It is the birthday that every parent fears. It is the birthday that gives your teenager the legal right to drive. Many parents understand that a safely driving teenager with proper training is a valuable commodity. Teenagers can help run errands and shuttle your other children to and from school and practice. One of parent’s biggest concerns is whether or not their teenagers’ insurance rate will be affordable.
The insurance industry is regulated by norms and averages. Insurance companies study the driving habits of every demographic possible. This helps them set insurance rates that best protect their customers as well as making a profit. Teenagers are a driving demographic that are inexperienced and prone to accidents. They are most likely to be engaged in texting while driving and other dangerous activities.
However, parents should not fear getting their teenager insurance. If you have your insurance bundles through one company there are often steep discounts available. Also, if you and your wife have a good driving record then adding your teenager may not be that costly at all. Whatever your fears are you should call your insurance provider and they can give you a cost quote that will help you set your monthly budget.