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Insurance & Divorce: Parenting: Insuring Your Young Driver:

The coveted DRIVER'S LICENSE! For your child, it's the ultimate key to freedom. And for you? You probably see it as a tiny, laminated promise of many, many restless nights stretching into the future. There is no getting around it -- this is a stressful time for parents. Here are a few things to keep in mind as you reevaluate your auto policy now that you have a teenage driver in the household.

Things you should know about Auto Insurance

Young drivers = large premiums
If you think watching your teenager get behind the wheel of your car is stressful, wait until you find out how much it will cost to add your young driver to your auto policy -- especially if that driver is your son. Your annual insurance premium could more than double when you add a 16 year old male driver to your policy. In fact, a 17 year old male's auto insurance premium is typically 3 times as much as that of a 30 year old male.

And now for the GOOD news. Really! Your child may qualify for discounts. When pricing auto insurance for a teenage driver, you should ask about every possible discount that might cut your cost:

You may also want to upgrade your auto policy in other ways. Ask yourself a few questions:

On-line Life Insurance Quotes:
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Divorce Tip: #76 It is very important to discuss discipline techniques, so both parents are consistent and the child(ren) are not confused. Sponsored by: Building Agreements that Work!


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