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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Car Insurance 101: Do You Know How You’re Covered?

Car Insurance

  Every car nationwide is required to have at least the state’s required minimum liability insurance. If a vehicle is financed through any lender, they will likely require the owner to hold a certain amount of comprehensive and collision coverage on top of the state mandated liability insurance. It is important that drivers in all states know what type of coverage they need on their vehicles and what kind of discounts they are eligible for to keep rates low. Any driver who is educated on the different discounts on their car…

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