How much did your car insurance go up by adding a teen driver?

[CanBeGrumpy]

Does anyone have an umbrella policy? I was told that went up a shockingly large amount also when adding a teen driver. We will be adding our DD soon, haven't called yet to find out new rates.

Our umbrella policy will double when our son gets his license. So will the car insurance. With the umbrella policy, we are also increasing the coverage from one million to two million, so that will most likely double it yet again. To me, the umbrella policy is worth every penny, especially with a new teen driver and also our younger son will be getting his permit soon.

 

[WVMomof3]

Again, I have not checked my rates, but a friend said her umbrella bill went from $120 to $700. That is way more than double. Just from adding teen driver. Maybe she upped her rate too. Will have to double check.

 

[Gina-Gina-Bo-Bina]

We have graduated licensing here in Ontario.

As a G1 driver (equivalent to a learner's permit), there was no increase to our premium.

As a G2 driver (now allowed to drive alone, with some restrictions on who else can be in the car after midnight and a zero tolerance for alcohol), it added approx. $1200 yearly to our premium. We have two cars and three drivers (including DS, who is listed as an "occassional" on my vehicle).

DS did take a ministry-approved Drivers Education class, which lowered his premium by about half. It woud have been a much bigger hit to our premium without it.

DS is eligible to take the test to his full "G" license this June. If he is successful, our premium should decline a tad.

 

[swilshire]

Ours went up about $1900 a year. Our company does not require that a teen be specifically listed until they have a license. They are "free" as long as they just have a learner's permit, so we held off both our sons as long as possible. That gave them more experience with an adult in the car and saved money.

I've never been able to afford an umbrella policy as mentioned above.

Sheila

 

[pat fan]

Oh, for those of you who aren't putting them on your insurance at all, is that something that varies by state? First living in OK and now in TX, we are told if they live in the house and have a license or even permit, they must be on our insurance.

If they have a permit, they can be on your insurance with no charge, but once they have a license they need some kind of insurance that costs. We chose to not have them on our own policy but have them get their own. I have never heard of a law stating which policy they must be on, just that they need to have some kind of insurance before they can drive.

 

[angierae]

DD didn't get her license until she was 18. My policy went from $90/month to $180/month.

(This was for one car.)

Once she got her own car, putting just basic coverage on it (no collision) actually DROPPED our insurance to $150/month because it cost almost nothing to put basic insurance on a 1999 Passat with 170k miles on it, so the multi-car discount was actually more than the price of her policy.

 

[Patience]

Ours went up a bit over $1300 a year. Thankfully, she's been driving over 3 years now without any tickets or accidents so it has gone down a good bit.

 

[tvguy]

Our umbrella policy will double when our son gets his license. So will the car insurance. With the umbrella policy, we are also increasing the coverage from one million to two million, so that will most likely double it yet again. To me, the umbrella policy is worth every penny, especially with a new teen driver and also our younger son will be getting his permit soon.

Had no impact on my unbrella policy, just the auto policy.

 

[GaSleepingBeautyFan]

DS18 who is a senior is costing us 900.00 every 6 months. And this includes the good grades discount and the discount for drivers ed training.

It's so high because he is the primary driver on our old Honda Accord.

 

[Mrs. Ciz]

Our insurance went up $90 a month when we added DS16. He got a good student discount. We have 3 cars, 3 drivers. He is the primary driver of a 99 Honda Accord with 260,000 miles on it. We only have liability on this car.

He earned an academic scholarship to a private school 20 minutes away from us. There is no bus service so he drives back and forth each day. With his heavy academic course load and his sports, he has no time for a job during the school year so we pay for gas, insurance, car maintenance. This coming summer will be his first with a car, so he's looking for a summer job now. He will help pay for gas then, but I do not expect him to foot the entire car bill. I want his focus to be on his sports, maintaining his class rank and preparing for a top tier college.

 

[clh2]

Our insurance doubled when DD got her license. She did have our oldest car, was 10 years old with 180k miles on it.

We opted to get her something with lower miles when we made the decision to let her have a car on campus. She actually missed her old car for a few minutes... The insurance on the newer car was horrible. This car needed to be on a separate policy, since she is in school in a different state, and primarily living there now.

 

[sharon_wv]

When we added our DD to our policy we had 3 vehicles; we dropped full coverage on the vehicle that she would be driving (2003 dodge neon). Our insurance remained about the same.

She totaled that car a few months later so we dropped coverage on that car. Even though she is not (I mean never) driving either remaining vehicle, our insurance went up after we dropped that totaled car. The agent said she is rated now on another of our vehicles.

Bummer, right?

 

[sskem96]

Ours went from $110/mo to $204/mo when we added DD17 as an additional driver. We have a 2012 Mitsubishi iMiev with a $250 deductible and a 2013 Prius with a $100 deductible. For some reason it was cheaper to insure her on the iMiev even though it was the more expensive vehicle. Maybe because it's primarily an in town car since it only gets about 70 miles/charge. We have State Farm with multi line discount also.

 

[tvguy]

Our insurance doubled when DD got her license. She did have our oldest car, was 10 years old with 180k miles on it.

We opted to get her something with lower miles when we made the decision to let her have a car on campus. She actually missed her old car for a few minutes... The insurance on the newer car was horrible. This car needed to be on a separate policy, since she is in school in a different state, and primarily living there now.

We actually found that the age of the car had very little impact on our insurance, but the risk rating of the car. Our son was cheaper on our 2003 Focus than on our 1987 Suburban which does not have collision coverage. Our insurance agent every 6 months was running the numbers, putting the kids on various vehicles to see if it cut the premium. When they went away to college, he also tried the zip codes of their college, against our home zip code, to see which yielded the lower price. The insurance company allows you to claim either location was the main location the car is garaged in. And realistically, with summer and school breaks, and coming home on weekends, the car spend about half it's time here, and half at college.

 

[ruadisneyfan2]

Wow! Thanks for all the replies everyone!

I was always under the impression that once there's a licensed driver in the house, we have to report it to the insurance company & we can't simply say, "Yes, he has a license but doesn't have a car so we don't need to list him."

We have AAA & will have to call them but for the heck of it tried Geico.com. First I got a quote for just dh & I with same coverage we have (not the barely-covered lowball they first offer.)
That was $1088 for a 6 month policy.
Then I added ds and it went up to $1378. So not too bad & definitely not double. I'll have to call AAA and see what they offer.
He's not getting a car until he can contribute financially.

Unfortunately, he's applied for at least 20 jobs and no one ever calls back.
Sooner or later something will work out. He just has to keep trying.

 

[ruadisneyfan2]

Just for the heck of it I tried listing dh's Silverado as the vehicle ds would primarily drive. It made it jump to almost $1700.
I guess boys would drive a p/u truck differently than a minivan.
Well, and the truck is only 2 yrs old.

 

[lurkernj]

Also from NJ here. We added DS18 about 1.5 yrs ago and our $1800 insurance bill doubled. He did have his own car though. Now he's away at college and we get about $800 credit since he's more than 100 miles away. Our DS15 will be turning 16 in March and getting his permit, so I have a year to save for that insurance bill! On the bright side, they did agree to share the one car since DS18 isn't home much.

 

[JanaDee]

We added a third car soon after DS17 got his license. Our rate doubled. We went from paying $1200 a year to $1200 every six months.

 

[JanaDee]

Does anyone have an umbrella policy? I was told that went up a shockingly large amount also when adding a teen driver. We will be adding our DD soon, haven't called yet to find out new rates.

We have an umbrella policy, rates did not change when DS was added.

 

[kP72]

WoW... I had this same thought run through my head yesterday! DS will be 16 in May and I got to thinking about insurance costs... (and this is pathetic)...how much it would effect our WDW trip in October!