Young Driver. Big Raise in Auto Insurance Rates. Can you help?

Question

My son is 15 and is getting his learner's permit. My insurance company wants almost $200 a month to insure him on my policy. I had low rates and a good record so this shocked me. Can anybody help?

Answer 1

The rules are dependant on the State you live in.

In OUR state you don't have to add the new driver until they get their full provisional license - kids with a permit are still freebies...

My daughter's 18yo and had her permit for over 3 years (haha)

She can't drive alone, but that's fine with us until she's mature enough to be alone on the road. She hasn't shown me the maturity I'd expect - so I know when she's out with her friends, she will be LESS mature!  This is also giving her time to graduate and get a full-time job to help me pay for the insurance premium of a new driver

Get a 2nd opinion of another agent at another company (other than your own) and see if it's your agent who wants your child added... or an actual law - I have people call me all the time saying their agent is adding a child with a permit... so they switch agencies!

Answer 2

Try using http://My-InsuranceSearch.com to compare car insurance rates for all the major providers in your area.

Answer 3

Consider other insurance company which is I think a good move for your concern.

Answer 4

Try filling out the form at http://myinsurancequotes.net/auto-insura...  It will provide you with quotes from different companies.  An agent can help you shop the market and figure out what the best situation is going to be with your son on the policy.  

I hope that helps.

Jared Balis

http://www.utahinsurance.org

http://www.healthinsuranceinutah.com

Answer 5

Hi. Insurance companies factor in several things to determine rates. They use the age of the driver, where you are located, driving history, and even a credit report to decide how big of a risk somebody will be. However, different companies use different measures, and some are more forgiving than others. Since it is obvious that your son is getting nailed on age, and maybe a lack of driving history, I'd go shop around. Some companies advertise better rates for young drivers. Who knows? They may factor in the fact that you have a good history, and decrease your rate to get your business too.

I've had good results here...

http://insurance.deal4-you.com

Good Luck.

Answer 6

Don't let him drive.  Honestly, the reason they want so much, is he's a bad risk.  Kids cost a LOT to insure.  

Even if you shop around, you'll find a huge difference in rates.

The only way to lower it, is to drop the collision off your car - but then if he cracks it up, it's not covered.

Answer 7

Some insurance companies given "good grade" discounts. So, if you son maintains a B average, check out the insurance companies in your area that offer that discount.

Also, if you own an home and you haven't already done so combine your homeowner's and auto insurance with the same insurance company. You will receive a large discount.