You have probably heard the phrase “kids are expensive“. That phrase takes on a whole new meaning when you find out how much your car insurance is going to increase when you add your teenage child to your policy. In this video I’m going to share with you:
1. How much you can expect your car insurance premiums to increase when a teenager is added
2. What does the insurance company look at when determining the premium?
3. Are car insurance premiums higher for males or females?
4. Ways to reduce the cost
5. How much does the cost go up if they get into a car accident?
6. When your child turns 18, should you move them to their own policy?
7. Coverage mistakes