Why Are Insurance Rates So High For Teens?

Written by on 9/29/2011 6:10 PM . It has 0 Comments.

As insurance agents, this is probably one of the most common questions that we get from parents who are adding their teen to their car insurance. We understand this frustration and after you read the reasons below, you will most likely respond with “But, my teen is a good driver…”

That may be true and you’ve probably spent countless hours helping your teen become a safe driver. If you have, then you should be glad that the chances of your teen getting into an accident will be less than most other teens on the road. 

However, it takes thousands of hours behind the wheel to get the experience necessary to avoid accidents and become safe drivers.

Here’s a statistic to prove this point:

 The crash rate for 16 year olds is nearly 3 times higher than 19 year olds and nearly 6 times higher than drivers 20 to 24 years old.

Unfortunately, you are going to have to pay high rates for your teen to drive. But, you can take steps to avoid paying the highest rates and keep them down.

  • Step One - Since we specialize in insuring teen drivers, use our specialists as a valuable resource. Our Family Protection Specialists represent companies that offer good rates, but most importantly, offer quality insurance protection in the event your teen is at fault in an accident.
  • Step Two - Buy a safe, older, lower profile vehicle for your teen to drive. Make sure it has airbags and anti-lock brakes and is not considered a dangerous vehicle. Our specialists can help you decide which vehicles are least expensive to insure.
  • Step Three - Get a Teen Driver Monitoring Device installed in your teen’s car. The greatest advantage of these systems is that this will most likely prevent your teen from speeding. Speeding tickets can greatly increase your insurance rates and jeopardize your insurance coverage. Insurance companies know that if a teen driver gets a speeding ticket, the likelihood of an accident in the near future is great. Your policy could get cancelled and it may be more difficult to get another insurance company to insure you.

We have helped hundreds of families like yours get the most value for their teens’ insurance protection program.  Let us do the same for you!

To learn more about how you can get the right protection for your teen driver, find out other ways you can save on your car insurance, and keep your teen driver safe, visit the Teen Driver sections of our website!


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