How to Prepare for Teen Drivers (7 Bulletproof Steps)

A Straight-Forward Guide on How to Prepare for Teen Drivers.

This video will teach you about how to set up your car insurance policies to protect your family when your child becomes old enough to drive.

https://MattLaw.com - Matt Powell, Board Certified Civil Trial Lawyer

Having a new, young driver in your family has some great benefits, as well as serious financial risks and exposures.

How should you as a parent prepare for when your teen is about to start driving?

Here is a quick outline of the seven bulletproof steps:

1) Be aware of teen driving statistics
2) Add you child to your family's existing insurance policy
3) Buy a car without financing
4) Put the car in your child's name only
5) Invest in teaching your child how to drive
6) Establish household rules
7) Enforce safe driving habits

Car crashes are the number one leading cause of teen deaths in the United States.

Teen drivers are ten times more likely to be involved in a crash during their first year of driving.

Add your child to your family's existing insurance policy so that no matter what car your child drives, you and your child are always covered.

Until your teen turns 18, whichever parent or guardian signed their driver's permit is responsible for any negligence committed by the teen while operating a motor vehicle.

Next, it's important to put the car in your child's name only because the owner of the car is EQUALLY responsible for any incident caused by the driver.

Driver inexperience is the leading cause of teen car crashes and over 56% of teens rely on their parents to learn how to drive.

For more information about how to prepare for teen drivers, check out my guide here: https://mattlaw.com/how-to-prepare-for-teen-drivers/

0:00 Young Drivers and Car Insurance
0:13 How can a parent prepare for their child to start driving
0:28 The seven most asked questions about new drivers
Who should sign the driver's License
Should you add your child to your family insurance policy
If my child has their own policy and borrows the family car are we covered
What kind of insurance should I get for my child
How the age of the car you buy for your child affects your rates
Should I put my child's name on the car title
How can I help my child be a good driver
1:27 How many teenage drivers are on Florida roads 750,000
1:38 Statistics of car crashes and deaths are up
1:56 Distracted driving has increased driving fatalities
2:10 Teenage drivers lack experience and are highly distracted
2:16 Texting and Driving is deadly
2:25 Distractions from friends in the car
2:56 Parents may be 100% responsible for any damages you child causes while driving
3:11 Whoever signs your child's driver's license is 100% liable for any crash
4:08 Should I add my child to our family car insurance policy
4:50 Adding your child to your family policy means you are covered when they drive a family vehicle
4:58 What if I get my child their own insurance policy
5:06 The danger of a separate insurance policy for your child
5:20 Your child will be excluded from coverage on your family car insurance policy
6:08 What kind of car insurance should I get for my child
6:15 What does full coverage mean
6:18 Mandatory minimum car insurance does not pay much
6:48 Mandatory minimum insurance is $10,000 property damage and $10,000 medical and wage loss
7:33 What exposure you have with mandatory minimum insurance
8:02 What happens when your property damage coverage is not enough to pay
8:39 Injuries to people are not covered under basic car insurance
9:00 Bodily Injury Insurance is important
9:18 What you get for when you pay your premiums
9:20 The two things insurance gives you for your money
9:25 What does indemnity mean
9:33 What are policy limits
9:47 What defense does my insurance company give to me
10:12 Pay your claim is to buy a release
10:27 A simple example of how insurance works
11:02 You may be personally liable for the injuries caused.
11:13 Am I safe if I don't have anything for the person to sue me for
11:32 Uninsured motorist insurance explained
11:55 You get sued for subrogation and lose your driver's license if you don't pay
13:33 What kind of car insurance I should get to be safe
14:15 Umbrella Insurance explained
14:28 Adding uninsured motorist to your umbrella
14:58 Why buying an old car for your child is more expensive than a newer model
15:48 Putting the car in your child's name explained
17:12 How much bodily injury insurance should I have as the owner of a car
17:32 The parent who signs the driver's license has unlimited liability for their child
17:50 Why you should put the car in your child's name on their 18th birthday
18:20 Put the car in a personal property trust to protect yourself
18:55 How to help your child be a good driver
19:19 Tips on how to teach your child how to drive
20:19 Take the pledge to end distracted driving

Видео How to Prepare for Teen Drivers (7 Bulletproof Steps) канала MattLaw