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.”