teen drivers insurance costs News

How Much Teen Drivers Add to Parents’ Auto Insurance Bill by State

Teenagers are risky drivers who are very expensive to insure but rates for insuring teens have come down, according to a report from online auto insurance site insuranceQuotes. The study found that U.S. families who add a young driver to …

The High Cost of Insuring a Teen Driver

Parents pay an average of 80 percent more for car insurance after adding a teen driver to their policy. The highest jump in premiums—96 percent—comes from placing a 16-year-old driver on a policy while the average impact decreases to 60 …