Cutting Car Insurance Premiums for Teenage Drivers

teen driver auto insurance

Adding a teenage driver to a family automobile insurance policy can double your insurance costs depending on where you live, among other factors. A July InsuranceQuotes.com survey, showed that premium increases for adding a teenager can range from an astonishing 116 percent in Arkansas to a modest 18 percent in Hawaii. The rate increases reflect the higher risk associated with young drivers. According to the Insurance Institute for Highway Safety, the fatal crash rates for 16-19 year-old drivers is three times higher than the fatality rate for drivers who are…

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