child. This is because you won’t be able to take advantage of discounts for insuring multiple vehicles. The only reason you may want to buy a separate policy for your teen driver is because your current insurance company doesn’t offer certain coverage you want him or her to have. For example, if you want an “occasional” or “pleasure-only” driver discount, you may have to find another insurance company for your teen driver.

How to Save Money on Car Insurance for Your Teen

Since teen drivers are considered a risky demographic, you can expect to pay a relitively pricey premium to insure your teenager. Fortunately, you can potentially save money on car insurance by finding out if your teen is eligible for discounts. For example, many car insurance companies offer discounts for teens who have a certain high school GPA.

Once your teenager graduates from a permit to a full-fledged drivers license, he or she will need car insurance before getting behind the wheel. If you’re still not sure how much car insurance your teen driver needs in Saint Albans, don’t hesitate to contact a local friendly insurance agent!

This material is for informational purposes only. All statements herein are subject to the provision, exclusions and conditions of the applicable policy. For an actual description of all coverages, terms and conditions, refer to the insurance policy.