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Teenage drivers who have no driving record will have higher car insurance premiums. However, young drivers are often offered discounts if they undertake further driver training on recognized courses, such as the Pass Plus scheme in the UK, or if they install a telematics device to monitor their driving style. In the US many insurers offer a ...
Adding a teen driver to your car insurance policy will likely increase your rate. A recent Bankrate study on cheap car insurance for teens found that 16-year-old drivers faced some of the most ...
8 factors that determine car insurance rates for new drivers. When considering car insurance, keep in mind that companies have varied factors for determining rates. Two important factors are your ...
The automobile insurance industry generally supports graduated licensing. However, some youth rights advocates have accused insurance companies of charging premiums to new and young drivers in GDL jurisdictions that are not substantially less than premiums in non-GDL jurisdictions, even though graduated licensing supposedly reduces the risk of accidents.
Marmalade is a UK-based insurance company whose main business is car insurance for young people. The company uses telematics, a satellite technology that monitors the use of the car the company is insuring. This monitors the way the car is driven, when is driven and sends the information back to Marmalade.
On average, an 18-year-old on their own policy pays $6,488 per year for full coverage car insurance, which is 180 percent more than a 40-year-old driver with the same level of coverage. Young ...
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