Round about cost to add teenage driver

Discussion in 'Budget Board' started by Krischaser, Jan 8, 2017.

  1. Krischaser

    Krischaser DIS Veteran DVC Gold

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    UPDATED QUESTION at end of post:::::::Anyone know what a rough estimate cost it may be to add on a teenage driver on to your policy on a 2002 car? Thanks :)
     
    Last edited: Feb 10, 2017
  2. verleniahall

    verleniahall DIS Veteran

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    it will depend on who you have for insurance

    also, has your teen taken drivers education? Insurance companies will give a discount for having taken it. Some will give a discount for 6 months, or 1 year.

    We got 1 yr discount of 50% on me, plus, when I went to college, our insurance had a policy for college students up to age 24
     
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  4. Krischaser

    Krischaser DIS Veteran DVC Gold

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    Yes he took drivers education and is an advanced studies student (heard there may be a discount for that). I'm just trying to brace myself. All costs are going up but my pay has not :(
     
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  5. Krischaser

    Krischaser DIS Veteran DVC Gold

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    Who is your insurance company?
     
  6. MillauFr

    MillauFr Buzz & Woody

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    Adding my daughter bumped mine up about an extra $100 per month
     
  7. Jimsig

    Jimsig DIS Veteran

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    You really have contact your insurance company/agent. There are a number of variables ranging from your state, to even which town you live in. As a PP stated taking drivers ed can make a difference and that can vary by state as well. They can also help you to make sure you are getting the proper discounts, if any as well.
     
  8. tvguy

    tvguy Question anything the facts don't support.

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    Depends on where you live, the insurance company, and the car. A 2002 Crown Victoria, Buick Le Sabre, or Chevy Impala is going to among the cheapest to insure for a teen, a Corvette, among the most expensive. I agree though, that with a middle of the road car, about $100 a month is a good estimate.
    In California, you can't even get a learners permit or license if you are under 18 without Driver's Education. Not sure if there are states that are different. And my insurance company eliminated good student discounts because they discovered good students drive more, get more tickets, and are involved in more crashes.
     
  9. kymom99

    kymom99 DIS Veteran

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    Mine was less than expected though I can't tell you exactly how much because I have it all lumped together. House and 3 cars. He drives a 2002 Buick century. Had drivers training and good student discount plus did an online thing through the insurance company. We have State Farm.
     
  10. Krischaser

    Krischaser DIS Veteran DVC Gold

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    Thank you for the responses. Yes they can't get a permit here either without taking drivers Ed first. Kymom99 what type of online thing? Maybe I'll look into lumping everything and moving insurance companies.
     
  11. clori

    clori DIS Veteran

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    My friend's ds16 got his license in November and my dd16 got her license in December. I live near Boston and my friend lives in Western MA. I honestly don't know what they have for cars but they aren't new. In MA under 18 there is no license without completing driver's ed. I also got a discount for good student (they just took my word for it but some insurances may want proof) and it is cheaper if they are not the principal driver on a car. I was also told that when it is time for dd to go to college to let the insurance company know if she won't have a car at college because there is a discount for that as well.

    Neither my friend's ds16 or dd16 have a car. His insurance for a year they said was $2000. My dd's insurance for a year is about $1200. It is prorated the first year to match the date of your insurance policy. We could choose to pay it at once, monthly, quarterly etc. The insurance company was not able to give either one of us an a price until their license number was in the state computer system.
     
  12. kymom99

    kymom99 DIS Veteran

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    It was a video to watch plus he had to keep a log of driving practice. It was all on the honor system. It's called Steer Clear.

    To help me budget I pay insurance monthly. I pay $1 a month to do it that way. With 3 cars and a house it's a lot. We also had a rental property we had to insure. I don't use escrow. Instead of big bills on random months I find it easier to just pay it monthly. Only thing is, the amount changes a little bit every so often.
     
    Last edited: Jan 9, 2017
  13. amcnj

    amcnj DIS Veteran

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    If memory serves, our policy increased about $1200 when my daughter was added, and $2500 when my son was added. It can vary widely by state and even location within a state. Also, I had asked my insurance company how long the higher rates are in effect, and with my company a female's rates are higher till age 25 (so until the renewal policy after they turn 25) and males age 30. The way cars are assigned can vary by company too, so while you are thinking your child will drive car x, the auto insurer may not view it that same way and it too can affect the rates.
     
  14. kymom99

    kymom99 DIS Veteran

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    This is true. My friend argued it's highest risk driver assigned to most expensive car. Not so with my insurance. My son is assigned to lowest values car regardless of which he drives. He is covered on all of them
     
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  15. tvguy

    tvguy Question anything the facts don't support.

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    True. May agent assigned my kids to the vehicles that were lease expensive for them to be on, without regard to which cars they drove, which is allowed by my insurance. When they hit college, we also had the option of insuring them as being garaged in our home zip code, or the college zip code, whichever was cheaper. But my kids came home every weekend, and in reality, the car was at school and at home for roughly 180 days each, with only a few days difference, and that varied from year to year.
     
  16. amcnj

    amcnj DIS Veteran

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    My company also assigned children to the oldest vehicles. And your reply made me think of an additional college aspect, namely if they attended a college over a certain number of miles away and did not keep a car there, then there was some rate relief offered. That did not pertain to my children, so I did not pay full attention to the details on that.
     
  17. kymom99

    kymom99 DIS Veteran

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    This is true as my brother took advantage of this for my niece for a couple years.
     
  18. tvguy

    tvguy Question anything the facts don't support.

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    I didn't have a choice but to put them on a car. We have had a spare car since BEFORE our oldest was born, the insurance just assumes that car is what the child is driving.
     
  19. hsmamato2

    hsmamato2 <font color=magenta>Tink in Training-Good Girl,Bad

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    my ds was around $80 extra.... my friends son this past week added only another $56 per month to her policy (I have since switched to her insurance company lol) but here's a tip, in our house,if you can drive, you have to pay your own insurance costs monthly. This way I have my teens on my policy, but I don't have to pay the extra for them to drive....:cool1:
     
  20. hsmamato2

    hsmamato2 <font color=magenta>Tink in Training-Good Girl,Bad

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    oh also I was informed that no matter which car you assign to your kid, the ins. co. assumes they'll be driving all the cars anyway. Fun fact I learned last year.
     
  21. kymom99

    kymom99 DIS Veteran

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    This is true they are covered on all cars. But when I get the statements, it clearly says on the oldest car that my son is the orinciple driver. So the rate is based on that. It may vary pnafecto onafecand by company but that's how mine does it. I wouldn't want him to not be insured if he had to take my car somewhere one day
     

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