When your teen obtains their driver\u2019s license, it brings you both relief and anxiety.<\/p>\n
Relief because you are free from the hassle of frequent pick-ups and drop-offs, and anxiety because you will live in constant worry about your teen\u2019s safety behind the wheel.<\/p>\n
According to the Centers for Disease Control and Prevention<\/a>, car crashes remain the leading cause of death among Americans ages 15 to 19. According to the Insurance Institute for Highway Safety (IIHS), the fatal crash rate<\/a> per mile driven by teens (16-19 years) is nearly three times higher than all other age groups.<\/p>\n Insurance companies take this statistic pretty seriously for teen car insurance<\/a>.<\/p>\n It\u2019s no surprise that adding your teen to your existing insurance policy increases your annual premiums. But did you know it could at times your car premiums could nearly double if you add your teen?<\/p>\n According to the fourth Quadrant Information Services study<\/a>, the economic impact of adding a teen to an existing auto insurance policy in a family could be staggering. It says adding a teen could affect the annual premiums differently based on your state.<\/p>\n According to the study, US families who add a teen driver to their existing auto insurance policy could see an average annual premium increase of 80 percent.<\/p>\nHow much does it cost to insure a teen driver?<\/h2>\n