Your eldest has just received a driver’s license from the motor vehicle facility in Harrison, AR. Now comes the expensive part: insuring your teen and entire family adequately for driving. Navigating auto insurance can be tricky for parents dealing with first-time drivers. Foresee General Insurance Agency Inc. can help you navigate the considerations you’ll face with an inexperienced driver on your insurance coverage.

Beyond Premium Increases

You probably already know that your premiums will increase significantly, especially if your new driver is male. However, there are several steps you can take to mitigate that premium hike. Adding your teen to your policy will increase the premiums for every vehicle on your policy. However, you’re better off adding your teen to your existing policy rather than purchasing a separate policy. This is because you and the other adults in your household have a driving history, which results in lower rates compared to an untested driver on a standalone policy.

Other Measures You Can Take

If the license is more of a “want” than a “need,” delaying a full license until your teen turns 17 can result in considerable savings over the year. Another money-saving tactic is not buying your new driver a car and instead allowing them to share other family vehicles. Again, you’ll need to weigh the “want” versus “need” factor. Some parents also require their teen to pay for a vehicle, at least in part, before adding one to the policy. Finally, if you do eventually add a vehicle to your family policy, consider insurance ratings to help minimize costs.

Find the Best Policy for Your Family

Finding the best auto insurance policy for your family when you have a teen driver in Harrison, AR, is easy when you work with Foresee General Insurance Agency Inc. Call our office today to discuss your options.