![]() Money-Saving Tips for Teen Auto Insurance ![]() Continue reading for ways to save money when you add your teen to your policy. However, your rates don’t have to go through the roof. Teens are among some of the highest-risk drivers, and insurance companies have more at stake when they insure them.īe prepared for an increase in your car insurance rates. Many parents choose to add their teen drivers to their own policies this is usually the cheaper option for teen car insurance.Īlmost always, auto insurance rates go up when you add a teen driver to the policy. Teen graduates from a permit to a license, it’s time to get him or her on the policy or purchase a separate policy. Your company might have specific regulations in place. Notify your car insurance provider when you have a teen with a learner’s permit. ![]() Until he or she becomes a licensed driver this means you can usually hold off while your teen has a learner’s permit. Generally, auto insurance companies don’t require you to formally add your teen driver to your policy
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