HOW TO CUT INSURANCE COSTS FOR TEENS

| March 14, 2019

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If you're about to add a teen driver to your policy, you're probably thinking not only about your teen's safety, but also what that means to your family budget. And your concern is justified! In every state, across every insurance company, rates for teens are considerably higher than for older drivers. They reflect teens' crash rates per mile driven – which are four times higher, according to the Centers for Disease Control. Add to that, both Washington and Oregon rank roughly in the top third of states with the highest premiums for adding teens to a policy. (Western states, in general, are higher because of their open spaces and rural highways that invite higher speeds and more severe crashes). But the good news is, there are things you can do to trim your bill, and PEMCO can help with the first two: RAISE YOUR COMPREHENSIVE AND COLLISION DEDUCTIBLES to at least $1,000 if your finances could absorb the costs of a relatively small claim. You can consider dropping the coverage entirely on older cars that are worth little more than the deductible. Ask us, and we can run the numbers for you as you consider options.

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Adamjee Insurance Company Limited

Adamjee Insurance Company Limited (AICL) is a general insurance giant, incorporated as a Public Limited Company on September 28, 1960. AICL, one of the leading insurance companies in Pakistan, has a regional presence in United Arab Emirates (UAE) and maintains its standing through an unwavering commitment to its corporate philosophy.

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