The thought of having a teenage driver on the road is nerve-racking for most parents. With little driving experience, new drivers are at a higher risk for accidents. Of course, a parent’s first concern is the safety of their teen driver, however, the high cost of insuring your new driver and the financial liability implications of a mishap is also a concern. To get your teen driver started out on the right foot, consider the tips below! 


Before your teen hits the legal driving age, make a call to your insurance advisor

Your insurance advisor can explain the costs involved in insuring a teenage driver. The good news is, as your teenager gets older, insurance rates will drop, providing he or she has a good driving record. Therefore it is extremely important to have a discussion with your teen about the consequences of driving carelessly. When a teen driver has an accident or ticket on their driving record, insurance costs can skyrocket, and in the event of an accident, the parents of the teen driver can be held liable for any damages or injuries. 

Increase your liability insurance for greater protection

If your teen gets into an accident, state minimums for liability insurance will not be enough to fully protect you from lawsuits. If you have a teen driver on your policy, you many want to consider purchasing higher amounts of liability coverage. If your teenager is found negligent in an accident and the damages exceed your insurance limits, you will be held financially responsible and could be sued in court for those amounts not covered by your insurance. Depending on the value of your financial assets, you may even want to have the extra protection that a personal umbrella policy provides.

Keep in mind that insurance carriers offer discounts or reduced premiums to:

  • Students who maintain at least a “B” average in school
  • Teens who take a recognized driver training course
  • College students who attend school at least 100 miles away from home and don’t bring their car to campus

At RSS, we understand the worry that comes with having a teen driver on the road. Contact our office today to learn more about how to properly prepare and insure your new driver.