Is your teenager about to get a driving license? This worries so many parents because they fear they will have to pay excessive insurance costs, which is true. When a teenager is added onto an insurance policy, the rates rise by 20% at least. In some cases, the increase in rates is as much as 200%.
While you may believe you have ample car insurance, the cars on the road around you may not.
According to the Insurance Research Council (IRC), about 14 percent of drivers nationwide (roughly one in seven) are uninsured. That means that of the nearly 5.5 million car accidents in 2011, nearly 770,000 involved an uninsured driver.