Did you know the average auto insurance premium goes up 79% when you have a new driver on your policy? That’s according to InsuranceQuotes.com.
Teen drivers will jack up your insurance rate
The financial burden on a family when a teen starts driving is not to be underestimated.
‘I have a 16-year-old daughter and let me tell you, what a sticker shock it was for me when I had to add her to our auto insurance,’ Clark says.
The consumer champ recommends three main strategies to fit back against that sticker stock:
1. Have your teen pay some or all of the increased premium.
2. Consider having plenty of liability coverage since teens tend to have accidents.
3. Don’t buy a separate policy. It’s almost always cheaper to add your teen to your own policy.
For more tips on how to shop for auto insurance coverage, check out our dedicated section on Clark.com.