If your teenager is coming of age, when it is time to allow them to drive the family car, it is an exciting time for the teenager and terrifying for the teenager’s parents.

Teen Drivers are Dangerous

The statistics from Consumer Affairs are shocking. Teen drivers account for more than 9% of car crashes and over 6% of fatal crashes, even though they represent only 3.7% of all drivers.

To put it another way, teen drivers cause more than twice the vehicle accidents and nearly twice the deaths when compared to drivers in other age groups.

Auto Insurance May Not Be Enough

Getting your teenager covered under your auto insurance policy as a designated driver is a good start; however, the policy limit may not be high enough.

Even carrying the maximum liability for your auto insurance may not be high enough when a fatality is caused by a reckless, distracted, or impaired teen driver.

Umbrella Insurance

To manage this risk with greater coverage, consider umbrella insurance that steps in with coverage if a claim for a covered peril exceeds the maximum policy limit for your auto insurance.

Your agent at Com-Co Insurance Agency Inc. in Mount Prospect, IL, can explain umbrella insurance to help you understand how to use this risk management tool.

Umbrella insurance offers some coverage that is not found under other insurance policies and may extend the policy limits of underlying policies. This insurance is a customized solution, so work with your agent to manage the details.

Knowing you could survive a major lawsuit helps give you some comfort when your teenage driver gets behind the wheel.

Consult with your agent at Com-Co Insurance Agency Inc. in Mount Prospect, IL, about umbrella insurance, auto insurance, and all your other insurance needs.