Adding a teen driver to your auto insurance policy can feel like handing over the keys to your stress levels. Between the increased premiums and the increased risk, it's natural for parents to worry. One way to protect your family’s financial well-being—and your peace of mind—is by adding umbrella insurance to your coverage.
Umbrella insurance provides extra liability protection beyond the limits of your auto and homeowners policies. It kicks in when your standard coverage reaches its limit, offering an additional layer of security in case of a costly accident or lawsuit.
Teen drivers are statistically more likely to be involved in accidents due to their inexperience behind the wheel. Even a relatively minor accident can lead to major financial consequences—especially if multiple vehicles, property damage, or injuries are involved.
Here’s how umbrella coverage can help:
Covers high-cost claims: If your teen causes an accident that exceeds your auto policy’s liability limits, umbrella insurance can cover the difference.
Protects your assets: Without umbrella insurance, you could be personally responsible for damages, putting your savings, home, or future income at risk.
Covers legal fees: If you're sued, an umbrella policy helps cover legal defense costs.
Peace of mind: You can’t put a price on knowing your family is protected, no matter what happens on the road.
Imagine your teen driver accidentally causes a multi-car collision with injuries. Your auto insurance covers $250,000 in bodily injury liability, but the medical bills and legal fees add up to $600,000. Without umbrella insurance, you’re responsible for the $350,000 gap.
With a $1 million umbrella policy in place, your assets—and your future—are protected.
Teen drivers may be new to the road, but they shouldn’t be the reason your finances take a detour. An umbrella policy is an affordable way to prepare for the unexpected and protect what matters most.
Want to learn more about adding umbrella coverage to your policy? Let’s talk. We’re here to help you make confident, informed decisions about protecting your family.