Redstone Federal Credit Union

ings were so much easier when your child was driving toy cars. Now that your teen is about to get behind the wheel, teaching him or her how to drive safely can be a nerve-racking time. Before they leave the driveway, think about how they're covered on your policy. Many parents wrongly assume that student drivers are automatically covered, especially if they're just driving the family car. is is not the case. Jennifer Manglona, Insurance Specialist at Redstone Insurance Services, offers these tips for insuring your teen driver: • Start early. e best time to begin the process of insuring your teenager is before he or she gets a learner's permit. Check your insurer's requirements. • Compare rates. Don't just add your teen to your existing policy without contacting your insurer to see what it would cost. While it's almost always cheaper adding them to your existing policy than putting them on a separate policy, insurer rates vary greatly for teenage drivers. Even if your current rate seems better than the competition, that could change with a new driver thrown into the mix. • Review your liability limits. Teen drivers, statistically speaking, are far more likely to be involved in a collision than any other age group. at makes proper coverage for your teen all the more important. Re-evaluate your policy when your teen gets their license. • Check for rewards. Some insurers offer discounts for students who have good grades, complete a defensive driving or driver's education course, or live away from home. • Consider car options. Sharing the family vehicle makes it easier for you to monitor their driving and typically holds them more accountable. If your teenager is going to have his or her own set of wheels, considerations such as safety features, low-cost models and older vehicles will lower the rate. If you have questions about insuring your teen driver, talk to us at 256-722-8301 or email us at info@redstoneinsurance.org. 10 | r e d f c u.o r g R E D S T O N E I N S U R A N C E S E RV I C E S Manglona Redstone Services Group SM , LLC, d/b/a Redstone Insurance Services, is a wholly owned subsidiary of Redstone Federal Credit Union ® (RFCU ® ) but are separate entities. Redstone Services Group, LLC is a licensed insurance agency that sells insurance policies issued by third- part y insurance companies. The insurance products are not products or obligations of RFCU, are not NCUA or federally insured, and are not endorsed, warranted, recommended, or guaranteed by RFCU or any government agency. The insurance products may be offered by a dual employee who also sells insurance products on behalf of a third-part y insurance company. INSURANCE SERVICES SM • What You Should Know About • INSURING YOUR TEEN DRIVER

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