Insuring Teenage Drivers can be Costly

New numbers from InsuranceQuotes.com suggest that insuring a teenaged son or daughter will make your rates go up, explains InsuranceQuotes Senior Analyst Laura Adams. “Teen drivers actually cost 79% higher rates for insurance, when we take a look at a mom and a dad adding just one teen to their policy.” After examining crash rates for teen drivers the insurance price hike is easily understood, adds Adams. “Unfortunately crash rates for teens are about three times higher than for older drivers.” Adams says you can lower your rates with a teen driver with pay-as-you-drive car insurance, which track driving habits and can lead to big discounts. Teenagers with classroom averages of “B” or better also qualify for lower rates.