We used a full coverage policy for a 2015 Toyota Camry LE, with policy coverage limits as follows: Average rates are based on non-binding estimates provided by Quadrant Information Services. Try doubling, trebling or even quadrupling that figure and it will give you an idea of how much it can cost to insure teenagers for a car. Lowering Car Insurance Premiums for Teenage Drivers. Every insurer prices its coverage differently, and what might be cheaper for your neighbor might not be cheaper for you. Teenagers get in more fatal car accidents than any other age group. Your rates may vary. In Illinois, the price differential between liability-only coverage and comprehensive coverage with a $500 … Our sample parent was a 50-year-old with a clean driving record and good credit. The younger the driver, the more expensive the car insurance. Electronic stability control, or ESC, helps drivers control the car on curves and poor terrain. There are no flashy sports cars with high horsepower on this list. Inexperience leads to mistakes, and mistakes lead to accidents. The average teen pays $1,133 for car insurance on their parent's policy every six months. Car insurance is generally far more expensive for younger drivers , and teenagers take the brunt of this – in the last year, drivers aged 17-19 paid on average £1,707 for cover, almost £600 more than 20 to 24-year-olds and over £1,000 more than drivers between 30 and 39. The quotes we collected were from every ZIP code in Illinois and Oregon. How Expensive Is Car Insurance for Teenage Drivers? Driving a safe car as a teen is vital for two reasons: It costs less to insure a safer vehicle. Even if your state has no age restrictions on titling a car, … If you can afford it, though, it's a great added layer of protection. After collecting quotes from top insurers across the country, we found the average auto insurance rate to be $2,390 per year, or $200 per month. I am trying to start an insurance policy in my own name, as I cannot be added to my parents insurance policies for external reasons. It's a contract, and teens are not old enough to sign one yet. The best cars for teens are those with safety features that have low horsepower. For one thing, it's likely to be much cheaper than getting their teen a separate policy. You may also be able to get a multi-driver discount once you add your teen to your policy. Comprehensive coverage protects your vehicle from non-collision damage like natural disasters, theft and vandalism. Carinsurance.com is a part of the Insurance.com family. Copyright © QuoteWizard | 157 Yesler Way, Ste 400 Seattle, WA 98104QuoteWizard is a LendingTree company. Get quotes from multiple companies to see which one is best for you and your family. If you have collision insurance, it will help cover your car's damages. That means adding a teen to your policy increases rates by 168%, on average. Most insurance companies offer discounts to student drivers with good grades. Some of the vehicle add-ons that can save you money: Insurance companies determine your rates in part by your car make and model. You may qualify for big discounts if your car has safety features or enhancements. Skip to content. We have an advertising relationship with some of the offers included on this page. Group 50 cars are the most expensive to insure, and include: Range Rover Sport 5L, BMW M6. It is interesting to note though that women, on average, pay less for their Alberta car insurance premiums than men do – $116/month in 2017 (it was $107/month in 2015) compared to $126/month paid by men in 2017 (it was $119/month in 2015); but this practice is common in other Canadian provinces as … QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site.