As a parent, you will have seen your child reach a range of milestones. You will have felt proud when they learned to walk, started school and wrote their name for the first time. When your child gets their driver’s license, this is one milestone you might not be ready for.
If there is a new driver in your family your lifestyle will change. While you no longer have to drive them around, you will worry about their safety on the road.
One way you can protect your child is by investing in the right auto insurance policy. Plans vary significantly, and it can be confusing knowing which one to choose. Here are a few key points to consider.
Think About Roadside Assistance
Roadside assistance is recommended for new drivers. If your child experiences a flat tire or breakdown, you might not be available to help. Roadside assistance will give you the peace of mind that they will be taken care of when you can’t be there.
Roadside assistance might be built into your insurance policy or available as an optional extra. It should include a range of services such as towing, alternative transport, delivery of gas, water or oil, minor repairs and flat tire replacement.
Take Advantage of Family Benefits
The type of auto insurance you need will depend on the car your child is driving, their age and experience. If they are sharing your vehicle, you may be able to add them as a driver to an existing policy. For those who have their own transport, some insurance companies will offer a family discount.
As an example, USAA offers a discount for families and those in the military. It is important to contact your insurance company before your child starts driving to ensure you have suitable coverage.
Consider Investing in Comprehensive Insurance
The most basic level of auto insurance is called liability insurance. Most people will be required to have this as a condition of owning a vehicle. Liability insurance covers body and property damage, reducing the financial expenses if you are at fault.
For younger drivers, additional insurance is recommended if their car is of value. This is called comprehension and collision damage, and the vehicle will be protected in the case of an accident, extreme weather event, fire or theft.
Give Your Child Extra Training
Keeping your child safe on the road starts with ensuring they are a confident, capable driver. Driving lessons in different weather conditions and locations will help to boost their skills. For drivers under the age of 21, a basic driver training course can be beneficial. This also comes with financial advantages, as some insurance companies offer a discount for drivers who have completed this course.
Another way for your child to receive a discount on their auto insurance is by maintaining good grades. You should discuss these options with your preferred insurance provider to ensure you get the best possible rate on your policy.
Protecting Your Young Driver
When your child learns to drive they gain freedom and independence. Many parents worry about their children on the road, as unfortunately, accidents can happen.
One way you can protect your child is with auto insurance. This can reduce the financial stress if an incident does occur, and give them someone to call for help when you are not available. Over time your child will become more confident on the road, and some of this stress will subside. In the meantime, a safe vehicle and the right insurance can make the transition an easier one.