The average quoted car insurance
premium for a male teen driver on his own policy is $2,267 a year, which includes all liability coverage levels. Thankfully, you’ll be adding your son to your policy, which will save everyone money in the long run. The average cost of a teen added to a parent’s auto policy is around $621, which is a 365% decrease from what he would pay on his own.
Even though teens can be expensive to insure, there are several discounts you can get with him on your policy. If he has above a 3.0 GPA, send in his report card to get a good student discount.
If you have him complete an eligible driver’s education or defensive driving course, you could also get a defensive driving discount.
If you need to find the best rates for a joint policy, the experts at Jerry
make insurance shopping easy. Jerry collects all of your information from your existing insurer, so you don’t need to fill out long forms. Choose from competitive quotes from up to 50 top insurance companies and Jerry takes care of the rest—securing your new policy and cancelling your old one.