Round about cost to add teenage driver

We have a 2016 Honda accord full coverage and a 2005 jeep liberty liability and a 2001 dodge ram truck liability and we pay 233.00 a month That is two adults and my 19 year old son...I had to switch from AAA to Geico....AAA wanted 313 a month..
 
I didn't have a choice but to put them on a car. We have had a spare car since BEFORE our oldest was born, the insurance just assumes that car is what the child is driving.

We were in the same boat as you, having had a third car long before any children, and from then on always had at least as many cars as there were drivers in the household. But I was happy the insurance company assigned the youngest driver to the least expensive car all along the way!
 
It was around $800/yr each to add my girls. My son I've heard will be around 2k more a year. He's 16 1/2 but I've not let him get his license yet because there is no need too. When he gets a job this summer and can chip in some then he can drive. Until then I have a perfectly fine bus that goes right by my house every morning and afternoon that he can ride:rolleyes:.
 
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We are in NH and when we put our daughter on our insurance (she was 15 1/2 - kids in NH can drive then with no permit just birth certificate) it increased about $1,800 a year. That was with Driver's Ed discount and Good Student discount and her being "assigned" to the oldest car in the household (2011 F-150).
 
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Our son was added at 17 1/2 and it went up about $120/month on a 2010 Toyota Tacoma.
That is with Allstate. The agent said he will drop at 18, 21, 24 with clean records.

I was expecting a bit worse.
 
It was about $135 to add our son, he was 18 when we added him. He pays his own insurance though. My older son pays his own insurance on his own car while he is at college. He is 20 and just got his insurance lowered. He pays about $125 for full coverage.
 
To help me budget I pay insurance monthly. I pay $1 a month to do it that way. With 3 cars and a house it's a lot. We also had a rental property we had to insure. I don't use escrow. Instead of big bills on random months I find it easier to just pay it monthly. Only thing is, the amount changes a little bit every so often.

this is something that needs to checked on an insurance company by insurance company basis-the company we have charges a minimum of $5 per month for monthly payments (our previous charged $15:scared:) which doesn't add up to allot BUT by virtue of paying in full every 6 months we also get another discount on our policies which does add up over time.

it can take some doing, but we pay monthly-just to ourselves. we took a hit to our savings one year and opted to pay all our policies in full all at once (homeowners, cars, atv). starting that month I began paying 1/12th of our yearly premiums to a savings account at our credit union (each January 1st I up the amount a bit even though I won't know the new premiums until June). it's not like we make anything off interest, but between the $5 a month and what I think is about a 5% discount the paying in full provides-it adds up to a bit of a savings each year.
 


We were in the same boat as you, having had a third car long before any children, and from then on always had at least as many cars as there were drivers in the household. But I was happy the insurance company assigned the youngest driver to the least expensive car all along the way!
Funny thing is, my most valuable car, is the least expensive to insure, and we can all drive it. 1965 Mustang, but it is only insured for 500 miles a year, and all the coverage has zero deductible.
 
this is something that needs to checked on an insurance company by insurance company basis-the company we have charges a minimum of $5 per month for monthly payments (our previous charged $15:scared:) which doesn't add up to allot BUT by virtue of paying in full every 6 months we also get another discount on our policies which does add up over time.

it can take some doing, but we pay monthly-just to ourselves. we took a hit to our savings one year and opted to pay all our policies in full all at once (homeowners, cars, atv). starting that month I began paying 1/12th of our yearly premiums to a savings account at our credit union (each January 1st I up the amount a bit even though I won't know the new premiums until June). it's not like we make anything off interest, but between the $5 a month and what I think is about a 5% discount the paying in full provides-it adds up to a bit of a savings each year.
Yeah I would do it your way if there was a benefit. Dons private school tuition gave a small discount for paying at the beginning of the year so I had the money taken out of my check each month. Did the same for property taxes.
 
Based on what I've read, it varies greatly based on the state you are in and the carrier you are looking at, as well as the normal stuff like the level of coverage you carry and the car you drive.

I'm about to add my DD16 to my policy for a 2014 Hyundai Sonata that has me as the primary driver in CA with a full suite of coverage: liability/collision/comprehensive/etc. Coverage levels are on the better side, but not outrageous. She's a good student, had driver training, etc. I did LOTS of shopping around. Increases were anywhere from $1500 a year (which is basically double my current premium) to $8000 a year based on the insurance company vs. just insuring me on the car. In my case, Geico and Mercury were the $1500 choices; eSurance was the the worst offender with the $8000 cost. I ran the esSurance quote many times thinking I had messed something up, but I didn't - they clearly just don't want to insure her. Adding her to my current coverage with Allstate was in between the two extremes, still not a pretty number - I will be changing companies. Even when I figure in the loss of multiple policy coverage (Allstate also has my homeowners), it's cheaper to go with Geico or Mercury.
 
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I'm in NJ. My son doesn't have his permit yet but will be getting it in a few months. He will be doing driving school. The quote I got is $1400 a year without a car. With a car I think around 3K a year. I don’t even pay $1400 a year for myself with full coverage. Lol
 
We just added DD-16 to our policy. Right now we are a two car, three driver family and the insurance went up $950 annually without her own car and will be around $1200/year when the third car comes out of winter storage. However, we were with Safeco, and are switching to Progressive because the increase is only around $400/year without her own car and $600/year with a car. She is also paying $40/month toward the increase in premium. This is Michigan and we are talking about a 2002 Taurus and a 2015 Accord.
 
Funny thing is, my most valuable car, is the least expensive to insure, and we can all drive it. 1965 Mustang, but it is only insured for 500 miles a year, and all the coverage has zero deductible.

I realize I did not phrase it correctly, and should have said the insurance company assigned the younger drivers to the vehicles which would minimize the impact on premiums. Have fond memories of the early Mustangs. My next door neighbor's mother used to pick us up at night from the town pool in her red convertible on those warm summer nights from so long ago now.
 
So many variables on this. Check the good student discount. Our three kids usually always qualified, but occasionally one did not get on the honor roll. After several months we found out he would have qualified because he was always in the top 20% of his class - we missed out on that savings. Agent never told us, a relative did.
 
So many variables on this. Check the good student discount. Our three kids usually always qualified, but occasionally one did not get on the honor roll. After several months we found out he would have qualified because he was always in the top 20% of his class - we missed out on that savings. Agent never told us, a relative did.
I just sent in my son's report card to requalify him for the good student discount. The letter they sent me said top 20%, or honor roll, or standardized test scores could be used.
 
There seems to be no hard n fast rule. Carriers do underwriting differently. Good grades, a discount, added person but not to a specific vehicle ( tho some add them to all available cars), drivers ed completed?
(And it's seriously Not wise to Not add a new teen driver...not worth the risk that it causes coverage issue questions ..as a requirement you signed, but forgot about)
Older cars are often Not cheaper insuring than newer ones ( newer ones are safer)
Regardless, I hope ur increase is manageable for you/r family!! I'm thinking like an xtra $400-500 a year but so many variables.

Added:I know likely not feasible in your case OP, based on what you said... but I strongly recommend that people have an Umbrella policy in place, especially with young drivers. The policy of course is over/above the underlying auto/homeowners/rental etc... and is relatively inexpensive compared to potential risk. ( though underlying policies cannot be minimal policies)
 
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I'll throw out my cautionary tale. My son's dad (we were no longer married at this point) gave my son a car at 16 and covered him on his insurance. One Friday night when my son was 17 he asked to drive my zippy little new car (VW beetle) to get some fast food. A 10-mile round trip at the very most. Without thinking I said yes. Wouldn't you know, he made a rookie mistake of trying to move into the next lane without looking out the window to his left and sideswiped a car. No one was injured but I got hit with a $50 upcharge a month indefinitely by State Farm (until I switched companies). I had used State Farm since I was 16 back in the late 70s and their attitude really irritated me. I just never even thought about the consequences. :confused3
 
4 people, 4 cars, we dropped full coverage on the 2 cheapest, and have the 2 kids (19,17) on those cars. That got us to $300 per month. With full coverage on 3, it was going to be over $500! When it was just DH and I with full coverage on 2 cars, we were paying $115/month.
 
This is true they are covered on all cars. But when I get the statements, it clearly says on the oldest car that my son is the orinciple driver. So the rate is based on that. It may vary pnafecto onafecand by company but that's how mine does it. I wouldn't want him to not be insured if he had to take my car somewhere one day

My daughter is principle driver on her car. But the rates for all four of our cars went up when we added her.
 
My daughter is principle driver on her car. But the rates for all four of our cars went up when we added her.
Lordy I can't read some of what I typed! Ha ha!
Ours may have increased as well but I can't remember.
 

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