Reader’s Question:

Can you give me a auto insurance estimate if I add my 16 year old kid on my car insurance.

Billy

New York NY

Since teen drivers statistically have high rates of accidents they cost more to insure than a driver who have been driving for more than 10 years already. This is because they are inexperienced and teen drivers are aggressive on the road.

I cant give you an auto insurance estimate of how much a car insurance will be if you add your teen to your policy since car insurance companies have different rating system. For instance if you reside in a congested area where your young driver is more likely to be involved in an accident the rate to insure your teenager will likely be expensive.

Generally a teen can expect to pay 2.52 times the base rate for their auto insurance. If your parent is paying $1000 a year, then adding a teen can cost up to $2520. That can be very expensive so make sure you ask for discounts to lower car insurance rate