Teen Drivers Cause Your Premiums to Rise

The San Antonion Business Journal reported today that teen drivers drive up their parents' auto insurance premiums by 71% (see article here).  However, it was noted that this is still below the national average of 84%.  

But this pales in comparison to the fines & penalties imposed on drivers cited for driving without insurance.  In Illinois, for example, the Department of Motor Vehicles say on their website that common penalties include:

  • Having your driver’s license suspended.
  • Having your vehicle registration suspended.
  • Receiving a traffic ticket for a no insurance violation. This is in addition to the traffic ticket(s) you receive for the original reason you were pulled over. Depending on the officer and where you receive the ticket, you might be able to have the ticket dismissed if you can show proof of insurance within a certain time period following the date of the citation; however, this generally only applies if you really did have coverage at the time of the traffic stop and just happened?for whatever reason?to not have your insurance card with you.
  • Meeting SR-22 requirements. Some states might only impose this if you cause an accident while driving without insurance; others may impose it simply for driving uninsured.
  • Hefty fines. In addition to meeting other requirements, you’ll have to pay to have your license and registration reinstated. Plus, you’ll have to cover the traffic ticket fines.
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Chris Albu is the sales manager for QuotePro, the company known for its industry-leading comparative rater that affords insurance agents the ability  to shop for the best rates for a family's auto insurance needs. "QuotePro's comparative rater was designed to address this very problem.  

Insurance companies have rates that wildly vary so having the ability to shop several carriers at once carries an obvious advantage.  We are arming agencies with the ability to save famillies hundreds of dollars each year by streamlining the quoting process.  

This allows our partner agencies the ability to offer the best rate available to each customer everyday."

Google By Brian Marquis

posted on Monday, March 24, 2014