Adding a teenager to my insurance policy….

Ummm why does my monthly premium double?

In any case I’m not the one paying it. The teenager is.

He scrounged up enough money to buy himself a little starter car.

Case in point my husband and I have a monthly premium of $258 for a 2022 suburban and a 2016 minivan.
Adding my teen and his little 2002 hatchback raised our premium $250

We added him to our policy to get the discounts
Our cars have Liability, collision and comprehensive with $100 deductible

His has liability and collision no comprehensive and a $500 deductible….

It’s insane honestly 😭😭😭
Good thing he has a job* and is paying for it.

If he purchased his own policy his monthly premium would be $315 to $380
And progressive quoted a whopping $635 a month! 😳😳😳

Do they realize teens mostly get minimum wage jobs they’re working just to afford car expenses 😅😅😅

Good things he’s applying to the electrical union once he graduates from HS

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tfan123 · 46-50, M

If you had an older car it would cost much less. The year of the car and also for some reason if it’s red also increases the cost of the insurance.

KaysHealingPath · 36-40, F

@tfan123 it’s a 2002
And it grey

tfan123 · 46-50, M

@KaysHealingPath I’m talking about if it was a 1990’s car. That would be really cheap and easier to maintain in my opinion 👍🙂

KaysHealingPath · 36-40, F

@tfan123 not that much cheaper we had the option of a 95 Toyota
It was also $80/mo just the car under my name. Same outcomes if it’s under his name
the Toyota was my uncles he was willing to sell it to my son, but he picked the neighbors Acura instead- it only has 130k miles vs my uncles Toyota that has almost 300k miles 😳