Reduce the Cost of Insuring Your Teen Driver

While most parents joyfully watch their children mature, they also dread the day that their teens start driving. Teen drivers cause the majority of accidents on roadways, which means that insurance companies charge more to cover them. On average, expect to see between a 79 and 100 percent increase in insurance premiums when you add on a teen. While parents should expect premium increases when adding teens to their policy, there are ways to reduce the cost.