How Teen Drivers Affect Car Insurance

Written by Melody Avecilla

In the US in 2014, 2,270 teens died and 221,313 were treated in emergency rooms for injuries suffered in motor vehicle crashes.  Same year, teens aged 16-19 accounted for 11% of total costs for vehicular injuries, though their age group accounted for only 7% of the total population. Because of all these, adding a teen driver to your policy can easily mean a 50% to 100% increase in your total policy.  If you have a teen ready to get a driver’s license, here are some things to keep in mind when it comes to your car insurance.

Plan ahead. Expect your insurance rate to increase when you add a teen driver to your policy. Give your agent a call to find out how much so you can budget accordingly.

Talk to your teen. Let your teen know that safe driving matters and that your teen's driving record affects your insurance rates.

Research. If you’re buying a new car, consider which ones are the safest and the best fit for a new driver. 

Add coverage. Extra protection, like a Personal Liability Umbrella Policy (PLUP), can kick in if damages exceed your coverage limits.

Find out which discounts are available. Depending where you live, you may qualify for new discounts, like the Good Student Discount.

Due to the nature of teens – their lack of driving experience and sense of adventure – car insurance policies naturally rise when they are involved.  Just try to remember that these increases are there for a very important reason – to protect your child, finances and motor vehicle.  With this in mind, you’d be more willing to pay for your pricier insurance policy.

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Resources

Center for Disease Control and Prevention

Teen Drivers: Get the Facts

https://www.cdc.gov/motorvehiclesafety/teen_drivers/teendrivers_factsheet.html