Teen Drivers and Auto Insurance Rates

According to a report from InsuranceQuotes.com, your average married couple will pay 85.5 percent more for car insurance after they added a teen driver to their policy. Sounds absurd, right? A report from the National Highway Traffic Safety Administration found that motor vehicle crashes account for 33 percent of deaths in teens 16 to 19 years old.

However, Georgia ranks as the 18th most expensive state to insure a teen driver. If you live in New Hampshire, your premium average will jump 115 percent, which is the most expensive. On a national scale, 16-year-olds have caused the highest spike in premiums, and the average impact will decrease 60 percent after an individual reaches 19 years old.

Laura Adams, senior analyst for InsuranceQuotes.com, said that good student discounts have been as high as 25 percent for students who held a B average in college and high school. As a parent, however, you need to proactively seek the good student discount. Hawaii, the only state where age and driving experience cannot be used against teens, only costs 17 percent more for car insurance with teens. New York ranks as the second lowest with an increase of 53 percent. Auto insurance prices will rise for teenage boys over girls because studies show that boys have a higher likelihood of taking risks.

While we all know that inexperienced teens tend to have a lead foot and do not exhibit as much experience or good judgment as more seasoned drivers, it does seem fair that good teen drivers must suffer. Despite these disconcerting findings, the good news is that the cost to insure teen drivers has actually fallen since 2013. During that period, a teen driver saw an average annual increase of 87 percent in their auto insurance premiums.

Call Pachuta Insurance Today @ 706-769-2262
Sources:
WTVM News 9
WSB Radio