How much is it to add a teenager to auto insurance?
If you add a teenager to a car insurance policy, rates will increase by an average of $333 to $500/mo. However, the cost of adding a teenager to car insurance varies by location, age, gender, and vehicle type. Before you add a teenager to car insurance, shop around for teenager auto insurance quotes using our free quote comparison tool below to find the lowest teenager auto insurance rates.
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Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
Kristen Gryglik
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Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Tracey L. Wells
Updated June 2023
The following is an exported forum post from our discontinued forum. If you would like to reply to this old forum post, please post a comment below.
My parents said they would insure me and put me on their policy if I pay for the extra cost
I’m turning 16 in a couple months
How much do you think my insurance will be??
Our Answer
Welcome to the fun world of car insurance! As a 16-year old driver, you’re going to pay some of the highest rates for car insurance. Your premiums will be high whether you’re bundled under your parents’ policy or buying your own policy.
However, your parents are doing you a huge favor by allowing you to be listed on their own policy. A 16-year old driver pays an average of $4,000 to $6,000 per year for car insurance on a separate policy. Under your parents’ policy, their premiums may double – but it’s still much less than what you would pay on your own.
Let’s say your parents pay around $100 per month for car insurance today. Adding a 16-year old driver to an insurance policy will cause costs to rise significantly. Let’s say your parents’ premiums double to $200 per month. Now, your parents are paying $2400 per year for car insurance. That may sound expensive, but you’re still paying thousands of dollars less than what you would pay for car insurance on your own policy.
That being said, there’s no set rate for anyone. Your insurance premiums will vary widely depending on:
- Your ZIP code
- Your state
- Your age and gender
- What type of car you are driving
- Whether you are driving your own car or your parents’ car
- The type of coverage on the vehicle (liability only versus comprehensive and collision coverage)
- Your grades in school (many insurance companies offer good grade discounts)
Based on all of these factors, you could pay anywhere from $3,000 to $7,000 per year for car insurance. Fortunately for you, your parents have offered you a great deal and you should take it.
Ask your parents to contact their insurance company
It’s good you’re prepared for the high cost of car insurance! We recommend doing a little more research while you wait to turn 16. Ask your parents to contact their insurance company. The insurance company should explain how much you can expect to pay for car insurance with a new 16-year old driver on the policy.
After you get this estimate from your insurance company, you can prepare to pay your parents the extra amount every month.
Compare your own car insurance quotes
Alternatively, you can compare your own car insurance quotes if you like. Let’s say you have your own vehicle (say, if you’re not driving your parents’ car). You may want to have your own separate insurance policy.
It’s easy to compare car insurance quotes online in minutes. Just input your ZIP code and some basic information about the make and model of your car. Get quotes from multiple insurance companies serving your area.
As a new 16-year old driver with your own car insurance policy, you will pay higher premiums than virtually any other driver on the planet. However, it costs nothing to compare car insurance quotes and see how much you could pay on your own.
At the very least, comparing your own car insurance quotes will show you how much you can save by getting bundled under your parents’ policy.
Getting bundled under your parents’ policy can help you save thousands
Ultimately, we recommend taking your parents up on their offer. Get listed on their policy and pay for the extra cost. Instead of paying, say, $300 to $500 per month for your own car insurance policy, you’ll be ale to pay $100 to $200 per month – if not less.
Contact your parents’ car insurance company – or ask your parents to contact their car insurance company – to determine how much extra they will be paying each month to have you listed.
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Other Answers
Answer 1
There is no set rate for anyone, anywhere. You must ask an insurance
There is no set rate for anyone, anywhere. You must ask an insurance company what the premium may be. If you have an insured car, it will be cheapest to add her to your policy.
Answer 2
Have you discussed with your insurance company in this matter? This is certainly dependent on the company, location, your age etc. Have a word with them and if required then you can share your conversation with us over here.
Answer 3
IT Is so USefull TO Your car and Young Drivers
Answer 4
The insurance premium for young drivers can be controlled by safe driving practices being adopted by the young drivers. The no claim bonus is applicable in these policies too. The young drivers can drive safely for certain stipulated period and hence raise no claim. This will entitle them to the no claim bonus in the form of the discount in premium. The safety accessories fitted to the car will also fetch you some discount on the premium. The car model also makes difference in the premium. The sports car will take more speed and hence there would be more chances of damage. Therefore, it is recommended that if you are looking for an affordable premium for your teen ager’s car then always buy him the basic car.
Answer 5
If you have good grades this will impact on the insurance you pay. The assumption is that a person with high grades is likely to be more responsible. Think about it. If you set aside time to study and do well with your grades you are more likely to be ‘stable’ and trustworthy. Insurance companies will take this into account.
Answer 6
Usually, occasional drivers pay substantially lower premiums. You will pay around 40% the normal rate on liability coverage and 60% on the collision coverage.
Unfortunately, since you will be added to your parent coverage, I guess you won’t be able to shop for other insurance companies. The prices could be very different from an insurer to another.
Even if you find the price is high, I would get the insurance. If you drive safely and you don’t fill any claims, your premiums will decrease considerably every year. You will build a good driving record and you will get credibility. Also, the price will drop every year considering you are older and you have been driving a longer time.
Frequently Asked Questions
How much does it cost to add a teenager to auto insurance?
The cost of adding a teenager to auto insurance can vary based on several factors. These factors may include the teenager’s age, driving experience, gender, location, type of vehicle, and the insurance company’s pricing policies. On average, adding a teenager to an auto insurance policy can significantly increase the premium. The increase can range anywhere from 50% to 100% or more. It’s best to contact your insurance provider for an accurate quote specific to your situation.
Why is adding a teenager to auto insurance more expensive?
Adding a teenager to auto insurance is generally more expensive due to statistical data that suggests teenage drivers have a higher risk of being involved in accidents. Insurance companies consider teenagers to be a higher risk group due to their lack of driving experience and higher likelihood of engaging in risky behaviors while driving. As a result, insurers increase premiums to offset the higher potential costs associated with insuring teenage drivers.
Do all insurance companies charge the same amount to add a teenager to auto insurance?
No, insurance companies have different pricing structures and considerations, which can result in varying costs for adding a teenager to auto insurance. It’s advisable to contact multiple insurance providers and request quotes to compare prices and find the most suitable option for your needs. Remember to evaluate the coverage and reputation of the insurer alongside the cost.
At what age can a teenager get their own auto insurance policy?
The age at which a teenager can get their own auto insurance policy may vary depending on the laws and regulations of the specific jurisdiction. In most cases, individuals need to be at least 18 years old to purchase their own auto insurance policy. However, it’s important to consult with local insurance providers or regulatory bodies to determine the exact age requirements in your area.
How can I compare auto insurance quotes for a teenager?
You can compare auto insurance quotes online using free quote comparison tools. By entering your information and the teenager’s details, you can receive quotes from multiple insurance companies to find the best rates for adding a teenager to auto insurance.
Can I exclude my teenager from my auto insurance policy to save money?
While it may be tempting to exclude your teenager from your auto insurance policy to reduce costs, it is generally not recommended. Excluding a driver means they are explicitly not covered by your insurance in the event of an accident. If your teenager drives the insured vehicle and gets into an accident, you would be personally liable for all damages and expenses, which could be substantial. Moreover, some insurance companies may not allow exclusions, or they may have specific requirements for exclusions to be valid. It’s essential to discuss your options with your insurance provider to make an informed decision.
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