Teen Drivers Insurance – Are They Properly Covered in Tampa?
According to the Insurance Institute for Highway Safety (IIHS), teen drivers have crash rates three times higher than those of drivers 20 or older, so as you can imagine, Teen Drivers Insurance premiums tend to greatly increase when a youthful driver is added to the personal auto insurance policy. Due to this sticker shock, some families opt to cut vital coverages for price savings during their child’s teen years. While this may save money in the short term, it can lead to devastating consequences if an accident were to occur.
Tampa and the entire state of Florida only require a minimum Liability Coverage of $10,000/$20,000 when purchasing Teen Drivers Insurance, however, this number can quickly fall short in a severe accident. Think of it this way: every time your teen or youthful driver gets behind the wheel of your car imagine all your assets packed into the trunk of the vehicle. If they were to get in an accident would that $10,000 sufficiently protect everything that you’ve earned? Probably not. It is important to have a discussion with a licensed professional to make sure you have adequate coverage for your entire family! For those that want an extra bump of protection there are Personal Umbrella Policies – or excess liability policies – that can provide millions more in coverage. Accidents happen…It’s the reason people have Teen Drivers Insurance. If you aren’t protected by a personal umbrella policy, you could be putting your financial assets and future earnings at risk. This low-cost policy is designed to protect you and your family against a catastrophic lawsuit or judgment. Coverage is flexible with limits ranging from $1 million to $10 million, depending on what best fits your personal needs!
Omega Insurance Agency is a full-service independent insurance agency based in Tampa and serving all of Florida offering Teen Drivers Insurance, auto insurance, home insurance, flood insurance, business insurance, and most other types of other insurance products. Contact us today at 813-341-1530 or 888-663-5088.