Getting a driver's license is a major milestone for teenagers–and a nerve-wracking one for parents. Between safety concerns, rising insurance premiums, and confusing policy rules, adding a teen to your auto insurance can feel very overwhelming. If you're preparing to insure your new driver, here's what you need to know about car insurance for teen drivers in Michigan in order to keep both your wallet and your teen protected.
If you’ve noticed your auto insurance rates in Michigan creeping up, you’re not alone—and it’s not your imagination. Across the board, consumers are seeing premium increases driven by a perfect storm of factors affecting the auto insurance market. Even drivers with clean records and no recent claims are being hit with higher costs. Understanding the “why” of rising auto insurance rates can help you navigate the current insurance landscape and make smarter decisions about your coverage.
Many people make the mistake of leaving car insurance to the last minute. However, it’s wise to talk to an insurance agent before you purchase your new vehicle. Not only will this allow you to compare rates and find the best policy for your needs, but many dealerships require proof of insurance before letting you drive the car off the lot.
