The average monetary value of car policy for a adolescent is $ 215 per month, for an individual policy. Younger teens typically pay the most for car policy coverage, with 16-year-olds paying an modal of 85 % more than 19-year-olds .
Average Cost of Car Insurance for Teenagers by Age
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Teenagers are more expensive to insure than older, more mature drivers because they ’ re more probably to be involved in an accident, which makes them bad. In fact, adolescent drivers are about three times ampere probably to be involved in a fateful car accident as drivers over the age of 20, according to the CDC. adolescent boys are flush more expensive to insure than adolescent girls, paying an average of 10 % more for coverage .
How to Lower the Cost of Teenage Car Insurance
evening though cable car indemnity is typically expensive for teenagers, there are hush ways to lower the cost of covering a young driver. One of the best ways to reduce the cost of adolescent car insurance is to add them to an existing policy rather than have them purchase their own policy. Adding a adolescent to a policy raises rates by an average of $ 1,461 per year, but it ’ s placid cheaper than the price of a offprint policy. besides, attend for discounts that are specifically for young drivers, like good-student and student-away-at-school discounts .
If your adolescent does need to purchase their own policy, they should compare quotes from at least three different insurers in order to find the best share. The cheapest car indemnity companies for teens are Travelers, USAA, and Progressive, according to WalletHub ’ south analysis .
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