Are you guilty of these dangerous homeowner mistakes?
According to the Department of Transportation, more than 40 percent of young adults age 19 and younger are licensed and on the road. These teen drivers face crash rates nearly three times higherthan those of drivers 20 years of age and older, and those rates climb even higher at night and when teen passengers are present. Statistics like these help explain why younger drivers can be more expensive to insure.
If you’re looking for ways to offset the increase in annual premiums after adding a teen driver, take note of these possible cost-saving measures.
Still, insuring a teen driver isn’t all about cost. Most parents are also concerned about their child’s well-being on the road. Keep safety in mind when car shopping, and check out the used vehicle recommendations from trusted sources like Consumer Reports.
Require additional safety measures? Investigate technology like monitoring devices that let you supervise your child’s speed and location or cell phone signal blockers that prevent calls and texts while the car is in motion.