Recent Study on Car Insurance for Teenagers

A recent study just released by the Insurance Institute for Highway Safety shows that teenage drivers are being more careful while driving their automobile. However, just because their crash rates have dropped doesn’t necessarily mean that car insurance for teenagers rates will drop anytime soon. Even though they did drop, the teenage crash rate is still remains much higher than adult crash rates. Since states began utilizing a graduated licensing approach, these fatal crash rates fell 26 percent from 1993 to 2003 for 16 year old teenage drivers. In fact, here’s what the latest numbers show sor both fatal and police reported crashes per population between 1996 and 2005:

• down 40 percent for 16 year-olds
• down 25 percent for 17 year-olds
• down 15-19 percent for 18 year-olds

Eventhough the numbers show a fairly sharp decrease in teenage car accidents, it does still determine that teenage drivers pose the greatest risk not only to other people on the road, but to themselves as well. Because of this, car insurance for teenagers is not cheap. Yes you can find some deals and discounts and it’s our plan to highlight some of those here, but more importantly to help you actually plan for your teenager and their upcoming driving years.

A big chunk of change in a policy on car insurance for teenagers deals with what that person my be driving. Some auto’s are rated a lot safer than others and will be more affordable when getting car insurance than others. As a parent, you understand that getting a car that’s safe for your teenager is important, but there are a lot of teenage drivers on the road today simply driving cars with inferior protection. Midsize, large cars or minivans are types of cars generally considered safer. If you already own one of these types of cars, why not let the teenager have it and get yourself a newer vehicle. Mini-cars, small cars, sports cars, pickup-trucks and SUV’s are generally vehicles that aren’t recommended for teen drivers and will overall carry a higher premium when it comes to car insurance for teenagers.

These are some very good things to take note of when you are getting ready to purchase teen car insurance. But we’ll get more into cars and statistics in later articles here on New Car Insurance for Teenagers in the near future. Thanks for stopping by and if there is something in particular that you are looking for feel free to let us know.