Adding a Teen to My Insurance
I currently have the following vehicles insured:
– 2015 Subaru Legacy with collision coverage
– 2015 Honda CR-V with collision coverage
– 2015 Kia Soul with liability coverage only
I pay $300 a month for insurance in Arizona. My son is turning 16 soon. What do you estimate my insurance costs will increase with him added to my policy?
Adding a teen driver to your insurance can significantly increase your premiums, as insurance companies typically view teenagers as higher-risk drivers. The exact amount your insurance will increase can vary based on several factors, including your current insurance provider, your son’s driving record (once he has one), and any discounts you might qualify for.
On average, adding a teen driver can increase your premium anywhere from 20% to 50%. Given that you currently pay $300 a month, you might expect your premium to increase by about $60 to $150 per month, potentially pushing your new total to anywhere between $360 and $450 a month.
It’s a good idea to check with your insurance provider for a specific quote, and also consider looking for discounts for good grades or completing driver education courses, which can help mitigate the cost increase.