Last week I posted a blog asking Do i need uninsured motorist coverage on my auto policy? I was asked a follow up question than many people may want to know and that is do teenagers need underinsured/uninsured motorist coverage too? Great question, lets be very frank, I know that it costs a lot of insure teen drivers, but there is a reason why they cost so much, it is because they have a lot of accidents. Here in Florida we have the top three deadliest metro areas for teen drivers. The Tampa metro area including, St Petersburg, Clearwater, and Brandon is the number one deadliest area in America for teen drivers.
Because of the cost of insurance for teens parents are doing everything they can to save money on the insurance, and one of the first things to go is uninsured motorist coverage, heck the law doesn’t say you have to have it to drive it must not be that important.
I believe that teenagers need uninsured/underinsured motorist coverage too. Lets think a little about your little Johnny, or little Susie. They have they entire life ahead of them, if they were to be injured how will they live? Do you have the money to pay for all their care for the rest of their lives?
Before the economy went into this recession, there were a lot of uninsured drivers in Florida. The number back in 2006 was around 17% in a report by the Insurance Research Council Florida was listed in the top 3 states for uninsured drivers. The report shows 24% of drivers in Florida do not have insurance. Yes you read that correctly 24% of drivers in Florida are uninsured, that is a staggering 1 in 4 drivers do not have insurance, let alone the number of drivers who are underinsured.
Does your teen driver need uninsured or underinsured motorist coverage on their auto policy Yes! In fact you and them shouldn’t drive unless you have it. They also need to make sure that they are included on an umbrella insurance policy. You would want to have the umbrella policy not only to protect your assets, but also to get higher limits of uninsured motorist coverage.
We at Most Insurance is always happy to spend more time explaining what coverage you do need. We are here for you. If you are looking for a Tampa Auto Insurance quote? Click on the link for all the information. Feel free to check out Auto Insurance Blogs for more useful tips.