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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.
Read more: Car insurance rates: Geico vs. Progressive vs. Amica vs. State Farm
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 fight back against that sticker shock:
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.
Read more: How to counter lowball offers from auto insurers after your vehicle is totaled
This post was last modified on April 25, 2018 7:44 pm
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