Adding Learner’s Permit Drivers to Your Auto Insurance Policy in Georgia: Avoid the Premium Spike
In Georgia, adding a learner’s permit driver to your auto insurance policy may seem like a minor detail, but it can have a significant impact on your premiums later on. If you wait until they obtain their driver’s license, you may face a substantial increase in your rates. In this post, we’ll explore the consequences of waiting and highlight a case study that demonstrates the importance of adding learner’s permit drivers to your policy.
No Impact on Premiums:
Adding a driver with a learner’s permit to your policy in Georgia will not affect your premiums. Your rates will remain the same, as the insurance company does not consider a permit holder a licensed driver.
Adding a driver with a learner’s permit to your policy in Georgia will not affect your premiums. Your rates will remain the same, as the insurance company does not consider a permit holder a licensed driver.
Consequences of Waiting:
If you fail to add the learner’s permit driver to your policy and wait until they receive their license, the insurance company will consider them a brand new driver without any history. This can lead to:
If you fail to add the learner’s permit driver to your policy and wait until they receive their license, the insurance company will consider them a brand new driver without any history. This can lead to:
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Higher premiums: Your rates may increase by 50% or more, as the insurance company will consider the new driver a higher risk.
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Missed opportunities: You may miss out on the chance to gradually increase your coverage and premiums, leading to a bigger financial impact.
Case Study:
Meet David, a Georgia resident who added his daughter to his auto insurance policy only after she obtained her driver’s license. Her premiums increased by 60%, resulting in an additional $800 per year. If David had added his daughter to the policy when she had his learner’s permit, his premiums would have remained the same, and he would have avoided the significant spike.
Meet David, a Georgia resident who added his daughter to his auto insurance policy only after she obtained her driver’s license. Her premiums increased by 60%, resulting in an additional $800 per year. If David had added his daughter to the policy when she had his learner’s permit, his premiums would have remained the same, and he would have avoided the significant spike.
How to Add a Learner’s Permit Driver:
Don’t try to navigate the process alone! Contact us at brent@insurancepm.com to have one of our experienced insurance agents handle the details for you. Our team will ensure a smooth transition and maximize your savings.
Don’t try to navigate the process alone! Contact us at brent@insurancepm.com to have one of our experienced insurance agents handle the details for you. Our team will ensure a smooth transition and maximize your savings.
By working with an insurance broker like us, you’ll enjoy numerous benefits, including:
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Expert guidance: Our agents will help you make informed decisions about your policy.
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Access to multiple carriers: We’ll shop your policy across various insurance companies to find the best rates.
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Personalized service: You’ll receive dedicated support from a licensed professional.
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Claims assistance: We’ll be there to help if you need to file a claim.
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Policy reviews and updates: We’ll regularly review your policy to ensure it remains tailored to your needs.
Let us handle the details, so you can focus on what matters most – helping your new driver become a safe and responsible driver!
Get a Complimentary Policy Review
Contact us at brent@insurancepm.com to schedule a complimentary policy review and let our expert team ensure your policy is set up correctly. We’ll help you avoid potential pitfalls and maximize your savings!
Contact us at brent@insurancepm.com to schedule a complimentary policy review and let our expert team ensure your policy is set up correctly. We’ll help you avoid potential pitfalls and maximize your savings!