Adding a teenager to your auto insurance policy is a significant financial decision. Teen drivers are statistically more likely to be involved in accidents, which means higher premiums for your household.
Why Rates Increase
Insurance companies base premiums on risk, and teen drivers simply have less experience behind the wheel. Statistically, drivers aged 16-19 have the highest crash rates of any age group.
Ways to Save
- Good student discounts — Many carriers offer discounts for teens with a B average or better
- Driver education courses — Completing an approved driving course can lower rates
- Choose the right vehicle — Safe, reliable vehicles with good safety ratings cost less to insure
- Increase deductibles — Higher deductibles can offset the premium increase
- Bundle policies — Multi-policy discounts can provide additional savings
Talk to your BlackArrow agent about the best strategy for adding your teen driver while keeping costs manageable.
