Articles Editor's Blog Reader Mail

Car Insurance for Teenagers Lawrence KS

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.

American Family Insurance
(785) 331-4477
901 Kentucky Street Suite 101
Lawrence, KS
Carlson- Robert L - State Farm Insurance Agent
(785) 843-1292
2400 Iowa Street Ste 2
Lawrence, KS
Mike Grosdidier Ins Agcy Inc
(785) 842-6407
2400 Iowa St
Lawrence, KS
Jay Crabtree Farmers Insurance & Investment
(785) 856-6790
3516 West 24th Street
Lawrence, KS
Shepley Insurance Agency
(785) 865-5200
3109 West 6th Street Suite A
Lawrence, KS
Senne- Diane C - State Farm Insurance Agent
(785) 843-5666
935 Iowa Street
Lawrence, KS
Asset Conservation Services- Inc.
(785) 843-2532
2449 Iowa St
Lawrence, KS
Allstate Insurance
(785) 832-1557
4101 West 6th Street
Lawrence, KS
Miller Insurance
(785) 843-0511
1424 West 23rd Street
Lawrence, KS
Farmers Insurance Group of Companies
(785) 843-7511
2420 Iowa Street Suite E
Lawrence, KS

Car Insurance for Teenagers

Provided By: 

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 ...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap