Car Insurance for Teens: Sticker Shock

My son is looking at Chrysler products from the 60s and 70s.

My son is looking at Chrysler products from the 60s and 70s.

My soon to be 16 year old son has been a countless source of surprise as we’ve moved towards the day he becomes a licensed driver. First there was his pronouncement that he would rather ride a motorcycle than have a car.

Then he said that the type of motorcycle he’d be pursuing would be a sport bike with an engine class of 600 CCs or larger. Needless to say, with grief (and reality) delivered by his parents, myself included, Alex came to the decision that he would indeed get his drivers license and a car.

The real stunner, however, relates to the type of car he’s decided should be his first. If its a Chrysler product from the 1960 or 1970s, then it may have potential.

His current motto: “Mopar or no car.”

No matter what we ultimately end up coming home with, its guaranteed that the purchase will be a cash-only affair. That gives me some interesting options in terms of car insurance coverage.

We’re going to go with a decent level of liability coverage. We’re also going to get comprehensive coverage, while probably declining any collision coverage.

Here’s why: liability insurance is a must. Can’t go without it. Comprehensive, which will cover the car if it’s stolen or damaged in a way that doesn’t involve a collision, is generally a bargain.

Thus far, we’ve gotten quotes on a number of different makes and models that spanned from the 1920s to the ’00s. And honestly, I’ve been shocked by just how much the car can affect the final premium cost.

On most of the 60s and 70s Mopars we’ve quoted, I’d be looking at a monthly increase in premium costs of about 110 percent with the coverage mentioned above. If we add collision, the monthly outlay goes up 220 percent.

We’ve quoted a few cars “just to see” as well. Sports cars mostly, like the Mazda M5 and RX7 and Nissan’s 350Z. On those, I was looking at a monthly policy premium cost 300-400 percent greater than I currently pay.

If it were just me on the policy, the increase was slight, but once my son was added, the premiums shot through the roof.

Are you facing placing a teen on your auto policy? Have you checked to see how expensive it can be?


About Cecil Helton

Cecil Helton Cecil Helton is a U.S.-based writer and editor with passions for cars, motorcycles, boats, technology and social media. Much of his professional life since 1996 has been web-centric, and he’s written and developed content on a variety of subjects. His work in the houseboat industry received wide acclaim, such as winning the 1999 Cisco Systems Growing with Technology award and being named one of five finalists in the manufacturing sector of the 2000 Computerworld-Smithsonian Awards. As an Air Force brat, he spent much of his childhood in a two-year cycle of moving to a new place, making new friends, establishing a life, and then moving again. Destinations included: Kentucky, Illinois, Texas, the Greek isle of Crete, California and Ohio. Today you’ll find Cecil coping with his 15 year old son’s decision to pursue a motorcycle license at the same time he gets his driver’s license, being active across the web on multiple social media sites, and of course, writing articles and creating content on automotive and car insurance related topics right here at CarInsurance.org.


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