Average Cost Of Insuring Teen Drivers In U.S. Climbs To $5,000 A Year

Average Cost Of Insuring Teen Drivers In U.S. Climbs To $5,000 A Year

To understand the cost of insuring a teen, QuoteWizard compared quotes for teenagers across the country from top insurance companies. Quotes were based on a standard insurance policy for a risk-free driver.


Insuring a teen driver isn’t cheap.

According to the online insurance marketplace QuoteWizard, the average cost of a standard individual policy (without bundling) for a 16-year-old driver is $438 a month – more than $5,000 per year.

In a new study, QuoteWizard examines several different factors and finds that:

  • Teenage boys cost more to insure than girls.
  • Adding to their parent’s policy is cheaper for a teen than buying an individual policy.
  • Single parents don’t save much more than married couples.

To understand the cost of insuring a teen, QuoteWizard compared quotes for teenagers across the country from top insurance companies. Quotes were based on a standard insurance policy for a risk-free driver.

“Many of us who’ve grown up driving here in the U.S. have long sensed that teens are charged more than just about any other demographic for car insurance, so we felt the time was finally right to take a hard look at costs,” said Adam Johnson, QuoteWizard content manager. “While our findings confirm that teen drivers can be charged alarmingly high rates for car insurance, our study also provides some specific guidelines and data to help teens and their parents better understand and navigate the increasingly complex world of car insurance.”

Article courtesy BodyShop Business.

You May Also Like

Standard Motor Products Introduces 200 New Numbers

The release provides new coverage in 60 distinct product categories and 75 part numbers for 2023 and 2024 model-year vehicles.

Standard Motor Products, Inc. (SMP) announced it released 200 new part numbers in its May new number announcement. This most recent release provides new coverage in 60 distinct product categories and 75 part numbers for 2023 and 2024 model-year vehicles, according to SMP.

As vehicle technology evolves, Advanced Driver Assistance Systems (ADAS) become more complex to keep vehicle occupants safe. New releases include 18 new Park Assist Cameras, adding coverage for more than 9 million import and domestic vehicles, as well as Park Assist Sensors for Ford, Kia and Nissan vehicles. Seven ABS Speed Sensors have been added covering many popular vehicles, including 2019 Chevrolet and GMC 1500 trucks, the 2024-20 Cadillac CT4 and the 2023-19 Nissan Titan XD. Electronic Parking Brake Actuators are new for the 2023-19 RAM 1500 and Ford vehicles like the 2021-20 Escape and 2023-21 Mustang Mach-E. Accelerator Pedal Sensors are newly released for the 2023-22 Hyundai Tucson and 2023 Kia Sportage.

CRP Industries Announces New VP of Finance

Luis Vargas will provide CRP with financial leadership, planning and analysis.

ASE Spring Testing is Underway

Those who register by June 30 will have 90 days to schedule an appointment to take their selected ASE tests.

Advance Auto Parts Celebrates ‘National Road Trip Day’

Advance’s “Check Your Battery, Not Your Bag” campaign offers free gift cards for road trip essentials and curbside services, beginning National Road Trip Day – Friday, May 24.

Lumileds to Sell Lamps/Accessories Business to First Brands

Lumileds’ automotive lamps factories in China, Germany and Poland are included in the acquisition.

Other Posts
Hunter Engineering Releases New Alignment Coverage

The semi-annual specification update includes new and existing records.

FCS Introduces 42 New Numbers in May

Complete strut assemblies, shock absorbers, shock absorber assembly kits and suspension struts for popular VIO applications are included.

NHTSA Issues New Standard for Automatic Emergency Braking

The rule makes AEB standard on all passenger cars and light trucks weighing up to 10,000 lbs. by September 2029.

MEYLE Expands Electronics, Sensor Product Portfolio

The focus is on assistance systems and engine and transmission management, with more than 300 new part numbers.