10 cheapest cars to insure for teen drivers
- Toyota Prius – $24,200.
- Honda Accord (2-door and 4-door) -$21,955.
- Mazda 6 – $21,190.
- Ford Fusion – $20,795.
- Mitsubishi Outlander – $22,995.
- Nissan Rogue – $22,790.
- Subaru Outback – $23,495.
- Subaru Forester – $22,195.
Do I have to add my teenager to my car insurance?
Insurance coverages your teen should have
You are legally required to have to have at least state-minimum auto insurance coverage, but that is really not going to cover your needs as a parent of a teenage driver. First and foremost, your teen driver needs liability coverage – and lots of it.
How much is teenage car insurance per month?
Insuring a teenage driver is expensive no matter how you look at it. It costs an average of $278 a month to add a 16-year-old to a parent’s policy. Buying an individual policy for a teenager costs a staggering $438 a month on average. Teenage boys pay more than girls: Adult men pay more than women for car insurance.
What is the average cost of car insurance for a teenager?
The average annual rate quoted for a teen driver is $2,267. (This average includes all liability coverage levels.) Compare that to an average cost increase of $621 for adding a teen to the parents’ policy — that means you’ll pay 365 percent more by putting the teen on his or her own policy.
Photo in the article by “Flickr”