Reducing Insurance Premiums for Young Drivers

Reducing Insurance Premiums for Young Drivers Why inexperienced teen drivers face the highest auto insurance rates • Insurance base their auto rates on how likely a driver will get into a crash • Statistics show that young inexperienced drivers account for a disproportionate share of crashes 1 CAR CRASH cause of teen deaths in the US US population First 6 months of getting their driver's license Age: 15-24 14% Highest chance of having a fatal crash Total cost of motor vehicle injuries: $7 Teenagers Billion $19 Billion By ages 15 to 17: $34 MILLION Ages 16 to 19 (2010 car crashes) RIP E,109 282,00 DAMAGES CAUSED (2006 car crashes) Deaths Injured DURING FATAL CRASH 19% of all ages Involved in passenger deaths 63% teens Not using seat belts 55% teens Speeding 37% male teen drivers Teen Car Crash Risk Factors Gender: MALES 2x prone to car crash deaths than females Driving in hazardous weather Poor ability to detect hazards Ignoring traffic lights and signs Poor ability to assess risks Over confidence Speeding Tailgating Developing skills Passengers Distractions Pressure to perform Encouragement to break traffic rules Driving at night Money saving strategies in buying car insurance for teenagers Do well in school Be a good, attentive and safe driver Strategies for parents • Limit the scope (before extending boundaries) • Limit the time average (Grade) 5-10 % Discount as much as Taking a driver's education course 15 % off Restrict passengers • While driving, NO Insurance bill Get a safe used car Brand new Expensive insurance cars Raise your deductible 3-4 y.o. good working order many safety features Ideal car Modern safety features: Anti-lock brakes Airbags Stability controls Discounted premiums Lower Higher Deductible Premium References: .. http://drivesteady.com/teen-driving-statistics http://www.carsdirect.com/car-safety/does-defensive-driv- •• ing-school-reduce-insurance-premiums http://www.howstuffworks.com/personal-finance/auto-insur- ance/5-tips-for-buying-car-insurance-for-teenagers.htm#page%3D5 http://www.teendriversource.org/stats/reséarcher/detail/57 CHEAP CAR INSURANCE AUTO http://cheapcarinsuranceauto.com/ http:/ww.dc.gov/motorvehidesalety/teen driversiteendrivers, factsheethtmi Reducing Insurance Premiums for Young Drivers Why inexperienced teen drivers face the highest auto insurance rates • Insurance base their auto rates on how likely a driver will get into a crash • Statistics show that young inexperienced drivers account for a disproportionate share of crashes 1 CAR CRASH cause of teen deaths in the US US population First 6 months of getting their driver's license Age: 15-24 14% Highest chance of having a fatal crash Total cost of motor vehicle injuries: $7 Teenagers Billion $19 Billion By ages 15 to 17: $34 MILLION Ages 16 to 19 (2010 car crashes) RIP E,109 282,00 DAMAGES CAUSED (2006 car crashes) Deaths Injured DURING FATAL CRASH 19% of all ages Involved in passenger deaths 63% teens Not using seat belts 55% teens Speeding 37% male teen drivers Teen Car Crash Risk Factors Gender: MALES 2x prone to car crash deaths than females Driving in hazardous weather Poor ability to detect hazards Ignoring traffic lights and signs Poor ability to assess risks Over confidence Speeding Tailgating Developing skills Passengers Distractions Pressure to perform Encouragement to break traffic rules Driving at night Money saving strategies in buying car insurance for teenagers Do well in school Be a good, attentive and safe driver Strategies for parents • Limit the scope (before extending boundaries) • Limit the time average (Grade) 5-10 % Discount as much as Taking a driver's education course 15 % off Restrict passengers • While driving, NO Insurance bill Get a safe used car Brand new Expensive insurance cars Raise your deductible 3-4 y.o. good working order many safety features Ideal car Modern safety features: Anti-lock brakes Airbags Stability controls Discounted premiums Lower Higher Deductible Premium References: .. http://drivesteady.com/teen-driving-statistics http://www.carsdirect.com/car-safety/does-defensive-driv- •• ing-school-reduce-insurance-premiums http://www.howstuffworks.com/personal-finance/auto-insur- ance/5-tips-for-buying-car-insurance-for-teenagers.htm#page%3D5 http://www.teendriversource.org/stats/reséarcher/detail/57 CHEAP CAR INSURANCE AUTO http://cheapcarinsuranceauto.com/ http:/ww.dc.gov/motorvehidesalety/teen driversiteendrivers, factsheethtmi