7. How much will my rates go up if my teen crashes or gets tickets?
"You should expect a 20 percent to 40 percent increase in your rate after that first accident or ticket," Lehman says. "Not just because of the incident itself, but also because you may lose any good driver discount you may have had."
Insurers have good reasons for charging more for teen drivers. A study by the Governors Highway Safety Association found that teen driver deaths were on the rise in 2011. To minimize the risk of crashes, stress to your teen the importance of avoiding distractions, like texting or talking to friends while driving.
Pages in this slideshow:
- Top reader questions about insurance for teen drivers
- 1. When do I have to add my teen to my insurance -- when he or she gets a learner's permit, or a driver's license?
- 2. Can my insurance company force me to add my teen to my policy even though I don't allow him or her to drive yet?
- 3. Is it cheaper to put my teen on his or her own policy, or on the family policy?
- 4. If my teen isn't on my insurance and crashes the car, is the damage covered?
- 5. When do auto insurance rates for teens start to go down?
- 6. How can I minimize the insurance costs of a teen driver?
- 7. How much will my rates go up if my teen crashes or gets tickets?
- 8. Will the type of car my teen driver uses affect my premiums?