Buying a Car as a Holiday Present for Your Teenage Drive – Insurance Needs

For your teenage driver, there’s no better holiday gift than a car of their own. For parents, there’s more to consider than just the cost of the car – there’s also the question of insurance. Whether you’re paying for your child’s insurance or having them work to pay it on their own, there are some things you need to know in order to choose the right policy for their needs and your financial protection.

Considerations for Teen’s Auto Insurance Protection

You should realize that teen auto insurance is often at a higher rate than an older more mature driver for a reason, they’re more likely to make mistakes behind the wheel. This also means that you’re more likely to have minor to more serious repairs on their car, so keep that in mind when choosing a policy. 

Some examples of coverage (policies may include one or any combination of the following):

  • Liability Coverage. All policies should include liability, which covers any damages the teen driver is responsible for in the event of an accident. 
  • Collision Coverage. Pays for damages to the automobile, whether you or another party is at fault.
  • Uninsured Motorist. This coverage is important to safeguard in cases where another motorist does not have insurance to pay damages and medical costs which are their fault.
  • Comprehensive Coverage. Covers any damage to the vehicle that was not the result of an accident, such as falling tree branches or acts of nature.

These are only a few of the options. If you’re looking for insurance to cover your teen and their new vehicle, State Insurance Solutions can explain all of your options and get your policy started today.