(WTVM) – We all know teen drivers can have a lead foot and are not as experienced as other drivers on the roads, but they can also drive up the cost of insurance premiums for their parents.
According to a new study released today, teen drivers nearly double the cost of their parents' insurance premiums. The average married couple pays 80 percent more for car insurance when adding a teenage driver to their policy.
Teenage boys are much more expensive to insure than teenage girls (a 92 percent increase as compared to a 67 percent increase). Speaking of teenage years, 16-year olds are the most expensive age to insure.
Insurance rates can fluctuate depending on what state you live in. The most expensive state to insure a teen driver is New Hampshire, where the average premium jumps 115 percent. In Georgia and Alabama, that rate jumps about 85 percent.
Despite these numbers, the cost of insuring a teen driver has actually fallen since 2013 when the average annual increase for teen drivers was at 85 percent.
Statistics from The National Highway Traffic Safety Administration show that car crashes are the leading cause of death for teens, accounting for one-third of all deaths.