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Auto Insurance Information and News » Buying Car Insurance for Teenagers Can Be a Balancing Act

Buying Car Insurance for Teenagers Can Be a Balancing Act

Buying Car Insurance for Teenagers Can Be a Balancing Act
News from New York Times:

Adding a teenager to a family’s auto insurance policy is a sure way to raise the premiums, but it’s usually less expensive than buying a separate policy, according to new research.

Eighteen-year-old drivers add an average of 77 percent to the cost of their parents’ auto insurance bills, a new analysis from insuranceQuotes.com found.

While that’s a big increase, buying an independent policy is even costlier, the analysis found. Eighteen-year-old drivers pay an average of 18 percent more if they buy an individual policy, instead of remaining on their parents’ policies.

… Read the full article


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