Cincinnati parents, are you ready for a good dose of insurance sticker shock?
The big day arrives at last, your teenage son or daughter passes their driving test with flying colors and the end of Mom and Dad’s taxi service is finally in site. But wait there is only one small detail left, call the insurance agent to make sure your new driver is added to the car insurance policy just in case…
Several weeks later as you open your insurance invoice a look of unbelief crosses your face. Surely this bill can’t be right, it can’t cost that much money to insure my teenage driver can it?
Car insurance for teenage drivers in Cincinnati is expensive. Some parents have found their premiums double or even tripple when adding a teen driver to their car policy. (If your rates have doubled click here)
The reason why rates are so expensive for teen drivers is due to the fact that younger drivers have a disproportionately higher percentage of accidents, compared to older drivers. For instance:
What these statistics mean to you is a big fat rate increase from your insurance company when you add your teen driver to your car insurance policy.
However there are certain steps that you can take to limit massive premium increases and we will discuss those in future articles.