Adding a teen to your policy4 of 7Teen drivers are more likely than other age groups to get into accidents and file claims. So, adding a newly licensed 16-year-old to your car insurance could cause your rate to climb, says Luedke.With some research, policyholders can take steps to help make that rate increase as reasonable as possible, says Joel Ohman, a Certified Financial Planner in Tampa, Fla., and founder of CarInsuranceComparison.com.He suggests that policyholders shop around for an insurer that offers lower premiums for young drivers."Owners can also encourage their children to qualify for good-student discounts," he says. Related Articles:Save on car insuranceLiable if another drivesAuto insuranceAuto insurance basicsRelated Links:Teen driver discounts7 steps to take in a car accidentSlash insurance costsDriving for dollars advertisement
Teen drivers are more likely than other age groups to get into accidents and file claims. So, adding a newly licensed 16-year-old to your car insurance could cause your rate to climb, says Luedke.
With some research, policyholders can take steps to help make that rate increase as reasonable as possible, says Joel Ohman, a Certified Financial Planner in Tampa, Fla., and founder of CarInsuranceComparison.com.
He suggests that policyholders shop around for an insurer that offers lower premiums for young drivers.
"Owners can also encourage their children to qualify for good-student discounts," he says.
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