Updated on: 6/5/2018
A new article has been uploaded into our law library.
Insurance companies consider drivers under the age of 25 a higher-than-average risk for car accidents. This can actually cause your insurance to increase 50 to 100 percent – that is if you put them on your insurance. If they have their own insurance policy, it is a different story. It will be even more expensive.
The car they are driving is also a huge factor. Of course, they want the flashiest, coolest cars that they won’t be embarrassed to drive, however these cars are going to cost significantly more money. If your teen is driving a safe car, such as a Toyota Camry or Honda Civic, it is going to cost less to insure. Sporty cars are more expensive because cars that go fast encourage teens to drive fast, resulting in tickets and accidents. These cars should also put your mind at ease because if they are hit by another vehicle or object, these car models will be substantial for protecting them.
Click here to read the entire article to learn more tricks for saving on car insurance.