teen insurance Texas

Reader’s Question:

I just want to know how much a car insurance will go up when I add a teenager on my policy. I live in Texas.

Giselle

Thank you for asking Giselle.

Because of the fact that teenagers that are newly licensed have such high rates of accidents they cost more to insure than an experienced driver who is more prone to avoid an accident than cause it.

In Texas, the costs of adding a teenager will depend upon your insurance rates already, your location and your teen etc. For example if you live in a congested area where your child is more likely to be involved in an accident compare to a more suburban or rural area the rate to insure your teenager will likely be higher.

Generally, adding a teenager may cost $1200 to even $2500 a year. On average, a 16 year old can expect to pay 2.52 times the base rate for their car insurance policy. If you as a parent wanting to add a teen to your policy and is currently now paying $500 for a year of car insurance, then adding a 16 year old newly licensed driver onto your policy could raise your rates to (again on average) $1260 for a year of car insurance.

It depends on where you live according to some studies show that your insurance rates may go up 50 to 200 percent for adding on a teenager.

Goodluck!

MariCAR