Carinsurance.com published a report on the average cost to insure teen drivers in all 50 states. Because teenagers are considered young and inexperienced drivers, insurance companies consider them to be high-risk drivers, so it costs thousands of dollars to insure them. In addition to age, other factors come into play when insurers decide how much to charge for coverage. Chief …
Average Cost to Insure Teen Drivers in all 50 States
May 10, 2016
Consumer Reports – Car Insurance Prices Are Unfair
October 16, 2015
The amounts drivers pay for their car insurance premiums are based on confounding algorithms that increasingly have more to do with socioeconomic factors than driving habits, according to extensive research conducted by Consumer Reports.
The organization, which believes that knowledge about the going rate of any product or service is a fundamental consumer right, has released the findings of a …
Teen Drivers Almost Double Parents’ Car Insurance Costs
June 17, 2015
The average married couple pays 80% more for car insurance after adding a teen driver to their policy, according to a new insuranceQuotes.com report. 16-year-olds cause the highest spike in premiums (96%); the average impact decreases to 60% at age 19.
Teenage males are much more expensive to insure than teenage females (average increases of 92% and 67%, respectively). Six …
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