If you have a adolescent who is learning to drive, start preparing your budget for a car policy rate increase : Adding a adolescent driver to a parent ’ s policy typically increases the poster by 44 percentage – and that ’ s for a one-car family, according to data from Insurance.com. If you ’ re a two car-two family, adding a adolescent driver will increase your car indemnity quotes by an average of 58 percentage, and a three-car class would be looking at an average increase of 62 percentage. adolescent drivers are among the “ riskiest ” group to guarantee. According to the Centers for Disease Control and Prevention, drivers ages 15 to 19 are four times more likely to crash than older drivers, making cable car crashes the No. 1 campaign of death for teens. even teens with clean accident records will face high cable car policy rates for several years ascribable to their lack of driving know. At age 25, rates typically begin to decline, and middle-aged drivers enjoy the best rates. It international relations and security network ’ thymine until about senesce 65 that rates begin to creep back up again ( see chart below ).

Average Auto Insurance Rates By Age of Driver

Age group Average rate
16-19 $2,999
20-24 $2,040
25-29 $1,707
30-34 $1,591
35-39 $1,610
40-44 $1,603
45-49 $1,478
50-54 $1,284
55-59 $1,214
60-64 $1,169
65-69 $1,244
70-74 $1,187
75 and up $1,203

source : Insurance.com. Rates shown above are for a one-man policy. average rates are shown for a policy with coverage of $ 100,000 bodily injury per person per accident, $ 300,000 bodily wound for accident, $ 100,000 property damage per accident. collision and comprehensive coverage was not included .

Lowering Car Insurance Premiums for Teenage Drivers

There are ways to reduce car policy rates for a adolescent driver, but buying a car for the adolescent and putting him on his own policy international relations and security network ’ t one of them. The average annual rate quoted for a adolescent driver is $ 2,267. ( This average includes all liability coverage levels. ) compare that to an average cost increase of $ 621 for adding a adolescent to the parents ’ policy — that means you ’ ll pay 365 percentage more by putting the adolescent on his or her own policy.

rather, compare car policy quotes from multiple companies.

If your adolescent has a good grade point average in school, ask if your car indemnity caller offers a good scholar dismiss. If you ’ re adding a fomite to your family for the adolescent to drive, look for a cable car with base hit features that can lead to low car insurance quotes, such as anti-lock brakes and anti-theft devices. Your policy party may besides offer discounts if your adolescent takes certain driver-training classes or installs a monitor device in the cable car. But the best way to hold rates down is to make sure your adolescent keeps a fairly drive phonograph record. Adding a adolescent to your policy policy will no doubt increase your rates, but there are things you can do to offset the newfangled costs and lower your car expenses .

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