Why are insurance premium rates for teenagers so high?
Immaturity and lack of driving experience are the main reasons. Compared with older drivers, teenagers as a group are more willing to take risks and less likely to use safety belts. They also are more likely than older drivers to underestimate the dangers associated with hazardous situations and less able to cope with such dangers.
Teenage drivers have very high auto insurance rates of both fatal and nonfatal crashes compared with drivers of other ages.
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