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 Why Do Teens Cost So Much More to Insure?

Auto insurance is expensive for teenage drivers due to their high accident rates.
Motor vehicle crashes are the leading cause of death for US teens. 
Young drivers aged 16 to 24 represent only small % of the US population but account for more than 28% of the total costs of vehicle injuries.
Teen drivers aged 16 to 19 are four times more likely than older drivers to be involved in an accident.
Death rate for young male drivers and their passengers is almost twice as high as that of young female drivers and thier passengers.
Teenage male drivers are more likely to underestimate and not recognize dangerous situations and not wear a seat belt.

 How to Lower Your Car Insurance

Notify Cloverleaf Insurance 1-800-530-5822 and discuss your options when it's time for your teen to learn to drive. Do not let your teen drive until you are confident you have inforce car insurance. 

Some items to consider:

      List your teen as an "occasional" driver and you may save up to 30%. Typically, the occasional driver cannot use the car more than 25% of the total time it is driven. You will probably also need to ensure you have fewer vehicles than licensed drivers on your policy.

      You may be eligible for a significant resident or distant student discount if the school is more than 100 miles from your home and he or she won't normally be driving. Be sure that your auto insurance policy will still cover your child if they happen to borrow a friend's car while at college. 

      Insuring your teen to drive a brand new vehicle is likely to cost much more than a 10 year old car due to the difference in potential repair costs. However, some car insurance companies will not give you the option, and the insurance company will assign your teen automatically to the vehicle on the policy with the greatest premium cost. Talk to your Cloverleaf Insurance agent to determine their methodology for multiple vehicles.

      Many insurance companies give discounts for insured students who maintain good grades thus lowering your insurance premiums.
     Teens should be told just how much it costs to insure them so they can appreciate the importance of driving responsibly and avoiding accidents.

 Encourage Safe Driving

Through driver education, better roads, increased vehicle safety and regulation, teen car insurance fatalities have declined significantly over the past few decades even though the population has increased. 

Some rules for your teenage driver. Place limits on the number of passengers they are permitted to have, impose a night-time driving curfew, for example, no driving after 10pm, do not allow any texting or talking on the phone while driving and limit your teen to local roads and do not allow them to drive on the freeway until they become more experienced at driving.

Preventing your child from driving is unrealistic, and is simply delaying the inevitable in that they will most likely need to learn to drive at some point. Instead, you should continue to encourage your teen to develop safe driving habits and increased hazard awareness.

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