How a Teen Driver Will Affect Your Auto Insurance

Driving Car

Cost of Teen Drivers

If you have recently added your teen driver to your auto insurance policy, you know what a difference it meant for your premiums. If your teen is getting their license soon, get your wallet ready. The cost to add your teenager to your auto insurance policy can more than double your auto insurance rates each year.

The reason that you will see a huge increase in your premiums is that insurance companies rate teen drivers as some of the riskiest drivers on the road. According to the Centers for Disease Control and Prevention, the crash rate per mile driven for 16 to 19 year olds is four times higher than the same risk for older drivers. Teen drivers who are 16 years old are the riskiest drivers, and have a crash rate of two times higher than teens 18 to 19 years of age.

One study compared auto insurance rates from 10 different cities in each state on a 2014 Honda Accord. The study quoted auto insurance rates from a 40 year old male investing in full coverage, and then the same policy for a 16 year old male. The study showed that on average, the auto insurance premiums rose 152 percent across the country. By adding a teenage girl to the policy instead of a boy, the rates only rose, on average, 129 percent.

When looking for the right auto insurance policy for your family, contact The Insurance Shop in White Bear Lake, Minnesota. As an independent insurance company, we will work with you to ensure that you have the right amount of coverage, all at the right price.

Involved in a Car Accident? Now What?

Upset driver After Traffic Accident

Upset driver After Traffic Accident

Getting in a car accident can be a very scary time! Knowing what to do in case of an accident can help you stay calm since you are prepared. It can also help the insurance claims process move much smoother. Keep these steps in mind so that you know what to do in case of an accident.

  1. Check to see if anyone is hurt and call 911. Even a minor injury, such as an aching back, can turn into a serious problem if it is not dealt with right away.
  2. If you can, move your car to a safe place on the side of the road. This will give you the space needed to collect all-important information without being in the road. Try to take pictures of the cars in their original position before you move them.
  3. Exchange information with the other driver. Make sure to get their full name, contact information, insurance policy number, driver’s license number, and license plate number. Write down the conditions, such as the time of day, traffic, and weather. Also, don’t forget to grab any contact information from witnesses at the scene.
  4. Call your insurance agent. The sooner you call your insurance agent, the sooner they will be able to start the claims process.

Having the right auto insurance policy is the best way to ensure that you have the right amount of coverage in case of an accident. Contact The Insurance Shop in White Bear Lake, Minnesota for all of your auto insurance needs.