Insuring teens drives car insurance rates up

Raising a teenager is an expensive responsibility for parents all over the United States.  The cost of braces, a car, school activities and even college tuition can break the most modest of budgets.  On top of that, insuring a teen driver in Florida can add an additional 82 percent to the cost of premiums according to a recent study by insuranceQuotes.

Adding a teen driver to auto insurance policies raises premiums an average 79 percent nationally meaning Florida only pays 3 percent more than the average. Parents of teens in New Hampshire, along with four other states, have it worse with premiums more than doubling when a new driver is added to the policy, and although Hawaii catches a break with the lowest increase, 16 percent, they are an outlier.

In addition, in 41 states, rates increase more than 70 percent for adding that single driver.

President of Gilmore Insurance and Bonding in Navarre Deuane Gilmore has been in the insurance business for 30 years. He said the higher rates are not surprising considering that inexperienced drivers are more likely to be in an accident.

Read the full article in the July 7 issue of Navarre Press. Click HERE to subscribe to your community newspaper.

Navarre teen, Zoie Garrison, worked hard and saved money to buy her first car.  The sticker shock was not from the car but from the high insurance premium she has to pay.

Navarre teen, Zoie Garrison, worked hard and saved money to buy her first car. The sticker shock was not from the car but from the high insurance premium she has to pay.

 

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2 Responses to "Insuring teens drives car insurance rates up"

  1. Pingback: Car Insurance Roundup, July 8, 2016 | InsuranceCanvas

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