On average, a parent’s premium is affected significantly after adding a teenager, even without adding an additional vehicle to their auto insurance policy. Parents can expect their auto insurance premiums to increase by approximately How much does it cost to add a teenager to car insurance?
In most states, there is a significant rate impact when adding a teen driver to an auto insurance policy - but there are things parents and teens can do to offset these increases.
So, teen drivers are riskier to insure and get charged higher rates, even when they have a clean driving record.”Īccording to the new Coverage study, parents can expect their auto insurance premiums to increase by approximately 130% when adding a 16-year-old teen driver.
“Young drivers are statistically much more likely to get into an accident - especially young males. But there’s not much you can do about your age or gender, which play a significant role in how much you pay for coverage.”
“There are many factors that affect your auto insurance rate that you control, such as the type of car you drive and your driving history. Personal finance expert and published author, Laura Adams explains, This increased risk is passed on to policyholders in the form of higher premiums. Insurers see teen drivers as high-risk since inexperienced drivers don’t bode well behind the wheel. So why are teens so pricey to insure? Statistically, younger drivers are more accident-prone. Or legal advisor for advice regarding your personal circumstances.The national average premium after adding a male teenage driver is $4,048, while the national average for females is $3,819. Neither State Farm nor its agents provide tax or legal advice. Which provide banking and insurance products. is a separate entity from those State Farm entities Stateįarm is a separate entity and is not affiliated with Trupanion or American Pet Neither offer nor are financially responsible for pet insurance products. State Farm Mutual Automobile Insurance Company, its subsidiaries and affiliates,
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