Cheap auto insurance for teenagers in Missouri

All drivers in the state of Missouri must have the minimum mandatory auto liability insurance. This law includes your teenage driver. You must carry $25,000.00 for each individual injured or killed in an accident, $50,000.00 for all the people involved in the accident, and $10,000.00 to cover all property damages. They must also have uninsured/underinsured motorist bodily injury of $25,000.00/$50,000.00 respectively. Since statistics show that the first year behind the wheel of a car is the prime time for teenage automobile accidents, your insurance company may recommend that you carry comprehensive and collision on your teen as well as raising the limits on your liability insurance and uninsured/underinsured to more than the state requirements.

As the parent, you are required by the state of Missouri to take financial responsibility for your teenage driver. Your teen driver must carry their proof of insurance in the vehicle at all times. Your teen must produce proof of insurance upon request by the authorities. In Missouri, this is an insurance identification card, a motor vehicle liability insurance binder, policy, or the receipt showing the policy information, a financial responsibility card, or a self-insured identification card issued by the state of Missouri Department of Revenue. Information supplied to the DMV by the insurance company will include the name of the insurance company, the dates of coverage, and the amount of liability coverage. It also needs to include the policy number, VIN number of the vehicles covered, the make and model of the vehicles as well as the name of the policy holder. The auto insurance needs to be authorized by a qualified auto insurance company. Even if the teen is not at fault for an accident, they must provide proof of insurance to the officer on the scene. They must also have proof of insurance for any regular traffic stop. Failure to produce proof of insurance will result in fines and possibly the loss of their license for one year and reinstatement fees as well as providing proof of financial responsibility for the next three years. The penalties will increase with repeat offenses

Adding your teen to your policy will generally be less expensive than putting them on their own auto insurance policy. Even then, the cost of adding your teen to your insurance policy will raise your premiums from $1200.00 to $4900.00 per year. On average, the premium will raise approximately $2,171.00 per year.

For each successive year that your teen maintains a good driving record, the premiums will most likely go down. To maintain a good driving record, your teen cannot have any traffic violations or accidents on their driving record. They cannot be picked up for a DUI or talking on their cell phone. Safety devices such as anti-lock brakes side air bags, automatic seat belts and daytime running lights may also reduce your premiums.

In addition to a clean driving record, teens who maintain a “B” grade point average will also receive a discount on insurance premiums. Another discount available for teens will be given when the teen has successfully completed a state approved safe driving course. The type of car your teen drives will also affect your insurance premiums. Don’t put your teen in a luxury car or sports car. It may also help lower your premiums if you avoid the top 10 stolen cars in the state of Missouri. These cars include:


Top Ten Stolen Cars

1. 1994 Dodge Caravan
2. 1999 Dodge Intrepid
3. 1986 Oldsmobile Cutlass
4. 1998 Jeep Cherokee/Grand Cherokee
5. 2004 Dodge Stratus
6. 1992 Chevrolet C/K 1500 Pickup (full size)
7. 1997 Ford Taurus
8. 1998 Ford F150 Series
9. 1998 Dodge Neon
10. 2001 Pontiac Grand Am

Following these guidelines will save you between 10 to 15% on your auto insurance premiums for your teenage driver.