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Finding the Cheapest Car Insurance for Teens

It’s especially important for parents of teen drivers to compare prices from different insurance companies and look for discounts. When researched the cheap car insurance quotes for middle-aged couples with one teen driver, we found quotes that ranged from about $1,000 per year to more than $20,000.<br>

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Finding the Cheapest Car Insurance for Teens

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  1. Cheap Car Insurance

  2. Finding the Cheapest Car Insurance for Teens If you’ve ever had to buy car insurance for a teen, you know that coverage can be brutally expensive. It costs more than $1,500 per year on average to add a teen driver to a family policy. Car insurance for teens is expensive because teen drivers represent a huge risk for car insurance companies. Car crashes are the leading cause of death for U.S. drivers ages 16 to 19, and drivers in that age group are nearly three times as likely as those ages 20 or older to be in a fatal crash, according to the Insurance Institute for Highway Safety’s Highway Loss Data Institute.

  3. It’s especially important for parents of teen drivers to compare prices from different insurance companies and look for discounts. When researched the cheap car insurance quotes for middle-aged couples with one teen driver, we found quotes that ranged from about $1,000 per year to more than $20,000. Cheapest insurance rates for families with a teen driver The following table shows the five companies that offer the cheapest rates for teens when added to a family policy. One combined policy saves money Teen drivers can also buy their own insurance policies, rather than being covered under their families’ plans.

  4. Tips for saving money on teen car insurance Adding a teenager to your family’s car insurance is guaranteed to increase your premium, but discounts can lessen the blow. It’s important for teens to have car insurance coverage — not only to comply with the law, but to bring some peace of mind. Parents should strongly consider buying more than the bare minimum, considering the high odds that teen drivers will be involved in a crash and the possibility that family assets will be at risk. car insurance comparison tool can help you get started with your shopping. Companies offer price breaks of up to 25% on young drivers’ policies, but amounts and availability vary by state and company. Most discounts are good for “up to 10%” or “up to 15%” off premiums.

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