Teen Car Insurance: Women

Adding a young daughter to your policy can still increase your premium by an average of $ 435.

Teen Car Insurance: Men

Male teen drivers tend to pay more in premiums than women because of the comparative risk that present. On average, adding your child to your policy will raise your car insurance rates to $ 987. Historically, boys are more likely to have an accident and file a claim than young ladies. Because of this, an insurer will charge higher insurance premiums to protect against future losses. On average, a Boy pays $ 37 more per month than a Girl. For a standard six-month policy, this represents more than $ 200 of premium difference between the two.

Finding Cheap Teen Car Insurance

Unfortunately, there isn't much you can do to avoid paying significantly higher coverage for teen drivers. As you get older and gain more driving experience, your risk will decrease. However, there are a few steps you can consider to lessen the financial impact. Let us begin.

Compare Prices

We encourage drivers of all ages to purchase auto insurance every six months. There is a wide variation in prices among car insurance companies. Only by comparing and obtaining rates from companies can you guarantee that you will get the best rate.

Keep Your Teen on Your Insurance Policy

Although there are some reasons to exclude your teen drivers from your policy, the most cost-effective solution is to keep them on your policy. Experienced drivers will help reduce the risk presented by a young driver, and thus lower your insurance bill.

Choose a moderate vehicle

Insurance companies use as a rating factor to determine premiums which is the type of vehicle. If you are interested in keeping your premium low, it makes financial sense to choose a cheaper vehicle for less experienced drivers. Save the new trucks or luxury vehicles for more experienced drivers.

Don't pay for the coverage you don't need

If your new driver will be using an older vehicle, make sure you don't pay for the coverage you don't need. Comprehensive and collision coverage is actually only designed for vehicles leased, financed, or valued at more than $ 4,000. The logic behind this is simple; If your vehicle isn't worth much to start with, paying for the coverage you don't need is a waste of money. You can determine the value of your vehicle using online resources like Kelley Blue Book and NOTHING online.

Consider additional coverage

If you are not fully convinced management skills your teen,might consider what is called accident forgiveness in your policy. While it varies by insurer and your state, this would "forgive" the first accident on your insurance policy, meaning that your rate would not increase just because you were in a car accident. There are some age and location restrictions for this policy.