Watch your insurance rates increase perhaps as much as a 96% when your teen graduates the driver training program and gets behind the wheel of your automobile. Yikes! Why?
A spokesman for the Property Casualty Insurers Association of America, Joe Annotti says about teen drivers “The first month, they’re fine, then they think they know everything about driving and safety . . . (and) pretty soon they’re flying 60 mph down a back street to get to school.”
The statistics are not good for crashes and it’s still the #1 killer of kids 15 to 20, and teens under 25 are three times more apt to die in a car crash.
No wonder the car insurance rates jump 50% to 200% the very minute you add your teen driver to your insurance policy. The auto insurance companies are just not willing to handle that risk with out your financial help.
There are a couple things you may want to consider to perhaps reduce the amount your rates will climb before your teen driver takes the wheel.
1. Find out how your insurer assigns drivers to cars. This differs from insurer to insurer and can make a huge difference in the premium you pay. You may want...
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