A new study from Insurance.com shows how much a parent’s insurance policy can go up when a teenage driver is added.
When a teenager is added to the parent’s policy, according to the study, the annual insurance premium for a one-car family while for a two-car family it generally jumps about 58 percent and for a three-car family, about 62 percent!!!
This is because drivers ages 15 to 19 tend to get into MORE accidents than older drivers and have little driving experience.
So how can parents of teenage drivers reduce the insurance costs? comparing rates from different companies; making sure your teenager is driving a safe car that is inexpensive to insure; and asking for DISCOUNTS if your child gets good grades in school, takes certain DRIVING CLASSES or drives a vehicle with a monitoring device installed. A lot of courses out there will help reduce your car insurance, make sure to ask your car insurance provider first.
The data is based on an analysis of car insurance quotes provided by Insurance.com were users for all levels of liability coverage from October 2009 through September 2010 provided their information. Collision and comprehensive coverage was not included in the analysis.
How much did your insurance jump when your child started driving? How have you lowered the cost, if at all?
If your insurance provider agrees in your policy for insurance reduction by taking defensive driving classes, well… Look no further, at
We can help! Just give us a call or register for the online course! A tip for our readers is to use the PROMO CODE: SPEED at checkout for an extra discount!