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Car Insurance for Teenagers Lincoln NE

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.

KUHL Insurance Agency Inc
(402) 475-2609
300 North 27th Street Suite B
Lincoln, NE
 
American Family Insurance Tim Stewart Agency Inc
(402) 489-6211
5615 O Street
Lincoln, NE
 
Hurlburt Daniel A III
(402) 434-0480
3325 A Street
Lincoln, NE
 
Krikac- Vincon C - State Farm Insurance Agent
(402) 474-1173
1115 K Street Ste 102
Lincoln, NE
 
Thompson- Raymond L - State Farm Insurance Agent
(402) 475-2345
3701 O Street Ste 101
Lincoln, NE
 
Allstate Insurance - Kris Rosenow
(402) 488-0955
4221 O St
Lincoln, NE
 
Higgins- Beverly J - State Farm Insurance Agent
(402) 483-2838
123 South 84th Street Ste D
Lincoln, NE
 
Dahlgren- Richard A - State Farm Insurance Agent
(402) 488-7855
221 South 66th Street
Lincoln, NE
 
Independent Insurance Representative
(402) 730-6066
303 North 52nd Street
Lincoln, NE
 
Williams- Karen L - State Farm Insurance Agent
(402) 434-6050
233 North 48th Street Ste O
Lincoln, NE
 

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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