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Insurance companies are risk-averse, which means the more risky the insured, the higher the premium.
Few drivers on the road are more risky to insure than teenagers. Consider that motor vehicle crashes are the leading cause of death for people in the U.S. age 13-19, according to the Centers for Disease and Prevention.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
