Contact Us
Make My Homepage

Teenage drivers send insurance costs higher

A new report finds that adding teen drivers to insurance policies leads to much higher annual premiums.

Teen Drivers
Eduard Titov, ThinkStock

The study, from insuranceQuotes.com, finds that adding a teen driver to a married couple’s auto insurance policy triggers an average 79 percent increase in annual premiums.

“New Jersey residents are seeing about a 74 percent increase for adding a teen driver, which is fairly close to the national average,” said Laura Adams, senior insurance analyst for insuranceQuotes.com.  Compare that to New Hampshire, which is the most expensive state to insure a teen driver, where the average premium rises by 111 percent.

Teenage males in New Jersey can lead to a 84 percent hike in car insurance rates, while teenage females can cost 64 percent more.

Teen drivers in Hawaii only cost 17 percent more to be insured.  The low cost can be attributed to the fact that Hawaii prohibits gender, age and length of driving experience from affecting car insurance rates.

What can parents do to try and save money?  “One key for parents to save money is to make sure that their teen is safe on the road and isn’t going to cause any accidents or get any violations that will cause the rate to even spike further,” Adams said.

There are also discounts for students that get good grades in school.

 

 

 

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on New Jersey Insiders quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on New Jersey Insiders quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.