Average Cost Of Teen Car Insurance

The exact price you must pay for auto insurance depends on various factors.

Average cost of teen car insurance. This average includes all liability coverage levels. We found an average car insurance rate of 1 436 per year for a couple in georgia with no children on the policy. Being that this is a national average teen drivers can expect to pay anywhere from 1 200 to 4 850 for car insurance on an annual basis. In our studies adding a teen raises your car insurance costs anywhere from 100 to more than 200.

On average a 16 year old pays around 2 661 for an. However the rates that insurance companies charge you for adding a teen varies as shown in the california adding a teen to your policy table below. It costs a lot to add a teen driver to an existing car insurance policy. The average car insurance price for teenage males.

For example we found that a married couple who adds their newly licensed 16 year old driver to their farmers car insurance policy will see their rates go up 149. This bears out when you look at average car insurance rates by age. Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high. There are ways to reduce auto insurance rates for a teen driver but buying a car for the teen and putting him on his own policy isn t one of them the average annual rate quoted for a teen driver is 2 267.

Adding a teen driver will likely cause a dramatic increase in your car insurance rates and not every insurance company will increase the cost the same way. According to our study it costs 193 per month to add a teenage boy and 180 per month to add a teenage girl to a parent s policy. For couples with an 18 year old. Cheapest insurance for teen drivers in georgia.

Driving history age gender and location are among the most important determinants of insurance premiums. The exact cost depends on several factors like car make and model coverage levels location and more. A teenage male is the single most expensive demographic group to insure as such. Lowering car insurance premiums for teenage drivers.

Average cost of car insurance for teens and young drivers age and gender are major factors insurers use to determine teen auto insurance rates.