Is umbrella insurance worth it for someone with a teenage driver?

Direct answer

Yes, it is often worth it because the statistical likelihood of accidents increases with inexperienced drivers, and umbrella insurance provides an extra layer of protection if a major claim exceeds your auto policy’s limit.

Actuarial data concerning auto accident frequency and liability claim severity involving young drivers.


What this means for you

Yes, it is often worth it because the statistical likelihood of accidents increases with inexperienced drivers, and umbrella insurance provides an extra layer of protection if a major claim exceeds your auto policy’s limit.

FARMER STOCKMAN

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This page is informational and not a coverage guarantee or quote.

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