Ah, teenagers; those kids in adult bodies. They used to be cute, knee-bouncing babies, then they suddenly begin to behave and consume like grownups. That includes getting behind the wheel. You don't have to look far for tales of reckless teen drivers. One statistic alone paints the picture: Motor vehicle crashes are the leading cause of death for teens in the U.S., reports the Centers for Disease Control and Prevention. It follows that adding a teen driver to the family auto insurance policy can kick up the premium more than 200%, according to a recent article published by Coverage.com, an insurance comparison and policy shopping website. The dispatch includes details and data about the cost of covering a teen driver, various factors that impact that cost including location and gender, and how long it may take for a young driver's insurance premiums to decrease. But there is one surprise in the story: Teen drivers don't actually need to be so expensive to insure. The slideshow above illustrates six ways that Coverage.com says teens and their guardians can save money on auto insurance. See also: |
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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].
