Will Adding a Teenager To Your Insurance Plan Cause Your Rates to Skyrocket?

You always knew when it came time to add your teenager to your auto insurance that it would increase your premiums. Chances are you had no idea just how much. While the actual increase varies by state, according to a new report on, the average increase to a married couple adding a teenager to their auto insurance is eighty four percent!

The report states that the average increase for adding a sixteen year old is ninety nine percent. It does go down as the driver gets older and has more experience (the nineteen year old average is sixty five percent), but you are still looking at doubling the bite on your wallet initially. Mom and dad, your daughter may cost you a lot of money elsewhere, but when it comes to auto insurance premiums, Sally won’t cost you as much as Jimmy. Her average increase is sixteen percent less than his (Male – 92%, Female – 76%).

These dramatic costs are not without good reason. According to data collected by the Centers for Disease Control and Prevention (CDC), teenagers are four times likely to have auto accidents than older drivers. It is also the leading cause of death in teens, accounting for one third of all deaths in driving teens.

As with any study of averages, there are numbers on both ends of the spectrum. The cheapest of all states is Hawaii, where the increase in premiums is just eighteen percent. This is due to the fact that it is the only state where insurance providers are not allowed to adjust premiums based on gender, age or experience. The Tar Heel State of North Carolina is the second lowest with an increase of fifty nine percent. The next three lowest states in the country are New York (sixty two percent), Massachusetts (sixty six percent) and Montana (sixty six percent).

It is good to remember that these are just averages. You can shop around to find better rates. There are several ways to bring those premiums down that you should think about.

Why you should call our agency?

We our an independent agency who have become experts over the years at finding the most competitive rates in town for families with teen drivers. We have over 15+ carriers and have been very successful at keeping the cost of insurance down for those families with teen drivers.

Call our experts today at 513-624-0900!

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