According to the Federal Highway Administration, in 2015 there were over 8.5 million new young drivers on the roads of the United States. These student drivers certainly have every right to be on the road, but by definition lack the following:
It makes a lot of sense for learner drivers to have adequate insurance coverage. To this end, auto insurance companies have created policies that are specifically tailored to student drivers, including some that are designed to be short-term.
This article will take a look at these student driver plans, which coverages make sense for learners and ways for new drivers and their families to save cash by comparison shopping.
Some Basic Coverage Options Available for Learner Drivers
Whether or not the driver of a given vehicle is experienced or inexperienced they will need some common kinds of coverage. Included are the following items.
Liability insurance comes in two basic varieties which include bodily injury liability and property damage liability.
As its name suggests, bodily injury liability insurance will pay for any costs that are associated with injuries caused by the owner of the policy.
Since even a short visit to a hospital can cost thousands of dollars, having this kind of protection in place can save policyholders untold amounts of cash.
Indeed, without such protections in place, most people would likely have no hope of ever fully paying for accident-related hospital bills.
Property damage liability provides protection for drivers who cause damage to another vehicle or other kind of property while driving. For student drivers, getting into some kind of accident is often the question of when rather than if.
Since new drivers are statistically more likely to be involved in crashes that damage someone else’s property, individuals who are taking out short-term policies for students would do well to arrange for higher limits.
Non-mandatory insurance coverage is not legally necessary to carry, but in many cases, it is wise to have. Included in this list are glass coverage, comprehensive insurance, and collision insurance.
- Glass coverage – Pays for any damages to the windshield or other windows of a given vehicle. Since replacement costs can be high, and since it’s illegal in many places to drive around with cracked or broken windows, having glass coverage is a good hedge.
- Comprehensive coverage – Pays for vehicular damages that are caused by natural events such as hailstorms or flood. It can also cover against damage caused by vandals or by would-be thieves.
- Collision coverage – Pays for damages to the client vehicle caused by a collision with any other object, including another car. Given that student drivers are quite inexperienced, those who choose to get this form of coverage for their learning drivers are certainly making a smart choice.
Many student drivers will do a lot of driving in the weeks before a road test in order to be as well-prepared as possible. Recognizing this trend, insurance companies often design student policies to be shorter-term in length.
These short-term policies can run anywhere from an hour or two to a couple of months but can carry the same coverage levels and limits as longer-term plans.
That said, student driver plans tend to cost more than regular policies, so shopping around in order to secure the best price is a key consideration.
One of the best ways to do this is by comparison insurance shopping. This is simply the process of comparing the costs of as many different companies as possible, and one of the best ways to do this is to use a comparison shopping site.
Other Ways to Save on Insurance for Learning Drivers
Comparison shopping can, indeed, be a good way for student drivers to save money, but which options should parents and teens be looking out for as they compare policies?
The following items common discounts that new drivers and their families should make use of if they qualify.
- Driver safety courses – These are driver training classes that teach new drivers the principles of road safety. These frequently offered courses are also sponsored by private non-profit institutions.
- Good student discounts – This kind of discount can be offered to teens who maintain high grade-point averages at school.
- Family discounts – Some insurance companies provide special discounts to parents who share auto insurance policies with their children.
- Older vehicle discount – New cars usually require higher coverage limits, so parents can often save money by providing new drivers with older vehicles.
- Safety feature discounts – If learning drivers train on vehicles that have a range of safety features, they can often save on insurance premiums. Common features that qualify include anti-theft systems and anti-lock brakes.
Becoming a new driver can be a wondrous time for a young person. By ensuring that proper insurance coverages are in place, parents can help to ensure that it is a safe time as well.
Compare car insurance coverage options and rates today by using our free rate tool below.