Kids grow up fast, and eventually, they'll be ready to get behind the wheel. One of the biggest worries for many parents is the cost associated with teen drivers. Take a closer look at exactly how your auto insurance policy will be affected by the change as well as how you can combat rising costs.

How a Teen Driver Will Affect Your Auto Insurance Policy

The main change that you'll notice when your teen is added to your auto policy is the cost. The notorious higher rates for teen drivers are a result of their risk factor. According to the CDC, teenagers between the ages of 16 and 19 experience the highest rate of on-the-road accidents. As a result, insurance providers charge more to make up for what they see as an inevitable payout.

As a result of the enhanced risk, most insurance companies also require an increase in liability coverage. This increase is another factor in the price hike associated with teen drivers. However, it will help protect your assets from lawsuits occurring as a result of an at-fault accident. 

How to Reduce Your Teen's Car Insurance Costs

While it's impossible to avoid a higher premium with a teen driver, you can combat the increase by taking initiative. The easiest way to accomplish this step is to enroll your teen in driver's education courses. Most insurance companies provide a discount for educational and defensive driving courses. Some other opportunities to save include good grades and multiple car discounts.

In most states, your agent can insure your teen on the vehicle with the highest safety rating, even if it's not their primary car. Safety ratings are one of the many factors insurance companies utilize in their underwriting process. By placing the riskiest driver on the safest vehicle, you can lower your auto insurance rate even more.

Adding a teen driver to your auto insurance policy will affect your rates, but that doesn't mean you have to break your budget. Turn to the agents at Ohio Insurance Center Agency in Cincinnati, OH, for a personalized experience finding the right coverage. The independent agency specializing in helping high-risk drivers, like teenagers, find affordable policies that match their unique needs. Request your free insurance quote today by calling (513) 522-6300 or by visiting the agency online.