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If you have a teen driver in the home in Lakewood, CO, understanding the minimum amount of coverage required for them while driving is vital. Knowing the auto insurance requirements for teenagers in Lakewood can prevent unnecessary financial stress and losses. At Colling Insurance Services Inc., we’re here to help you determine which policy solutions are right for you and your household.
Minimum Requirements
Anytime you have a teenage driver at your home in Colorado, you’ll need to meet the minimum insurance requirements, including:
- Bodily Injury: Bodily injury coverage in Colorado includes $25,000 per person and $50,000 per accident.
- Property Damage: The minimum property damage requirements in the state are $15,000 per accident.
- Medical Coverage: Coverage for medical payments includes at least $5,000 in coverage.
Properly Insuring Your Teen Driver
Insuring your teen driver is best achieved by adding them to an existing family policy. This is the most cost-effective option and will lock in coverage. In most cases, this will also reduce the rates for teen drivers. Keep in mind that Colorado requires teens with driving permits to be added to a policy that already exists in the home.
Reducing potential rates is possible by encouraging good grades (which can result in student discounts) and enrolling your teen in a defensive driving course. Telematics apps can also reward safe driving habits.
If you’re ready to add your teen to an existing insurance policy or want to learn more about insurance options in Lakewood, Colorado, we’re here to help. At Colling Insurance Services Inc., we’re ready to help you protect the teen drivers in your home with a quality and affordable insurance policy. To learn more, don’t hesitate to get in touch with us directly to schedule your initial consultation and receive a quote today.