I have a daughter getting ready to get her licenses and got sticker shock when quoted her insurance rates. It doesn't seem to vary much with the model of the car. They are all high. Out of curiosity, what have others done and how much are you paying if you don't mind me asking?
I've been with USAA for 30 years. They discount for good grades, driver's ed courses, etc. I'd ask every company I "interview" how to get the lowest rates. I would not sacrifice benefits for price, as the pool of teenage drivers is exposed to higher risk than other groups. Given that there are higher risks, I'd keep a comfortable level of coverage. And, if you never have to file a claim, it'll be the best money you ever spent.
I agree. I expected it to be high, but $1000 to $1100 increase per 6 months to add her to our policy was more than I expected. And that is including all the discounts for drivers ed and good grades.
We put my son on as an "occasional driver" and it cost us 480.00 every six months. That was thru State Farm
I was worried about the car. I now realize the car is the easy part. The insurance will be the problem.
Michelle, you don't need to get the part time job,,, the teenager needs to get the part time job so they know how expensive it is to drive, and to learn responsibility and to know the vehicle is NOT a toy. I paid the same, about 1000 every 6 months but it came down to normal once they turned like 20! And they bought their own car also.
Does your son have his own car? If so, I'm surprised they'd go for an 'occassional driver' classification.
When we put our son on our, it went way up also, but he did have a part time job and was told he had to help pay for his portion of his insurance. He had to pay out of each of his checks. When he gets his own car again, and with him in the military, he will get his own insurance. The price will not change when we put our daughter on there either, once he gets his own. We are thru State Farm also. It is definitly not cheap!!
Most every ins co will tell you the same, your ins will pretty much double, then after 3 yrs of driving, they're considered 'experienced' and it will come back down. If you purchase a car that you can pay for and not have to finance and only carry liability, it will help reduce the cost. Our ins is with Farm Bureau (we've been with them for yrs). We checked with others when our son got his license, and they were still cheaper than anyone else. And remember you have to get a statement showing 'proof of ins' from your ins co to show DMV when you go to get his license or they won't issue him one.
I would also recommend state farm. And I believe that if the vehicle they drive is older than 10 years that will greatly reduce it aswell.
i out my daughter on her own personal insurance i couldnt afford my collision and all to double when she wasnt driving them but her own car. I also found Progressive to be the cheapest
Thanks for this Thread. My daughter should get her license in less than a month and I did not know that we had to take proof of insurance. State Farm has all of our insurance so I hope that the price is affordable. My daughter has been passing out job applications for the last two weeks as she knows that she must pay for gasoline, maintenance, etc. If anyone knows of a job for a teen girl, locally, please let me know. Mileage is important to both of us as it will not be cost effective to drive to far. Sherry
My neice is in this same boat, it will be with State Farm a extra 300 a month for my brother to add her on, he can't afford that right now..the car he has for her is older as well. She is upset cause she is ready for her license and with out insurance she can't get it. She will be getting a job to help pay for the extra's to have the car. But, right now all of us in the family are to busy to drive her to and from work. It hurts all around with the gas prices so high. I'm not sure what he is going to do, she has been driving a lot to get ready for this and now she finally turned 17 and she still can't drive on her own. Sheri
I agree. And the "proof of ins" that you are speaking of is called a DL-123 Form. Contact your agent and the form is good for 30 days from issue. If there are more drivers than vehicles in the household, you can get an Ocassional Rating for your child. Just ask for it, so they wont assign it how they please. As for their first car, I highly recommend one that is cheaper so you dont have to purchase Collision on the vehicle. That is the major expense of the policy for sure.
hey- Did that yesterday! Allstate 1254 per six months- on her own. No way am I going to assume liability for teenage driving. I have seen too many accidents and don't see that it was all that much a savings to add her to my policy. Once they have an license- tell them to get a car - or give 'em one - whatever - and have them insure it under their own name. This releases you from any liability. otherwise if she/he hits something or someone and makes a big mess; they do not come after you for the damages. Plus if they get a ticket - it will go up even higher and so will yours, even after you drop him/her. The rates for first time drivers in NC are pretty much standardized. It is all based upon length of drive time. In my Opinion from experience: State Farm bases everything on your credit report. USAA is slow as can be with claims. Good luck and try not to pull out all your hair. If you do, maybe we can all chip in for a wig..lol
Unfortunately, the fact that you give a child a vehicle and have them insure it in their own name, in no way releases liability from the parent. If the child is still supported by the parent, they are still responsible for all liability claims, regardless of how the vehicle is titled.
When we asked our agent if it would be cheaper to put our son on his own policy - they said it would be cheaper not to because it would fall under 'our' group rate (cars and homeowners) - so we just added him to ours. :neutral: But what you said about the liability issue if something did happen - brings up a good point. :?
