Crash Statistics Explain Insurance Premiums for Teen Drivers

Mar 26, 2012 (0) comment

Parents of teens who are learning to drive often approach our Bay Area insurance agency for help in shopping around for affordable auto coverage. Insuring teen drivers is expensive because a teen’s first years behind the wheel of a car are risky.

Insurance companies calculate their premiums for auto insurance after careful analysis of many years of car accident claim data. Here are some sobering facts about car accidents involving teen drivers.

• According to the National Highway Traffic Safety Administration, mile for mile, teenage drivers are three times more likely to be involved in fatal crashes than the rest of the population. 
•Young people are far more likely than the general population to have a fatal crash after consuming alcohol.  
•Car crashes are the main cause of death for 15 to 19 year olds. Young people of this age are over-represented in car crashes around the country.
•A driver aged 16 or 17 who carries a single passenger is at far greater risk of a crash than when driving without a passenger.

Events like these will leave you in no doubt why insurance companies consider teen drivers to be a risky insurance proposition. There are a number of options that might help to reduce the amount that you or your teen needs to pay for auto coverage. Speak to an agent at our Bay Area insurance agency about your teen insurance issue and we’ll see what we can do!


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