When it comes to Maryland car insurance coverage, teens and young adults pay some of the highest rates of anyone on the road. There are some strategies that young drivers and their parents can use to keep coverage costs down, though.
A person who is learning how to drive can benefit by completing an approved driver’s education course. Not only will it help the young driver get off to a good start, but it can also help him or her qualify for a discount on his or her car insurance coverage. Before signing up for a course, ask the insurance company for a list of approved providers and whether the company will offer a price break once the program has been completed.
Rather than buying a new insurance policy for the teen driver, a more economical approach is to add him or her to an existing policy. A parent, grandparent or other adult member of the household can ask the insurance company to make the change. Premium rates will go up for the family who chooses this strategy, but not as much as if the teen was the main driver on a new policy.
A change in circumstances is a good time for a policyholder to get quotes from a number of insurance companies. When requesting pricing, be sure to mention the number of drivers in the household and their ages to get an accurate quote.