Here’s some good news about auto insurance. Your teen won’t need it until licensed and driving without you or an instructor in the car.
Once your teen gets a learner’s permit, you’ll want to talk to your auto insurance agent about adding your new driver to your policy. Because the risk of a crash is significantly higher for teen drivers, particularly during the first year of driving, your teen’s car insurance rate likely will be higher than your own. Some families also use this time to comparison shop to find the right car insurance option for them.
|Raise deductibles to lower premiums
Ask your insurance representative how much you could save by increasing your deductible. If you file a claim after raising your deductible, you pay a larger share of the costs, but the savings might be worth it.
|Encourage good grades
Many insurers offer discounts for students with a "B" or higher grade average, and some offer discounts for teens who complete driver's education or defensive driving courses.
Introduce a parent-teen agreement to minimize risks. it won't lower your premiums, but it could prevent a crash or ticket that would increase your rates.
The type of vehicle your teen drives and how you classify your new driver - main or occasional driver of one vehicle, for example , can affect insurance premiums, so begin thinking about these decisions now.
Car Insurance Requirements in Idaho
All Idaho drivers are required to have auto insurance at the minimum levels of $25,000 per person for bodily injury or death of one person in one accident; $50,000 for two or more persons in one accident; $15,000 for injury or destruction of property in one accident (25/50/15). An owner may choose to post an indemnity bond in lieu of a liability insurance policy. The bond must guarantee payment of no less than $50,000 for any one accident, of which $15,000 is for property damage, for each vehicle registered, up to a maximum of $120,000 for five or more registered vehicles.
Auto insurance companies in Idaho determine rates on factors such as your driving record, how long you’ve been a licensed driver, how much you drive, where you live and what you drive.
Learn about insurance available through AAA for teen drivers and their families.