What are typical costs for auto insurance for a new young driver? Auto insurance costs for a teenage driver can be high as they tend to be riskier drivers than those who have already been driving for years.
If you are a young driver, you are an insurance company's bread and butter. Since you're considered to be high risk, they can charge you a lot of money to insure you when you drive. And they have every right to do so. The statistics back them up - younger drivers are more likely to get into accidents than experienced drivers. Sorry, but it's true. And guys, your insurance is even higher because you're liable to take even more risks than a female driver does.
Any driver under the age of 25 should expect to pay for not only liability insurance, but also for full coverage on the car
they are driving, assuming it's a car they own. This way, the car is completely covered in the case of an accident. Sure, you could just get liability, but that's only going to cover basic bills and repairs - nothing more.
The costs for your insurance will also depend on where you live and what kind of car you drive. The less urban an area in which you live, the less you will pay. The slower and more solid your car is (think Volvo not Ferrari), the less money you will probably pay. A good average yearly insurance quote would be around$1500 for a male driver and around $1200 for a female driver - and that's just when you are added to your parents' policy. If you want to strike out on your own, you might be paying more.
Time to get a job, isn't it?