Teen Drivers Can Wreck Insurance Premiums

Jan 13, 2007 Jan. 14--You've just gotten over that queasy feeling after giving the car keys to your newly minted teenage driver, then you get the punch to the gut: Your insurance bill arrives. On average, parents can expect their auto premiums to double when adding a teenage son to their policy and jump 50 percent or more when adding a teen daughter, according to the Insurance Information Institute. "Sixteen-year-olds are especially dangerous drivers," said insurance institute Vice President Carolyn Gorman.....

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