5 innocent ways to drive up car insurance

Adding a teen to your policy
4 of 7

Teen drivers are more likely than other age groups to get into accidents and file claims. So, adding a newly licensed 16-year-old to your car insurance could cause your rate to climb, says Luedke.

With some research, policyholders can take steps to help make that rate increase as reasonable as possible, says Joel Ohman, a Certified Financial Planner in Tampa, Fla., and founder of

He suggests that policyholders shop around for an insurer that offers lower premiums for young drivers.

"Owners can also encourage their children to qualify for good-student discounts," he says.




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