A teen’s auto insurance is a necessity as they hit the road as a new driver. Has your Denver, CO household welcomed a teen driver into its midst? Perhaps your teenager took driver’s education in school, attended a driving school, or you taught them. Either way, ensure they pull onto the roads of Colorado adequately prepared. That means ensuring they carry proper auto insurance through Aspen Gold Insurance Brokers.
Insuring Your Teen Driver
Teen drivers must carry auto insurance, just as adults do. The insurance industry offers several ways to do this, and the choice of method depends on the driver’s age.
Add Them to Your Policy
The most common way to handle the situation is for a parent to add their teen to their own policy. This action can temporarily increase premium costs, but it gets your young driver legally on the road.
Co-sign for the Teen’s Auto Insurance Policy
Take responsibility for paying the premiums with your teenager by co-signing a policy for the teen. This choice provides them with their own auto insurance before they reach the ripe old age of 18 and does not harm their premiums. They need a parental co-signer before that time because they can’t sign legal documents until they reach 18, the age of consent.
Teen Buys Policy Independently
Once a teen reaches the age of 18, they can purchase their own policy without a co-signer. Reaching the legal age of consent lets them sign contracts independently. An insurance policy is a type of contract.
Contact Aspen Gold Insurance Brokers Today
Make your teen fully prepared for their new responsibilities as a driver in Denver, CO. Contact Aspen Gold Insurance Brokers today to buy your teen’s policy or help them buy their own.
