Parents of Teen Drivers Need to Assess Their NY Car Insurance
Teen accidents in New York are more common than you can imagine. Out of all the accidents in New York involving teenagers each year, it is the teenage driver’s fault in 78% of the crashes. These accidents often end in major injuries and incapacitations due to a teenage driver’s inexperience and distracted driving habits . Also, many teenage drivers are also known to push the envelope by exceeding speed limits.
For these reasons, it’s vital that parents of teenagers review their NY car insurance policy to make sure they are adequately protected to cover damages and medical expenses if something unfortunate happens.
NY Teenage Car Insurance – Sobering Statistics for Parents
Statistics state that one in every five 16-year-old drivers get into a car accident in New York State within the first year, and drivers in this age group are four times more likely to get into deadly crashes. Regarding car insurance coverage for teenage children, adequate liability coverage is key for the financial protection of the parent. Bodily injury claims can often exceed 1 million dollars in accidents that result in serious injuries.
Let’s face it, adding a teenage driver to a parent’s policy is not cheap, even at minimum required liability protection. But the good news is, most of the premium is built into the NY State minimum coverage requirement, so raising those limits to an adequate level and even adding a liability umbrella is actually quite reasonable. While raising your liability coverage will not stop the injury if your child does drive rashly, it will at least put you in the position to protect yourself financially and pay for the medical expenses as well as pain and suffering damages to the other party if they seek compensation.
Adding A Teenage Driver to Your Insurance Policy
You need to remember that there is no need to get separate insurance when the teenager gets a learner’s permit. This rule varies from state to state, but you can put your teenage child under your insurance till they acquire a driver’s license of your own. In NYS, many insurers will allow a permitted teen on the parent’s policy at no charge until that teen get’s their driver’s license or until the next renewal of the policy.
Once your teen is finally licensed, they can get their own policy or be added to the parent’s policy as a rated driver. If the teen gets a policy on their own, in most instances, the premium will be substantially higher than if simply added to their parent’s policy.
NY Teenage Car Insurance and Safe Driving Practices
It is encouraged for parents to talk to their teens about risky driving behavior and take action to limit their time on the road during summer. AAA encourages parents to be good role models of proper driving behavior as well. Researchers said that parents should observe speed limits, avoid using their phones while driving and always wear safety belts to set a good example.
A car with excellent safety ratings can also help to reduce accidents and injury as opposed to a flashy new car that shows very high-speed ratings. Checking features like anti-lock braking systems, airbags, and anti-theft devices will ensure the safety of your child as well.
Once you secure NY car insurance for your teenage children, explain to them the importance of this move. Driving a car is a huge responsibility. When out on the roads, they are responsible not only for their safety, but others around them. This is a huge stepping-stone towards adulthood and a learning experience on their way to becoming safe driving citizens.