Millennials in their early 20s tend to be risker drivers thanprevious generations at the same point in their lives, according toa new report from credit reporting agency TransUnion.

The “TransUnion Insurance Millennial Study” examinedTransUnion's proprietary driving history records, distracteddriving information and vehicle history information and found:

  • The frequency of violations is highest for millennials and hasbeen increasing over time.
  • Millennials receive the most distracted driving violations ofany generation and the rate of increase is 1.8 times higher thanGeneration X and 2.4 times higher than boomers.
  • Millennials average more driving miles than any othergeneration (13,725 miles annually), which is 3 percent higher thanGen X and 8 percent higher than boomers.
  • Millennials have the highest percentage of higher riskvehicles.
  • Millennials have the highest percentage of only havingliability coverage (37 percent).

Wisdom with age

However, the study also found that as millennials reach theirearly 30s, they perform as well — if not better — than GenX drivers of the same age. Additionally, fewer millennials havecollections as a percentage of credit active consumers compared toGen X, says TransUnion.

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