Due to the high risk that comes with a teenager getting behind the wheel, it is a good idea for families to consider full coverage. The minimum amount of liability coverage might not be enough to pay for damages if a teenager gets in an accident. This says nothing of the family’s expenses related to the collision.
The sudden and unexpected costs associated with an accident could place a teenager in a deep financial bind early on in life. It is easier to plan and budget for a higher monthly premium payment than it is a surprise bill following a major accident.
Meanwhile, there are ways to help make the impact of a young driver less on the family budget. Get them on your plan, rather than having one of their own. Ask about discounts, particularly a good student discount. Also, if you are considering getting them a car, make sure you buy one that is known for safety and reliability.