September 14, 2021
When your children begin to drive, it can be both a terrifying and rewarding experience. You may be losing some sleep at night worrying about your teen being out there on the road, and while we can’t alleviate all of your worry, we hope we can alleviate some by taking some time today to talk about how adding a new driver to your family plan will affect your insurance plan.
Do I Have to Add My Child to My Plan?
If they’re driving, then yes. Minors cannot get their own insurance policy, so you will have to add them to your plan to get their learner’s permit or provisional license. You may even be able to receive some overall discounts by adding your child to your family plan. Get into contact with a professional Maryland insurance agency today to learn how adding one or multiple childs will affect your plan.
You Could Receive Lower Premiums
Once your teen is 18 years or older, they can get their own individual car insurance plan, but you could both save money by keeping them on the family plan. If you have your name on your teen’s vehicle, and if they still live with you, then you’ll likely qualify for a lower premium.
Average Cost of Adding a Young Driver
Young driver policies are among the highest in terms of cost, generally running somewhere between $1,200 and $2,400 annually. However, over time, as the young driver gets more experience the rate could go down (assuming they keep their driving record clean).
When Should They Be Added to the Plan?
Generally, you want to add them either before they start driving or when they get their license, it really depends on your insurance company. Some companies, for instance, require children to be added when they get their learner’s permit, rather than their license. Contact your insurance company today and they should be able to answer this question for you.
Working with an Experienced Maryland Auto Insurance Company Provides You with the Best Service
Sure, you may be able to save some money up front by working with a fly-by-night insurance company, but when an accident happens, you’ll learn the true cost of working with a low quality insurance company. At American Heritage Insurance, we’ve been providing Marylanders with our auto insurance services for years, give us a call today to learn about our family plans.