Do you have a teen driver? Do you want to know whether your teen needs his own Auto Insurance Policy or not? Or Are you a teen and want to know how much car insurance is for teens? If yes, then you have landed on the right page.
As per the laws, every car owner and driver must get car insurance for their car. And this rule applies to teenagers as well. Every parent must secure their child with car insurance the moment they give them a vehicle to drive. However, car insurance for teens is a costly affair due to higher premiums. Whether you buy separate car insurance or add a teenager to your car insurance policy, your monthly expenses go very high. If you are looking for ways to save more on car insurance or cheap car insurance for teens, read this post until the end.
How Much Is Car Insurance For Teens?
Whether you are a teen and want to know how much car insurance is for teens or are parents and understand how much it will cost for your son or daughter. In any case, car insurance is expensive. Yes, car insurances for teens are pricey affairs. For instance, if you’re a teen and want to buy your car insurance policy, you’ll pay an average of $417 a month for your car insurance. And if you’re a parent and share your car with your kid, you will have to add a teen driver to your policy, and for that, you will have to pay an average of $278 a month. It means an extra toll on your pocket. It doesn’t sound awe-inspiring! You may want to make your kid sit at home in that case!
You don’t need to, as there are a few ways to get cheap car insurance for teens. You can get cheap auto insurance for teens even when he/she is young and has minimal driving experience.
How much does car insurance cost for teens?
On average, teens between the age group of 16-19 years end up paying $2,999 per year for their car insurance. Whereas the ones in the age group between 20-24 years spend $2,040 per year, and the rates start to go down once you are above these age groups. It is quite a lot when it comes to car insurance for teens. It is an additional cost as a parent or being a teen have to bear every year. However, there are ways to get the best car insurance for teens.
Why Does Car Insurance For Teens Cost So Much?
More often than not, insurance companies base their insurance rates on the risk associated with driving. Teens are usually less skilled drivers, which means the risk is always higher with teens. Teens are considered high-risk drivers, and that’s why they need to pay a high premium while low risk and the safe driver pay a lower premium.
Besides having minimal driving experience, many teens do not even attend drivers’ training school. It means they have less knowledge about driving techniques and traffic rules. Remember, just knowing how to operate the steering wheel doesn’t make you a great driver. There is a lot that you need to learn about how to drive and merge with traffic. Besides, you also need to learn to make right turns and other driving skill sets.
Getting the best auto insurance for teens becomes a lot easier if a teen is a good driver. It takes just a few months to learn to drive skillfully. Besides getting driving lessons, teens also learn about the car and its various parts in detail.
These are the significant reasons that make car insurance for a teen costlier. Besides these factors, the car version or type or model also adds to the car insurance cost. It means you own a cool car model, and you will end up paying more for car insurance. Or if you give your kids high-end model cars, like a Chevy Corvette or a Camaro or a Ford Mustang. With these vehicles’ models, you will pay high car insurance rates while the less cool cars like a Honda Accord, or Camry, or a Toyota Corolla will cost you less in most cases. These cars are considered as family cars, which are safe and reliable, and that’s the reason that costs less to insure.
Car insurance for teens simply adds $200 to $300 or more a month, which is too much. You must be enticed to cut on your car insurance expense by only having cheap car insurance for young drivers.
Ways To Get Cheap Car Insurance For New Drivers
The best way to have cheap car insurance for new drivers is to make them learn driving correctly. They should have a clean driving record. This means the teen does not have any reports of traffic violations, mustn’t be involved in an accident, and has not acquired speeding tickets.
If you are a parent, you can get cheap car insurance for teens by buying insurance with a higher deductible. The higher the deductible, the lower the premium. Also, if you plan to buy a car for your teen, make sure you buy the one with extra safety features. It will also impact your teen’s car insurance, and you would be able to get cheap auto insurance for teens.
Another way to have the best car insurance for teens and save money is to shop around. Contact a few companies to get the best auto insurance for teens. They can help you have cheap car insurance for new drivers.
Be a SMART CONSUMER. Keep your cost low and have the best and cheap car insurance.
How Can I Get Cheaper Car Insurance For Teens?
1. Buy an old car for teens
Of course, buying a new car has its advantages and benefits; however, this is one of the best ways to save on car insurance. It is always good to give your kids a gently used sedan, instead of giving them a new Porsche. Buying an older car for a teen driver may save you some money on insurance. However, it is always recommended to check with your agent about the cheap auto insurance for teens.
2. Ensure the safety features of the car
Whether you buy an old car or a new car for your kid, make sure all safety features like airbags and extra seat belts are in place. These safety features can help you save a lot of money on premium charges.
Besides, you will have to worry less about your child while he/she is out driving. Newer cars offer built-in insurance savings. The latest car models come with safety features — like airbags, anti-theft devices, and anti-lock braking systems. All these features can lower premium costs, and you can get the best car insurance for teens while older cars may not have all of these features.
3. Motivate teens to study hard
It also matters! More often than not, car insurance companies offer discounts when teens earn top grades. Top grades of your teen can save you up to 20 percent of the total premium amount. The new driver below the age of 25 if qualifies for any of the following conditions, is entitled to discounts on car insurance:
· Must have an average or higher for all subjects combined.
· Must be included on the dean’s list or honor roll.
· Must have a ranking in the upper 20 percent on one of six standardized tests.
The discount amount will vary state to state; however, requirements for a good grader discount remain the same as American Family Insurance. If your teen is a good grader, you are sure to get the best auto insurance for teens.
4. Check with insurance companies
There are many insurance companies like ours that can help you have cheap car insurance for young drivers. It is better that you do a background check of the insurance company before you finally decide to go for car insurance.
5. Multiple Insurance
It’s not just car insurance that you have to take care of; however, there are several types of insurance that a family buys. So, this can be an excellent opportunity to purchase cheap car insurance for new drivers. All you have to do is check with your insurance agent. You can choose to go with multiple insurance or clubbed insurances, like home insurance and auto insurance. Likewise, you can select for clubbed protection and save money on the premium.
6. Get your teen enrolled in a safe-driving course
Remember that the primary reason for higher premiums for teens is the likelihood of more accidents. Accident rates for teens are the highest. They are considered risky drivers, which is why most insurance companies charge higher prices for teen’s car insurance. It is advised that you get your teen enrolled in a safe-driving course where they will be taught the road rules. It is a great way to promote safe driving and get cheap auto insurance for teens.
7. Check for different programs with insurance agents/companies
Another way to get the best auto insurance for teens and save on car insurance is – check if your insurance company has any such program that helps you have lesser premiums—for instance, safety-driving courses certified by the company. Then there are some programs where if you purchase their educational videos instead of availing lessons, you will be granted a specific discount on premiums. This is good for both your teen and you as you can get your premiums less.
8. Raising your deductibles to lower car insurance.
Lastly, you can raise your deductibles to $2,000. It will merely lower insurance premiums. However, this is workable only when you are ready to take the risk and ensure that your car won’t get into pieces with your teen driving.
These are the ways that can get your premiums less. However, we can always help you with your requirements, whether you are looking for the best car insurance for teens or cheap car insurance for young drivers.
What Is The Best Auto Insurance For Teenage Drivers?
Car insurance is a MUST HAVE for all the car owners and drivers. It includes teens also. However, the whole thing looks quite a task altogether. Here is the list of the six best auto insurance companies for teenage drivers:
I. Allstate
Allstate is considered the best car insurance for teens, especially for unmarried students below the age of 25. If your teen is a good grader, pursuing a full-time university course, attending school at least 100 miles away from home, commuting by car, and having completed a teenSmart driver’s ed program, then he/she is entitled to get significant savings.
Allstate provides you with local agents who walk you through the complete insurance process. The moment the Allstate agent is there at your place, you can always ask about different discounts on car insurance. Allstate offers myriads of discounts, including safe driver discounts, good grade discounts, discounts for installing a safe driving app, etc. If you don’t commute by your car to your school, you can still ask for a lower premium. Allstate’s agent will help you with the best auto insurance for teens.
II. USAA
USAA is considered one of the best car insurance for a newly joined military cadet. If you have entered the military just after the completion of your high school or college graduation and are looking for car insurance, then USAA is the company to approach. USAA offers excellent policies meant explicitly for military members, veterans, and their families. The company is known for providing the best auto insurance for teens and its customer support service.
You can find coverage for all of your insurance needs, from auto insurance to home insurance. USAA does not provide local agents, but you can reach a company’s representative 24X7.
III. Erie Insurance
People living in Indiana, Illinois, New York, Maryland, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin can rely on Erie Insurance for all their insurance needs. Erie Insurance is considered one of the most affordable companies for teen and young drivers. You can always expect cheap car insurance for young drivers, as the company offers discounts of up to 20% for young drivers who live at home and are under 21. Besides, they also provide discounts under various programs, like taking a driving class, participating in their competitive program, etc. Erie Insurance is one of the best companies and is known for its competitive prices and excellent claims service.
IV. American Family Insurance
American Family Insurance is a very well-known insurance company in the market. The company offers a free Teen Safe Driver program that helps people to save up to 10% of premiums. However, the discount is applicable once the driver completes either 3,000 driving hours or one year using the app that tracks driving behavior and provides feedback. Besides, the company also offers lower premiums for older cars, which helps you get cheap car insurance for new drivers and save money on car insurance. However, you have to ensure that the vehicle has all the safety features like airbags and seat belts. You will have to get a safety inspection done from a reputable mechanic in case of older car insurance from American Family Insurance.
V. Nationwide Insurance
Like any other insurance company, Nationwide Insurance also offers a good grader discount to teens. In addition to this, it also offers accident forgiveness, even in the case of teen drivers. Besides, the company also offers 24/7 roadside assistance. It is one of the best ways to get your driving monitored at all times. Their SmartRide program can help you get good discounts after using it for a year. You can choose to club discounts on a family plan, so if you being a parent, qualify for a discount for being accident-free, your kid will automatically be eligible for the same—a great way to get the best car insurance for teens.
VI. State Farm Insurance
Another insurance company to get cheap auto insurance for teens State Farm Insurance. It is the largest insurance company in the U.S. as they insure more cars and homes than any other insurance company. State Farm Insurance is considered one of the best companies for teens’ best good grader discounts. The company offers competitive premiums and is one of the best options for people living outside of major city areas and states not covered by smaller insurance carriers. State farm offers a 25% discount for good grades until the age of 25 and is popularly known for its excellent customer support service. State Farm also runs Steer Clear and Drive Safe & Save programs that offer discounts based on driving habits and help people get cheap car insurance for teens.
How Much Is Car Insurance For A Teenager A Month?
Car insurance for teenagers costs a lot. Whether you plan to buy separate car insurance for your teen or add him/her in your coverage, it will significantly add to your expenses. If you purchase an individual car insurance policy for your teen, you’ll pay an average of $438 a month. If you add your teen to your insurance policy, you’ll be paying an additional $278 a month. However, there are ways to get cheap car insurance for teens and save money on insurance.
How much car insurance for teenagers costs?
Teen car insurance is a pricey affair. Insuring a teenage driver will add to your pocket no matter what, as told earlier that adding a teenager, like a 16-year-old driver to your policy, will cost you an additional $278 a month. If you go for an individual policy for your teen, it will cost you $438 a month, which is quite a lot. But of course, you cannot make your kids sit at home until he/she becomes 25.
According to studies, teenage boys end up paying more than girls for auto coverage. Similarly, adult men pay more than women for car insurance. A teen boy pays an additional $37 per month than a teen girl for an individual plan. It means you end up paying an extra $444 per year for your teen boy!
Then if you add your teen to your policy, it will again cost you more. However, the premium depends on several factors, such as the car model, the location where the car is insured, coverage levels, car safety features, and many more. However, adding a teenage boy to your policy will cost you $193 per month, while adding a teen girl will cost you $180 per month. Whatever it is, you have to deal with reality!
Still, there is a ray of hope. Yes, you can still get discounted car insurance. Companies are providing cheap auto insurance for teens. Insurance companies keep running several programs to help you get the best car insurance for teens.
Why Is Car Insurance For Teens So Expensive?
It is a question that asked quite often. Well, several reasons make car insurance for teens so expensive. These reasons include:
- Teenage drivers pose a huge risk to insurance companies.
- Teenage drivers are inexperienced. This means they are more likely to make mistakes while driving.
- Often mistakes that teenage drivers make lead to severe accidents.
- Teenage drivers are not so mature, thereby having a higher propensity for risky driving.
- The citation rate for teens is way too higher compared to older and experienced drivers.
When Can You Add Your Teen To Your Policy?
Yes, if you and your child share the same vehicle, you can add your teen to your policy. It is wise to add your teen to your car insurance policy as going for two separate policies make no sense and can be illegal in some states. All you have to do is put your child in your policy, and you are all set for cheap car insurance for new drivers. You will be able to save a great deal of money by adding your teen to your policy.
Ways To Save Money On Car Insurance For Teens
Clubbing or combining your insurance policies can save you on teen’s car insurance. Instead of going for an individual car policy for your teen, go for a bundled policy. Adding your teen to your policy can save you 40% on the total premium.
Get your teen an older car. Premiums on older cars are always lesser, which means you can save a lot of money by buying an older car for your teen. However, you will have to get the car inspected by a professional mechanic to see that it is in working condition and won’t tear down in a few rides.
Another excellent way to get the best auto insurance for teens is – get your child enrolled for a safety-driving course. Those who take formal courses are highly likely to pay lesser premiums.
You can be lucky and can quickly get cheap car insurance for young drivers if your teen is a good-grader. Yes, good graders get discounts for being exceptional in studies. So, if your kid is outstanding in studies, then you don’t need to worry. Your teen has already done his/her part.
Contact the best insurance company. A lot of car insurance companies offer several different car insurance discounts for teens. They provide a good-grade discount, safety-driving course discount, and many more.
Be wise choosing the insurance agent or company for car insurance for your teen. If you buy from a reputable insurance company, you would be able to get cheap car insurance for teens. We provide the best car insurance for teens!
Does My Teen Driver Need Their Own Auto Insurance Policy?
We understand your concern as a parent of a teen driver. You might have a lot of questions on your teens’ auto insurance policy. Here we are sharing with you why you should insure your teen’s car separately.
Why Should You Insure Your Teen Driver’s Car?
Auto insurance for teens is as essential as it is for adults. Each person who drives a vehicle should get his/her insurance done. Avoiding to get a teen’s auto insurance shall be treated as a case of fraudulence under the laws of the state you live in. In such situations, you may have to pay a larger amount. For instance, if your teen is not insured and drives your car, and he meets with an accident, you won’t be able to claim any coverage for the same. So, you must get your teen insured, instead of not insuring your teen use methods to get cheap car insurance for teens.
Why Should You Get Your Teen Driver His/Her Own Auto Insurance Policy?
There are many reasons that you should get your teen driver his/her own auto insurance policy; however, the most important ones are:
- You can save money on premiums.
- It reduces your potential liability.
Adding A Teen Driver To Your Policy Can Increase Your Rates.
It is the first and foremost reason that you should get your teen his/her own auto insurance policy. If you add your teen to your policy, it will only add your cost. It is because young drivers lack experience and maturity. More often than not, they tend to speed, drive carelessly, lack the expertise to handle certain situations, and, most importantly, show off by driving recklessly. All these together lead to accidents and more significant damages. This is why insurance companies charge higher premiums for young driver car insurance. Insurance companies see teen drivers as a big risk and an inevitable claim or payout. However, there are solutions to get cheap auto insurance for teens. Like:
i. Get them enrolled for a safety-driving course or defensive driving program.
ii. Ask your teen to get good grades, as it impacts the cost of car insurance. Many companies provide good student discounts.
iii. Instead of buying an expensive and cool car like Mercedes, buy your kid a less expensive car as that also impacts the premium.
iv. Consult your insurance carrier for the best car insurance for teens. They carry immense knowledge in the field, and they can help you choose the best auto insurance for teens.
Besides these, there are many other ways to get cheap car insurance for young drivers.
If you are planning to get your teen his auto insurance policy, here are some considerations to keep in mind:
1. Ensure the right amount of liability:
Choose a liability limit that will safeguard your assets, in case you’re liable for your teen’s actions behind the wheel. In the case of minors, many states held parents legally responsible for their children’s actions. This means you are on the verge of being sued for your teen’s actions behind the wheel, even when the teen driver has a separate policy. In such cases, parents end up paying a huge bill.
2. Select affordable deductibles:
If your teen is financially responsible for the policy, make sure he/she can pay the deductible amount out of pocket in case of a claim.
3. Whether or not physical damage coverage is necessary:
If your kid is using an older car or the vehicle on your teen’s policy is already paid off, then damage coverage may not be imperative. It may not be worth paying for an older car.
Keeping all these pointers in mind while purchasing auto insurance for your teen will allow you to save a few hundred dollars on your teens’ auto insurance. This way, you would be able to get cheap car insurance for new drivers.
How Much Does It Cost To Add a Teenager To a Parent’s Policy?
Your teen must have got his permit and driver’s license, and now you might be planning to add your teen to your policy. And you must be keen to know: How much does it cost to add a teenager to your car insurance?
Well, the answer to it is – A lot. Yes, you read it right; it costs a lot to add a teen driver to an existing car insurance policy. However, the exact cost depends on car make and model, coverage levels, location, and many more.
According to our study, the average cost of adding a teenage boy to an existing insurance policy is $193 per month. And the average cost of adding a teenage girl to the parent’s policy is $180 per month. These numbers may vary for you based on your location and the make and model of the car. On average, adding a teenage driver to your policy can add up to $200 or more onto your premium.
Teen drivers are immature and inexperienced, which is a dreadful combination of premiums. Most insurance companies gauge premiums based risk, and teenage drivers top the risk list.
According to the California Department of Motor Vehicles, male and female teen drivers ages 16 to 19 have the highest average annual crash and traffic violation rates. However, young people between 15 to 24 years represent only 14% of the U.S. population, this group in particular accounts for 30% of total costs of motor vehicle injuries among males and 28% among females.
Moreover, adding a teen driver to an existing policy increases car insurance rates by 161%. However, it varies from one state to another and by how much an insurer weighs age and experience into its rating calculations.
Insuring teenage boys is more expensive than insuring teenage girls. Teenagers, in general, are a high-risk group, but teenage boys are significantly higher risks than teenage girls, and they make up a large percentage of deaths. That is the reason teenage boys are more expensive to insure than teenage girls. So, if you have a son and live in a state where this law is followed, then be ready to pay higher rates for your teenage son.
Solutions:
Many solutions make it easier for you and your wallet. Here are some of the ways to have cheap car insurance for teens:
Opt for an older model vehicle that is fully paid off so that you need to carry only liability coverage. Doing this will help you save you up to $200 a year, which is a wise saving.
Never get your teen a cool and high-performance vehicle such as a Camaro, or Mustang, etc. Buying a high-performance vehicle for your teen will add your cost by $700 a year, depending on whether your teenage driver is a boy or a girl.
You can consider buying an older model pickup truck for your teen. Trucks are relatively cheaper than cars on insurance and allow you to save some money. Even your insurance carrier would be able to give you the best car insurance for teens in this case.
Adding your teen driver to an existing policy on which you only carry full coverage will be a pricey affair; instead, you can change it to a higher deductible on comprehensive and collision. You can also choose to lower your liability limits to the lowest according to your state’s requirements. Opting for these options can save you at least $250 or more a year.
Then, there are many auto insurance companies providing the best auto insurance for teens. These companies offer several different types of discounts on auto insurance policies, even for a teenage driver. Like, if your teen has enrolled for a Driver’s Education or other safety driver’s course, he will be entitled to get a safety driver course discount, then there are multi-car discounts for teens. Some insurance companies even offer a discount for pledging to use the seat belt at all times or for not letting any other teen ride with them etc.
Undoubtedly, adding a teenage driver to your existing policy will be more expensive. But you can always keep it a little lower by just following the tips mentioned above. You can also consult with your insurance company and get cheap car insurance for young drivers.
What Is Cheapest Car Insurance For Families With Teen Drivers?
Are you looking for the cheapest car insurance for families with teen drivers? Well, it can be expensive if you do not go to the right agent or company. Going to the right insurance company can help you have cheap car insurance for teens. Here we have listed the best insurance companies with the cheapest car insurance for families with teen drivers.
Here we go.
1. USAA
When it comes to choosing the best insurance company to get cheap auto insurance for teens, USAA tops the list. Yes, USAA is the best and the most affordable insurance company for families with teen drivers. The company offers nearly 37% cheaper car insurance compared to other car insurance companies in the market. On average, you will have to pay only $1,239.93 a year for your entire family and teen drivers. In addition to this, USAA provides you with tailored discounts for your teen driver, like driver training discounts, good grade discounts, family discounts (up to 10% off for loyalty to USAA), multi-vehicle discount, accident forgiveness, etc. The company offers policies only for military members, veterans, and their families.
2. GEICO
At number two comes GEICO. It is one of the largest car insurance companies in the country. The company is known for providing the best car insurance for teens. With GEICO, you will pay on an average $1.675.21 per year for a one-car family with teen drivers. The company offers the most affordable and one of the best auto insurances for teens. GEICO was started to provide insurance to government and military personnel; however, it offers additional saving options for families with teen drivers. There are many discounts that you can avail with GEICO, such as Good Grader Discount, Drivers Ed Discount, Defensive Driving Discount, Military Discount, Clean Driving Record Discount, Emergency Military Deployment Discount, Multi-Car Discount, and Federal Employee Discount.
3. TRAVELERS
Travelers are just a tad bit more expensive than GEICO. Like other car insurance provides, Travelers offers the most affordable car insurance for families with teen drivers. However, cheap car insurance for young drivers at Travelers majorly depends on factors like where you live, your driving record, and your teen’s age. Travelers are one of the oldest car insurance companies, making it one of the industry’s trusted brands. It has been in the market for the last 150 years. Like the top two brands, Travelers also offers several discounts, like, Safe Driving Discounts, New Car Discount, Multi-Car Discount, Driver Training Discount, Homeownership Discount, Good Grader Discount, Student Away At School Discount, and many more.
4. STATE FARM
State Farm is the fourth most affordable and the largest auto insurance coverage provider for families with teen drivers. The average rate that State Farm provides you for car insurance for your one-car family with teen drivers is $1,710.99. The price may seem a tad bit higher than other insurance companies, but State Farm offers numerous discounts. At State Farm, you can quickly get cheap car insurance for new drivers. The different kind of discounts that State Farm offer include, Good Grader Discount (25% off their policy), Steer Clear® (up to 15% off for completing this safe driver training), Multi-Car Discount (up to 20% off for insuring multiple cars), Away At School Student Discount, Driver Training Discount, Accident-Free Discount, Defensive Driving, and Drive Safe & SaveTM (a telematics device that reports on teen’s driving. You get a 5% discount just for opting in and up to 50% off on policy if your teen proves to be a safe driver).
5. ERIE INSURANCE
At number five comes Erie Insurance. It is one of the most affordable insurance providers in Indiana, Illinois, New York, Maryland, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin. If you live in any of these states, you can consider Erie Insurance for the best auto insurance for teens. On average, car insurance for families with teen drivers at Erie costs you $2,355 a year. In addition to this, Erie Insurance also offers discounts under various programs, like taking a driving class, participating in its competitive program, etc. Erie Insurance is one of the best companies and is known for its competitive prices and excellent claims service.
So these are the insurance providers you can consider for your family with teen driver insurance. Before choosing the best car insurance for teens, make sure you call around to at least three different companies so that you can compare the rates and coverage and buy the one that suits your needs perfectly. Checking with two-three carriers will help you make informed decisions and cheap car insurance for teens.
Do I Have To Add My Teenager To My Car Insurance?
Every parent starts to worry about soaring car insurance rates the moment their kids become eligible for driving. One of the most common questions that most parents often ask is – do I have to add my teenager to my car insurance? Well, the answer to this varies from state to state. Yes, the laws in the state you live in and your insurance company’s internal guidelines will determine it.
Usually, when you share your car with your teen, then you have to add your teenager to your car insurance for sure. It will help you get cheap car insurance for teens. Besides, it is mandatory in some states to add your teen to your policy. So, you will have to check with the local car insurance agents for the same. However, some states follow no standard rules for adding your teen to your policy.
Here’s How You Can Get Your Teen Added To Your Car Insurance:
Many car insurance companies allow parents to add a teen with a learner’s permit on their policy without any charge until the teen becomes a fully licensed driver or turns 18 (whichever is first). Also, at the permit stage, the teen driver must have a licensed driver over the age of 21 in the passenger seat to supervise, thereby making the teen much less of a risk. Remember, less risky drivers are highly likely to get cheap auto insurance for teens.
However, these guidelines are not followed by all insurance companies. Some insurance companies straightaway start charging premiums for teens the moment he/she receives his/her permit and are added to their parent’s policy. Therefore, to get the best car insurance for teens, always contact your car insurance provider or company before your child gets his or her permit. And find out when you can add your teen to your policy.
Another way you can get your teen added to your policy and get the best auto insurance for teens is to make your child wait to get a license. It will surely help you save money. In this case, your insurance company will ask you about your teen and if he/she is licensed. Insurance companies receive reports that will have a list of residents at your address, and they will know you have a teenager. Even when your child doesn’t have a permit or license, your insurance company may list him/her on the policy, but as unlicensed and unrated. However, that won’t affect your premiums at all.
But it is always good to add your teen to your policy. As in case of any emergencies like accidents, etc., your car insurance company may deny coverage stating that you committed fraud, specifically material misrepresentation, by merely hiding information about the licensed driver. Even if your insurance company gets ready to cover the accident, you will have to pay all premiums you should have paid since your teen was licensed. This will cost you much, as you will have to pay a huge amount all at once.
So, to get cheap car insurance for new drivers, it is good to go by law and get all the benefits. Not going by law can lead to more loss, which is not wise. You may end up paying more in case of material representation.
How much does it cost to add a teen driver to car parent’s insurance?
It is a big question of all time. And the answer to this question is: It will cost you a lot to add a teenager to your car insurance.
The reason for this is simple – teen drivers are inexperienced and immature, which poses a huge risk to insurance companies. More often than not, insurance companies gauge premiums based risk. And teen drivers always top the risk list. Also, the citation rate for teens is way too higher compared to older and experienced drivers.
If you add your teen to your policy, it will cost you more. However, the premium depends on several different factors, such as the car model, the location where the car is being insured, coverage levels, car safety features, and many more. Adding a teenage boy to your policy will usually cost you $193 per month while adding a teen girl will cost you $180 per month, though there are several ways to get cheap car insurance for young drivers.
Whether you are planning to get the best car insurance for teens or add your teen to your insurance, a lot of insurance companies can help you get cheap car insurance for teens that won’t hurt your pocket.
When Does My Teen Need To Get Car Insurance?
Getting a car for your teen may seem exciting at first, but there are several things that you have to take care of. For your teen, sitting behind the wheels will be thrilling. But with a car comes huge responsibilities as well. Before handing your teen the car keys, you have to see many things that add to your cost.
If you have a teen who is now ready to have his car or share yours, then the first thing you need to know is – when to insure your teenage driver? While laws for insuring teens vary from one state to another. Once your teen is officially licensed, you might need to either add your teen to your existing policy or buy separate car insurance for your teen.
Since teen licensing and insurance laws have changed significantly, it’s wise to check with your insurance company regarding the state laws for getting cheap car insurance for teens. Insurance for teens is expensive and very confusing. However, by doing enough research and consulting with your insurance provider, you can overcome the confusion and possibly get the best car insurance for teens. So, gather all the required information regarding teen’s insurance, as it is essential to insure your teen properly.
Don’t try to go against the system by avoiding to insure your teenage driver. If you do so, and your child meets with an accident, you won’t be able to claim any coverage.
How To Insure Your Teen Driver
Follow these steps to insure your teen driver:
Once your teen is ready to hit the road, consult your insurance agent about when you must add your child, whether at the permit stage or when a license is obtained.
Get a quote from your current insurance company for adding your child to your existing policy with higher liabilities (100/300/100 is recommended).
Do a tad bit of research and get quotes from other car insurance carriers as well. Just compare the prices and the discounts that the other companies are offering. Remember, your teens are also eligible for various discounts. It depends on the insurance provider you choose to get your teen insured. You can always get cheap car insurance for new drivers if you put little effort and time.
You can choose to either add your teen to your existing policy or buy a separate policy for him/her. In any case, make sure you get your teen insured at the appropriate time with better rates. Don’t miss to ask the insurance providers about the different discounts for both.
To keep your child safe and insurance rates low, get your teen enrolled in a safety-driver course, monitor your teen as a driver, and educate them about good driving behavior.
Keep checking for new discounts with the top auto insurance companies. You never know when your teen will become eligible for a discount, like if your teen’s grades raised or he/she has taken a safety-driving course, etc.
Must Have Insurance Coverage For Your Teen.
Besides having state-minimum auto insurance coverage, there are other coverages that your teen necessarily should have:
Liability Coverage. Your teen should have liability coverage. Liability coverage is the coverage that pays for damages your teenage driver may cause to others, either by injuring others or damaging their property. Physical injuries can cost you hundreds or thousands of dollars in medical treatments. It can’t be managed with your basic state-minimum coverage. And if your teen ends up smashing someone’s new or ultra-expensive vehicle, low limits of property damage liability coverage would immediately be surpassed. Or if your child takes out a fire hydrant, in that case, you would be billed for the cost of the repairs along with the water that was lost – which is going to be an expensive affair altogether.
Comprehensive and Collision Coverage. If the car that your teen drives is financed, then your teen should have Comprehensive and Collision Coverage. However, it will depend on the type of car your teen is driving. For instance, if your teen is driving a brand new car, comprehensive and collision coverage is required. If he/she is driving an older car or the vehicle on your teen’s policy is already paid off, then damage coverage may not be imperative. It may not be worth paying for an older car.
