Auto insurance is one of the most common forms of insurance. The reason is that most adults drive. You probably have an auto insurance policy. But what should you do when your teenager gets their driver's license? How do you acquire auto insurance for them? Additionally, how do you get affordable rates? Here is a guide to help you learn how to handle this situation.  

Evaluate how responsible they are

As a parent, you can determine if your child gets their driver's license and when they drive. You can also determine what they drive and set rules. Some parents even make their teens wait until they're a little older before driving. The point is to evaluate how responsible your child is before letting them drive.

Determine what they will drive

The next decision is choosing what they will drive. Do you have a family car they will drive, or will they have their own vehicle? This decision affects your auto insurance needs and costs. For example, letting your teenager drive your car instead of their own is more affordable. After all, you won't have to add another car to your policy. However, your teen might need their own vehicle. If you decide to give your child their own car, you might want to choose an older vehicle. You'll pay lower rates by choosing a less-valuable car.

Add them to your policy

The next step is to add the teenager to your policy. While you can purchase a separate policy for them, you'll save money by adding them to your plan. When doing this, the agent might ask about your child's grades. Students with good grades might drive more safely, so you might get a discount if your child has good grades.

Choose their coverage

The final step is to choose their coverage. If they will drive your vehicle, you most likely won't need to change your coverage. However, you must change the coverage if they have their own car. Buying liability-only is more affordable, but you can't do this if you have a loan on the car. So you should carefully plan this out and think about it before selecting a vehicle.

Contact an auto insurance agent

Do you have questions about insuring your teen driver? If so, contact an auto insurance agent to learn more. You can talk to the agent about your situation and find the answers to your questions. You can also request a quote for coverage.