TUESDAY, JULY 7, 2020
 Are you thinking about how best to insure your teenage driver? To any parent, this is a time where their child’s safety and security are a priority. You want the child to have protection as they build up their skills and confidence behind the wheel. Auto insurance is one important part of your security blanket. The question is, how can you get it, and how much coverage do you need to buy your teen?
Insuring a Teenager With Cost in Mind
Teen drivers are new drivers, and that makes them risky drivers. They don’t have the experience of a seasoned driver and face higher accident risks every day. When it comes to getting car insurance, they often cost more to insure compared to an adult.
If you have concerns about the cost of insuring your teen driver, don’t worry. There are many ways to ensure that the child’s coverage remains affordable:
- When you add your teen driver to a multi-car policy, sometimes called a family or group auto policy, you’ll often save as opposed to buying them a separate policy.
- See if your insurer offers good student discounts. If the child maintains good grades, then some insurers will offer a policy discount through the child's graduation.
- You might be able to qualify for a discount if the child takes a defensive driving course to learn on-road skills.
Coverage Required of Teen Drivers
Like all Maryland drivers, teen drivers must carry minimum levels of auto insurance. The amounts required are:
- $30,000 bodily injury liability coverage per person
- $60,000 bodily injury liability coverage per accident
- $15,000 property damage liability coverage
- $2,500 Personal Injury Protection (PIP) (insured parties over age 16 can choose to waive coverage)
- Uninsured/Underinsured motorist coverage with at least 30/60/15 coverage
Liability coverage is coverage for when at-fault drivers cause harm to other parties. So, if your teen driver causes a wreck, then this coverage can compensate other involved drivers for their vehicle damage or injury costs. Uninsured/underinsured coverage is somewhat the opposite. If an uninsured driver causes the wreck, then you can turn to your own policy to cover the damage costs of your teen.
PIP insurance applies to medical costs that your teen might be able to use for their own injury costs. It will apply regardless of fault in the wreck. The teen will have a resource in case their health insurance might not cover all their medical costs.
Keep in mind, there are many optional types of coverage you might be able to add to your teen's coverage. Importantly, consider buying physical damage coverage, like collision and comprehensive insurance. It will help you repair vehicle damage to a car belonging to your teen after a wreck.
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