Category - Teen
The good news is that insurance companies generally will extend coverage to accidents caused by teen drivers who have not been added to their parents policies. The really big question is how much does it cost to add a teenager to my car insurance? The answer a lot. Thats a horrible combination for premiums since insurance companies gauge premiums based risk. Cutting costs adding a teenager to your car insurance policy can be daunting, but there are steps you can take to help save money on premiums. Graduated drivers license proven to improve teen safety and their driving skills, learn why this important tool is one you should be enforcing. In fact, insuring your teen is typically required by law (once they are licensed). Most states require drivers to have auto liability insurance before they can legally drive, according to the insurance information institute (iii). The student driver is covered by hisher parents policy as a household member. Buying a stand-alone policy for your familys newest driver can be priceywhile teenagers usually drive fewer miles than adults, they arent as experienced behind the wheel and are more likely to be in an accident. A study done for nationwide in 2010 of almost 1,500 parents of teens between the ages of 15 and 19 found auto insurance costs soared an average of 800 a year just by adding a teenager to their. Both teen drivers and their parents can find ways to to get cheaper teen car insurance. Many auto insurance companies offer good student discounts, which are discounts for teen drivers who make a certain grade point average (usually a b average).