It’s probably the most exciting day in a teenager’s life – getting their driver’s license. It’s definitely a rite of passage! Now, that may be very thrilling for your child, but what does that mean for you? While it may be nice to know you’re not the designed chauffeur anymore, there’s all lot more involved. Here are a few things to think about when it comes to insuring newly licensed teen drivers in MA:
Update Your Insurance Policy
First and foremost you want to make sure that your new driver is added to your current policy! As part of MA law, all members of the household must be listed on your insurance policy or they will not be covered in the event of an accident. That’s very important because…
New Drivers Get into a Lot of Accidents
Statistics don’t lie. Unfortunately, new drivers have a tendency to be involved in more accidents – particularly during the first few months of being licensed. Many factors contribute to this higher incidence – inexperience, lack of wisdom, the need for speed, etc. – but you need to be aware and prepared for the possibility (hence the importance of updating your insurance policy).
Expensive But Extremely Important!
Yes, your newly licensed teen is going to cost your more on your insurance. While the thought of a major increase may be daunting, the peace of mind knowing that you’re covered and your child is protected is well worth the extra money. And remember…
Rates Will Drop As They Get Older
The more experienced your young driver becomes, the less of a risk they will be to insurers. So as they get older and spend more time (hopefully accident-free) on the road, you will see rates drop. A good way to instill some responsibility early on is to…
Encourage Teens to Contribute to their Premium
A great way to foster a sense of responsibility and accountability is by having your child contribute toward your insurance premium. If they are helping to pay for their ability to drive, they’re more apt to focus on driving safely and being more responsible behind the wheel. Get them invested with a little investment on their part! You’d be amazed how effective this can be.
Insuring Newly Licensed Teen Drivers in MA
Contact your insurance company for a quote on insuring newly licensed teen drivers in MA. Knowing that your child (and your vehicle) is insured will help alleviate some of the stress of your teen being on the road. While there may be more to consider than you thought when it comes to your newly licensed teen, rest assured you’ve taken the proper steps to protect everyone involved!