How Much Does Greensboro Car Insurance Cost for Teens?

Unfortunately, for those just starting out driving an automobile here in North Carolina, Greensboro car insurance can cost them more per year than any other risk group, including individuals with bad driving records, reckless driving histories and even a DWI conviction. This doesn't always have to be the case, however, as there are a number of ways that teens can lower their car insurance costs, which we'll discuss here. But first, let's talk about why teen drivers are charged so much by car insurance companies.

It's All About Risk Versus Reward

According to the U.S. CDC , car crashes are the number one cause of death among American teens aged 15-19. This is due primarily to the fact that these young drivers are inexperienced at handling everything that can happen while on the road and not always mature enough to make the split-second decisions sometimes required while controlling a large, cumbersome vehicle.

Insurers are in the business of balancing the risk of underwriting their assessment of the capability of young, inexperienced drivers to drive safely and sanely against the premium dollars they earn when everything goes according to their hopes, which is zero claims. The fact is, because the risk is higher with teens the premium charges must also be higher in order to make ends meet.

What Does it Cost to Insure a NC Teen?

Since teens pay more for car insurance than any other age group, it's especially important to take advantage of every possible discount insurers offer and even to give serious consideration to an insurance company that offers multiple discount options. Here are some typical discounts offered by insurers:

• Safe driver discount for having a clean driving record
• Good student discount for maintain good grades (for those still in school

The most expensive option for a teen driver to get a Greensboro car insurance policy is to have their own policy on a car where they're the principal driver. At age 16, this policy would likely cost more than $8000 per year, which few teens can afford.

Getting put on their parent's insurance plan as a secondary driver is much less expensive, as explained on this NCDOI website. At age 16, with no accidents, their car insurance cost would add less than $1500 per year to their parents’ policy. Consider this "piggyback method" of teen insurance.