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Car Insurance for Teenagers Moorhead MN

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.

Blue Cross Blue Shield of Minnesota Customer Srvce - Group Sales
(218) 233-7487
2405 8th Street South Suite 200
Moorhead, MN
 
Gail D Jordahl Ins Agcy Inc - State Farm Insurance Agent
(218) 236-8000
2912 15th Street South
Moorhead, MN
 
Fargo-Moorhead Insurance-Fmi Inc
(218) 236-8227
213 8th Street South
Moorhead, MN
 
Anderson-Lichtsinn Insurance
(218) 236-7662
920 Holiday Drive Suite 232
Moorhead, MN
 
Hanson- Theodore L
(701) 237-5877
657 4th Ave N
Fargo, ND
 
David Eggers Ins Agency Inc - State Farm Insurance Agent
(218) 233-1334
1401 8th Street South
Moorhead, MN
 
Farmers Insurance Group
(218) 227-0313
623 Center Avenue
Moorhead, MN
 
Moore- Noel Adair - State Farm Insurance Agent
(218) 236-7845
515 8th Street South
Moorhead, MN
 
Stirling- Michael R - State Farm Insurance Agent
(701) 232-5585
7 10th Street North
Fargo, ND
 
American Family Insurance
(701) 237-3202
650 1st Avenue North
Fargo, ND
 

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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