New Study Shows Adding Teen Drivers Can Double a Family’s Car Insurance Premiums

Bad news for the parents of teenagers: A new study conducted by InsuranceQuotes.com, which was released on Monday, found that the monthly premium a married couple pays for car insurance can jump by as much as 80 percent once a teen driver is added to the policy.

The good news, however, is that there is some relief in sight for the families of young drivers who meet certain criteria.

“I’ve seen discounts as high as 25 percent for students who maintain at least a B average in high school or college,” Laura Adams, senior analyst for InsuranceQuotes.com said in a statement. “Students and their parents need to proactively request this discount.”

Continue to original source.

Subscribe To Our Newsletter

By clicking submit, I authorize Quick Policy Guide and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.