Giving the gift of car insurance might be considered lame to most teen drivers, but it can also be a good reminder about the high cost of insurance. Growing into adulthood and learning about driving expenses such as car insurance and car maintenance can be a tough lesson to learn. Sometimes the best gift you can give your teen is a life lesson.
If you pay for your teen’s car insurance normally…
Paying for your teen’s car insurance on a normal basis is not a bad thing as long as you can afford it. An efficient way to make certain your teen is covered properly is to setup and pay the policy yourself. However, it is also important to teach your young driver about how insurance works and the cost of insurance. Use the holiday to give your new driver a reminder of how much you are actually paying. Wrap up your insurance declaration page which shows your teen’s vehicle and highlight their coverage and premium amount.
If your teen pays their car insurance on their own…
A great way to teach a young driver about car insurance is to have them purchase and pay for it on their own. Covering the cost for a month or a full six months is a great Christmas gift to give. It will open up your teen’s hard earned money to hopefully be spent on other responsible purchases. Go to your teen’s insurance agent and request to make their payment. Give your young driver the receipt and see their delight.
Keep up the good work preparing young drivers about car insurance. It is a very important and it is not taught in school. It is better to learn early on, rather than to be shocked down the road.
Have you ever considered giving car insurance as a gift?
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