Originally Posted by RedsBaron
My 16 year old son, just a few days after that all important birthday, got his driver's license last Friday. My car insurance just went up a few thousand dollars a year. I'm sure the rise in my blood pressure exceeded the rise in my insurance costs.
Did your car insurance really go up that much after adding him? That seems a bit high, though I'm not sure what kind of car he's driving and whether or not you guys have full coverage or not.
When I turned 16 in 1998, I drove a four cylinder sedan, and my insurance was around $900 a year with primarily liability. Granted, I did have a good student discount already deducted from that total. I maintained a clean driving record through my 18th birthday, and I was able to drop my insurance to around $775 a year after turning 18.
Right now, at age 24 and before the magical age 25 insurance cost drop, I pay $570 a year for insurance on another four cylinder sedan, though that's with liability and comprehensive only instead of full coverage.
One thing I'd suggest you guys stressing with your kids is making sure they keep their grades up, not only for obvious educational reasons, but also due to the nice good student discount on their car insurance if your insurance company provides that incentive. I graduated college two years ago, and I'm still
receiving my good student discount with my insurance. I was able to keep it all the way through college, and when I graduated my insurance company told me I could keep the discount until my 25th birthday since I put up a 3.0+ GPA during my final quarter in school before graduation.