If you have a new driver in your household, you’re likely familiar with the graduated licensing process, but may be wondering at what point they’ll need insurance coverage. In most provinces, young drivers are covered free of charge under their parents’ policies when they achieve the first level of the licensing process, but they must be listed as a driver. Requirements vary by province, so call your insurer to confirm what is required.

How to save more

Most provinces will shorten the time period required for a beginner’s or learner’s permit level for drivers who pass an approved driver education program, which can also earn them a discount on their insurance premiums when they become fully licensed. If they have not had any at-fault accidents or chargeable convictions during their licensing process, they may also earn discounts on insurance.

Insuring a youth as a principal operator on a vehicle is typically more expensive than as an occasional driver of your car. You may save money on premiums by encouraging your child to gain driving experience on your car before they purchase their own. Other ways to save include increasing the deductibles and removing unnecessary coverage on older vehicles, such as collision coverage.

For more ways you can save on auto coverage for the whole family, contact a Licensed Insurance Representative at 1-800-387-1963.