Teen auto insurance


Tom: How do teenage crash rates compare with rates among drivers of other ages? What are the teen auto insurance rates for this age group?

Teen auto crash

Response: Teenage drivers have very high rates of both fatal and nonfatal crashes compared with drivers of other ages. This is true whether the auto insurance rates are based on the total number of teenagers, on the number with licenses, or on miles driven. Both licensure rates and miles driven per license holder are lower among 16-19 year-olds than among drivers age 20 and older (as a group), so when crash involvement is based on the number of licensed drivers instead of total population, the fatality rate of teenage drivers is even more extreme compared with older drivers. It is most extreme when crash involvement is based on miles driven.

Many teenagers die as passengers in motor vehicles. Fifty-nine percent of teenage passenger deaths in 2003 occurred in crashes in which another teenager was driving. Teenagers far exceed all other age groups in terms of per capita deaths as both drivers and passengers, but their passenger fatality rates are much more extreme compared with those of older drivers. Among teenage drivers, 16 year-olds have by far the highest rates of teenage passenger deaths per licensed driver and per mile driven.

A 2001 Highway Loss Data Institute study reported that insurance injury claim frequencies and overall collision (vehicle damage) losses for cars insured for teenagers to drive are more than double those of cars insured for use by adults only. Collision losses for drivers age 21 and younger, as for drivers of other ages, are highest for sports and luxury models and lowest for large station wagons and passenger vans.

The teen auto insurance rates for this age group are normally very high, however you can easily get discounts for them and also comparitive auto insurance quotes, which are cheaper as per the quotes given by many insurer. Find out the cheap auto insurance quote given here.

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Teen auto insurance

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Filed under: Cheap Car Insurance for teenagers • Latest News on Teen Crashes

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