How does adding a teenage driver to my car insurance policy impact the cost?
Adding a teenage driver to your car insurance policy can increase the cost (by between 60-70% on average) because young drivers are seen as higher risk due to less experience. Insurance companies may charge more to offset the increased likelihood of accidents or claims. You may be able to qualify for discounts, such as good grades or driver’s education courses, to help lower the cost. Talk to your insurance agent to understand the specific factors that impact the cost of adding a teenage driver to your policy.
