It is a scary and exciting moment when your child starts driving. There is a lot to consider and decide. Should we buy him a car? When do we put her on our insurance? Watch as insurance experts Melanie Loiselle-Mongeon and Jackie Pinto discuss, “When should I add a new driver to my insurance policy?”
When Should I Add A New Driver to My Insurance Policy?
The best thing to do is give us a call when your new driver receives his/her permit. Some insurance companies require adding a driver to your policy when he receives his learning permit. Other companies prefer to wait until the actual driver’s license is obtained.
Are There Any Discounts My Child Could Be Eligible For?
– Driver’s Training Discount: Most insurance companies offer new drivers a discount on their insurance once they complete a driver training program. This is not to be confused with Driver’s Education. Driver’s Education is the mandatory course required for new drivers to obtain a permit. Driver’s training is an actual driving course offering students behind the wheel experience.
– Good Student Discount: If your child has a grade point average of B or better in school, he/she may be eligible for an insurance discount.
– Away at College Discount: Many insurance companies offer a credit if your child is a driver on your policy and they attend school over 100 miles away without a vehicle on campus. To learn more about this, click here to visit our previous blog on the topic.
Any Other Advice?
If you are planning on purchasing a vehicle for your new driver, we recommend purchasing a less valuable vehicle. Typically, the more a car is worth, the more expensive the vehicle will cost to insure. Since adding a new driver can be expensive, a car that only requires liability insurance can help to minimize the overall insurance cost.
As always, if you have any questions, feel free to give us a call at 401.723.8510. We are always here to review your policy and make suggestions that work for your life. Unlike direct car insurance companies, we have many options for multi-car families.
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