We found that a 16 year old boy can effectively reduce his rates by 50 or more by joining his parents car insurance policy.
Teenage car insurance average cost per month.
The risk is four times as much.
California rates increased the most more than 200.
The average households car insurance bill rose 152.
We researched average auto insurance costs based on various driver profiles and rates fielded from up to six major car insurance companies in every state.
That gap narrows for 30 year olds where men pay 10044 per month for auto insurance while a 30 year old woman on average 10211.
This average includes all liability coverage levels.
This bears out when you look at average car insurance rates by age.
Bundling can save you money on teen car insurance.
There are ways to reduce auto insurance rates for a teen driver but buying a car for the teen and putting him on his own policy isnt one of themthe average annual rate quoted for a teen driver is 2267.
Lowering car insurance premiums for teenage drivers.
The average cost of car insurance is 146 a month or 1758 per year for a full coverage policy.
Add one teenage boy and one car to that mix and the rate jumps to 4673.
The average annual cost of car insurance in the united states is 1416 according to the data in our study.
Compare auto insurance quotes in your area.
Adding a teenager to a parents policy is cheaper than buying an individual policy.
The reason behind the hikes.
Thats the short answer.
Moving up to 45 years of age men pay 9578 per month while.
Car insurance for people under 25 years of age is typically quite high.
The average cost of a car insurance policy with full coverage is 2390 per year or 200 per month.
The average cost of a car insurance policy is 937 per year or 78 per month when averaged across states for our sample driver with a policy that meets the minimum requirements of each state.
A teenage boy was more expensive.
It costs 302 extra per month to add a teenage boy to a plan.
With age comes wisdom and lower car insurance rates up to a point.
Teens and young drivers are inexperienced behind the wheel and statistics show they as a class in whole are more likely to be in accident than other age groups which makes them a high.
The average bill rose 176 compared with 129 for teenage girls.
The long answer is that the average cost depends on a variety of key factors many of which weve outlined in the sections below.