Auto Leasing Guide
Go to LeaseGuide.com now !

Auto Insurance Rates for New Teenage Drivers Mankato MN

How to get the cheapest auto insurance rates for 16 year old male drivers and other teenage drivers. Car insurance is expensive but there are ways to minimize the cost if you know how.

Community Insurance
(507) 385-4485
1057 East Madison Avenue
Mankato, MN
 
Bristol- Lonnie D - State Farm Insurance Agent
(507) 345-3663
870 East Madison Avenue
Mankato, MN
 
Aaron Hatanpa Ins Agcy Inc - State Farm Insurance Agent
(507) 345-3606
1215 North Riverfront Drive Ste C
Mankato, MN
 
Hasse Steven A Insurance
(507) 625-6671
1235 East Madison Avenue
Mankato, MN
 
Preston J Doyle Ins Agency Inc
(507) 388-6281
1728 E Madison Ave
Mankato, MN
 
Nelson Marlow W.
(507) 345-3606
3030 3rd Ave
Mankato, MN
 
Sexton Mark Insurance Agency
(507) 625-6900
1400 East Madison Avenue Suite 344
Mankato, MN
 
Blue Cross Blue Shield of Minnesota
(507) 345-3317
302 North Riverfront Drive
Mankato, MN
 
Oliver Michael Insurance Agency
(507) 386-0808
2144 Hoffman Road
Mankato, MN
 
Brandt- Francis X
(507) 345-4560
1651 Commerce Dr
North Mankato, MN
 

Auto Insurance Rates for New Teenage Drivers

Since 16 year old teens cannot legally sign contracts, including car insurance agreements, they typically get insurance coverage by being added to their parents' existing auto insurance policy. Until they are 18 years old, teens cannot buy their own insurance.

If a teen is added as a occasional driver for an existing family car that is also driven by other family members, rates will be much lower than if the he/she is a primary driver on his/her own car. The cost of adding a driver to an existing family car insurance policy is always cheaper than taking out a separate policy.

Adding a 16 year old male teenager to a family's car insurance could easily double the cost. The exact amount of the cost increase depends on a number of factors, which we'll discuss in a moment.

Teens and their families often are tempted to try and avoid the higher cost by listing a teen as an occasional driver when they are actually a primary driver, or simply not listing the teen at all. It may seem that the scheme is working for a while — until the first time the teen is involved in an accident or receives a traffic ticket. If an accident is the teenager's fault, the insurance company has a right to deny any claims resulting from the accident, which could be financially devastating if damages and injuries are extensive. Furthermore, the company would likely cancel the family's insurance. Auto insurance companies are not dumb. They've seen every trick in the book.

...

Click here to read the rest of this article from Lease Guide