Most parents have a handle on their insurance needs. But when teen drivers are involved, the questions seem a little less straightforward. Here are some things that you need to know about teen drivers and insurance from Great Michigan Insurance in Marshall, MI.
Some insurance companies require that you notify them when your teen gets a learner’s permit, while others only want to know about teens with a regular license. It never hurts to give your insurance company a call when the driver’s status in your family is about to change. You may want to do this before your teen gets a restricted license just to avoid any surprises.
Comprehensive Coverage Vs. Liability Coverage
All drivers in Michigan are required to have at least liability insurance, the type of insurance that only pays for repairs to the other party’s vehicle in case of an accident. However, some people opt for comprehensive coverage, which will repair both cars involved. Liability insurance is less expensive than comprehensive insurance. However, whether you want to pay for comprehensive coverage depends on several factors. Will your teen be driving a newer vehicle that will be costly to replace or an older model that can be less expensively replaced? How often will your teen drive? Do you have savings to replace or repair the car if they were to damage it in an accident severely? Your agent can help you determine the answers to these questions and decide which option makes sense for your family.
It’s always best to ask all of your teen driving insurance questions before your teen gets his or her license. You can avoid unpleasant or expensive surprises by knowing ahead of time what the cost will be. If you have questions about teen driver insurance, contact Great Michigan Insurance in Marshall, MI.