teen Archives - Spencer Insurance Agency, Inc

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October 16th – 22nd is Teen Driver Safety Week. 

Please share this short video with your Teen Drivers.  Pass it on to a parent you know who has a teen driver.
Did you know that Spencer Insurance has a website dedicated to the “Parents of Teen Drivers?”  Check it out!  Let your friends and family know about this valuable website.

Check out our Facebook page these weeks for more tips and videos.

We hope you find this information helpful.  Spencer Insurance Agency wants to help you protect your family.

Have a great week,


Sticker Shock for the Parents of Teen Drivers!

All parents have sticker shock when they learn how expensive insuring their new
teen driver is going to be.  Especially in today’s economy everyone is looking for
ways to save money and reduce costs.

But you always want to keep in mind the primary reason you buy insurance; to
protect your assets from the unexpected large claim.  No one really wants ‘cheap’
insurance, but everyone wants to feel they get good value for their dollars.

I’m going to tell you about the most costly
mistake you can make as a parent:

Lowering liability limits for teen drivers to save money

This mistake can cause you financial disaster. You have to remember that the
real purpose of insurance is to save you from the catastrophic claim, not the minor
bump-up.  If your teen causes an accident that seriously injures others, you will
want the most coverage you can afford.

Many times parents will cut back their liability limits just to save a few bucks – thinking
nothing will happen. The fact is teen drivers are 5 times more likely to get into an
accident than an experienced driver and the cost of a teen driver’s claim is on average
3 times higher.

The smartest decision a parent can make is to increase the liability limits to at least
$250,000/$500,000 and add a million dollar liability umbrella. This is the cheapest way
to get great coverage. You can do this and still save money.


For more tips for Parents of Teen Drivers go to our Website and click the “Have a Teen Driver?” starburst.

Help us Support the Abington Township Police Athletic League (PAL)!

During the the months of October, November and December, Spencer Insurance will spotlight The Abington Township Police Athletic League (PAL).  For every referral we receive, Spencer Insurance Agency will donate $5 to PAL.  Check out all the great things PAL does for our community.  Visit their website at http://www.abingtonpal.org