When To Buy Teen Driver Car Insurance in Michigan
Reader's Question:
Do I need to rush to get my teenage daughter her Michigan car insurance as soon as her permit and car are ready?
Candice
Detroit, MI
Yes.
Do not procrastinate just so you can save a few dollars. If you delay and your teenage daughter gets involved in a car accident, your insurance company generally will cover it, but can retroactively charge the higher premium, or worse revoke your coverage. Also, never carry less coverage on a teenager who happens to be a high risk driver, or you will be forced to cover the damages from you own pocket.
A few tips to help lower the rate you will pay for auto insurance with your teen driver can be some of the following:
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history - used by many carriers to determine payment risk