“ It ’ s very expensive to insure a adolescent driver, said Laura Adams, senior analyst, the web site ’ mho senior analyst. The adept newsworthiness, she added, is that there are ways to get discounts if, for example, your adolescent is a good scholar. The punishment for adolescent drivers should come as no surprise, experts say, considering unseasoned drivers besides tend to be the riskiest group on the road. In all, about 3,000 people were killed in crashes involving teens in 2013, according to a study released last calendar month by the AAA Foundation for Traffic Safety, with about 400,000 injured. The new study found that closely two-thirds of the people injured or killed during a crash are people other than the adolescent behind the wheel. “ Teen crash rates are higher than any other senesce group, and this data confirms that the impact of their crashes extend well beyond the adolescent who is behind the wheel, ” said Peter Kissinger, president and CEO of the AAA Foundation for Traffic Safety. insurance companies contend they are just passing on their higher costs by assessing goodly premiums for adolescent drivers. On median, adding a driver between the ages of 16 and 19 will cause a married couple ’ s indemnity rates to rise 80 percentage. But the accurate figure varies significantly, depending upon old age, sex and localization :
- The younger the driver, the higher the penalty. For the average 16-year-old it’s 96 percent, according to insuranceQuotes.com, while that slips to 60 percent for a 19-year-old;
- On average, females will see insurance rates jump 67 percent, while the hike is 92 percent for a teen male;
- In New Hampshire, adding a teen will lead to an average 115 percent premium hike –- one of five states where the penalty more than doubles a typical family’s insurance bill.
Hawaii, on the early hand, does not allow age or distance of driving feel factor into an insurance party ’ randomness bounty policy, so the increase averages alone 17 percentage. Excluding Hawaii, the states with the lowest increases are New York, Michigan and North Carolina, at 53, 57 and 60 percentage respectively. meanwhile, five states — Hawaii, Massachusetts, Michigan, Montana, North Carolina and Pennsylvania – don ’ thyroxine allow insurance companies to factor in sex when determining rates. The good newsworthiness for parents is that there are a number of ways to cut the adolescent insurance punishment. “ dependable student discounts can take some of the sting out of these bills, ” said Adams. “ I ’ ve seen discounts equally high as 25 percentage for students who maintain at least a bacillus average in high school or college. Students and their parents need to proactively request this dismiss. ”
Some policy companies may besides provide a discount rate for young drivers who use devices that monitor their behavior behind the wheel, such as the Progressive Snapshot system. Experts besides stress that parents should check to see which vehicles will suffer the lowest potential premium increase. Vehicles with relatively modest office and good safety equipment are probable to be more low-cost -– from an indemnity perspective –- than a muscle car like a Ford Mustang or Chevrolet Camaro .