teen driver

Teen drivers: How to ensure their safety — and insure yourself

Got a teenage driver? There’s no doubt that having one in the house can potentially be challenging times of life for any parent because you’re extending a new level of trust to your teenager by letting them get behind the wheel and it’s a financially challenging time as well because most insurers typically charge more money to cover teenage drivers.

About Teenage Drivers And Car Insurance

When parents add a teenager to their car insurance policy, their rates are likely to go up an average of 78 percent, according to a study by InsuranceQuotes.com. Based on the average national car insurance bill, that’s $1,028 more. Prices jump even more for boys — 89 percent — but girls are expensive too, raising bills 66 percent.

Teen drivers are expensive to insure for a reason. They are more likely to cause accidents than any other group, according to Centers for Disease Control and Prevention. In fact, motor vehicle accidents are the leading cause of death for teenagers. And studies show teens are even more likely to kill other people in these crashes than to die themselves.

Decreasing teen car insurance costs

Don’t be tempted to try to keep your teenager a secret from your insurance company. Instead, as soon as your son or daughter gets a learner’s permit, inform the company. Honesty is the best policy and disclosing new drivers is the law in several states. “The worst insurance mistake parents make when their teen starts driving is not notifying the insurance company that they have a licensed young driver,” said Mike McCartin, president of Joseph W. McCartin Insurance, Inc. in Beltsville.

If you don’t inform your insurance company, some will cover an accident caused by your teen as a courtesy to you, but others will refuse. There’s also a third scenario: “Many companies will back-date the addition of a driver to the day they were licensed,” said McCartin, “which can be a big outlay if it goes back a year or more.”

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My name is Tye Farnsworth, thank you for reading this bio! I was born and raised in Central Oregon. For an affordable insurance quote please contact me at (541) 318-8835 or connect with me online.