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Parents of newly-minted teen drivers know their youngsters need car insurance before hitting the road, but it's not necessarily cost-effective to simply add another driver to the family auto insurance policy.
According to CNET, which recently surveyed available insurance benefits and discounts for new teen drivers, adding a teenager to a family car insurance policy can drive up premiums as much as 140%. Rates could be even steeper if that teenager has an auto accident, and that pricey coverage could last until the new driver is roughly 20 years ago.
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