January 12, 2023

Teen Drivers and Insurance - What You Need To Know

affordable insurance for teens

52% of the deaths of teenage passengers happened in cars driven by another teen

Real-World Case Study: The Risk of Teen Driving

Emily, a 17-year-old, decided to treat her best friend, Taylor, to a movie to celebrate finishing their finals. They were running late and didn't want to miss the show, so Emily sped down the highway.
She lost control going around a notorious turn and crashed into a car with a family who were heading to a pizza dinner.

Sadly, Taylor passed away at the hospital months later because of serious complications. The family suffered a loss of wages, emotional distress and lengthy hospitalizations — and one child had a permanent disability and needed ongoing physical therapy.
Emily's parents' standalone personal umbrella policy covered the exorbitant medical bills of all the victims.
Car Crash Claim: $3 MM

auto insurance claim

How to protect your family from financial ruin 

1.   A standalone personal umbrella policy adds a critical layer of protection for liability loss exposure
2.   You don't need to be a millionaire to be sued like one. You could be liable for any injuries resulting from an at-fault, covered auto claim.
3.   All licensed drivers in the household or regular-use operators must be listed on all policies, including youthful/inexperienced operators.

For more information on personal liability policies, visit Insurance Brokers Group.com

Read More Articles:

The Value of a Personal Liability Umbrella Policy

John Espenschied is a long-time veteran of the insurance industry. He's worked with thousands of clients over the years, helping to protect their personal and business needs. John's goal is to provide the best advice possible to assist customers in saving money while protecting their property and securing their financial future.
He truly enjoys helping others and takes great satisfaction in providing top-notch customer service. When he's not working, John has fun spending time with his family, golfing, bike riding, and blogging on insurance topics.