Teen Car Insurance Cost Overland Park Kansas KS

Reader’s Question:

I will be adding my teen daughter soon under my insurance policy. I know it will be very costly for me as what I heard from my friends. My question is, why do auto insurance rates go up when adding teens? Does this happen everywhere or just here in Overland Park, Kansas?

Celina

Overland Park, KS

Adding a teen under your policy only means one thing – higher premium. And sadly this does not only happen in Overland Park, KS but is happening everywhere.

In general, auto insurance companies set their insurance rates based on the data gathered for teens driving performance. According to studies, teens have more accidents as compared to adult drivers.

Following are the facts regarding teen driving performance gathered by Insurance Institute for Highway Safety (IIHS), Insurance Information Institute (III) and National Highway Traffic Safety Administration (NHTSA):

• Teen drivers fatality rate are higher by four times when compared to drivers between the ages of 25 – 69 years old;
• The rate of insurance claim for teen drivers are higher by two times as compared to adult drivers;
• Vehicle damage losses for teens are more than twice as high as compared to any other age groups;
• 3,490 drivers between ages 16-20 years died in 2006 as a result of car crashes;
• 58% of teen passengers killed in vehicle accidents in 2006 were not wearing seatbelts

Given these statistics, it is without a doubt that teens are high risk to be insured, so it’s understandable that insurance companies will charge you for higher rates if you have added a teen under your policy. You can shop for insurance companies online to compare insurance quotes in Overland Park, Kansas. You can also check online for things that would lower your premium even after adding a teen daughter.

Tags: auto insurance, teen insurance, Young driver car insurance