The Cost

As a teen driver, you will pay more for auto insurance than a more experienced driver with a clean driving record with no moving violations or at-fault accidents. Insurance companies consider you a higher risk, because inexperienced drivers are much more likely to get into accidents. In fact, the risk of motor vehicle crashes is higher among 16- to 19-year-olds than among any other age group, according to the Centers for Disease Control and Prevention.

So how much more?

Here's an example for six months of full auto insurance coverage:

Mom and Dad: $991
Mom and Dad and 16-Year-Old: $1,730
Mom and Dad and 16-Year-Old who had an accident: $2,094

What factors influence my premium?

  • Inexperience.
  • Your driving record.
  • Where you live.
  • The kind of car you drive.
  • How much you use your vehicle.

How can I save money?

  • Shop around. Prices may vary greatly from company to company. Make sure you're comparing identical coverages when you're shopping around.