Online Vehicle Insurance – The Cost of Auto Insurance for Teens
Once a teenager becomes licensed and is ready to jump behind the wheel they will quickly realize that the cost of car insurance rates for these young enthusiastic motorists can be sky high and parents are already well aware of this fact and may be dreading the day their child gets their driver’s license. Although coverage can be expensive, the fact of the matter is that in order for teens sit behind the wheel they must be insured to drive legally.
There are many reasons why the cost of auto insurance for teens can be exorbitant and it is mainly because of the likelihood a youth will be involved in a collision. The chances of a teenage driver’s involvement in a traffic accident is very high and the statistics are quite frightening. According to the Wisconsin Office of the Commissioner of Insurance, young drivers are more likely to be involved in an accident than any other age group and for two out of every teen killed in a crash, it is their first and last accident. In addition, one teen is killed in collision every week and that is just in Wisconsin; due to these staggering numbers, insurers must raise rates for youths to cover the risk of paying out claims. While reducing the cost of coverage is important in order to make policies affordable, teenagers need to be better equipped to handle an automobile in order to stay safe behind the wheel.