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Im a 17 year old female getting auto insurance for the first time. my parents dont want to add me to their plan cause they dont want to be liable if i get into an accident. they say it will raise their rates.
1) is this true?
2) how much do u think i would have to pay? whats the average?
I have some good news and some bad news. I’ll give you the bad news first –
If you are under age 25, your insurance is going to be much higher than you average adult. There is no way around it. That’s just the way car insurance works.
Since you are going out on your own to find auto insurance, you are not obligated to use your parent’s company. I can’t say for sure, but I doubt they are getting the cheapest rates possible. There are many sites, such as this one, that allow you to compare insurance quotes from different companies until you find the best rates.
It’s hard to estimate your price per month for your car insurance because there is a lot to be taken into consideration. Your location, the type of car you’ve got, etc.
Yes, your parents insurance would potentially go up if you were in an accident and were the driver at fault. However, the price is still probably going to be higher for you to have insurance on your own. Who is paying for the insurance, you or them? If you’re paying for it, see if they’ll put you on their policy and then you pay them the difference. They’ll likely get an additional discount for adding another vehicle so that will be an added savings.
Do you get good grades? If so, be sure to tell this to your insurance company so you can get an extra discount. Another way to get an additional discount is to take a defensive driving or driver safety course. You may have already completed drivers ed, but an additional safe driving course is going to get you cheaper rates.
I hope your parents will reconsider.