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Car Insurance for Teenagers Concord NH

Why does car insurance cost so much for our teenagers? Insurance companies seek to limit their exposure to high level risk with higher insurance rates for 16 to 24 year-olds than for any other age group.

Allstate - George Colt
(603) 239-3093
239 Loudon Road
Concord, NH
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Allstate Insurance - Steve Audet
(603) 225-0533
163 Manchester St
Concord, NH
 
Able Insurance Agency-LLC
(603) 225-6677
130 Broadway Street
Concord, NH
 
Yacyshyn- Richard J - State Farm Insurance Agent
(603) 224-5298
171 North Main Street Ste 1
Concord, NH
 
George J. Colt- CIC
(603) 224-7444
239 Loudon Rd
Concord, NH
 
Allstate Auto Insurance
(888) 355-7971
614 Laconia Rd
Tilton, NH
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Chan- Louis W - State Farm Insurance Agent
(603) 224-9576
105 Loudon Road Building 4
Concord, NH
 
Labrecque- Matthieu J - State Farm Insurance Agent
(603) 225-2200
85 Manchester Street Apt 3
Concord, NH
 
Banker's Life and Casualty Company
(603) 230-3200
6 Loudon Road Suite 302
Concord, NH
 
Liberty Mutual Group
(603) 528-4585
22 Bridge Street
Concord, NH
 

Car Insurance for Teenagers

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Car Insurance for Teenagers

It's a right of passage for most teenagers to get their license. We smile proudly and tell our friends that our teen got their license on the first try. Then, we get the shock of a lifetime when we find out how much it costs to insure our new young driver.

Why does it cost so much for our teenagers? Drivers under the age of 25 pose the greatest risk to insurers because of their high level of at-fault accidents. It's that simple. Insurance companies seek to limit their exposure to this high level of risk by charging higher insurance rates for 16 to 24 year-olds than for any other age group.

One trick you can use is the same one that parents have been using for decades. It is possible to add a teenage driver to a parents existing auto insurance policy as an occasional driver; once that teen has a permanent drivers license. While this can still be relatively expensive compared to the cost of insuring an adult, it usually saves some money on the cost of insurance overall.

It may even be possible to get a discount directly on your teen driver, if you've invested in your child's driver education. If your teen has taken a defensive driving course, this is likely to get you (and your teen) a break on the cost of insurance. It's well worth the time and money.

My parents took advantage of all of the above. I took a defensive driving course. I was listed as an occasional driver on their insurance. In addition, they purchased a less expensive, older model vehicle that was ultimately shared by my siblings and myself. As a result, my parents saved even a bit more money on my insurance because I was listed as an occasional driver only on the older model car. How can this save you money? Well, older vehicles generally pose less risk to an insurer because repairs tend to be less expensive. Therefore, the insurance premium cost is going to be even lower than if you had your teen listed as a driver on your family vehicle. It also ensures ...

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