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

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

  • The frequency of violations is highest for millennials and has been increasing over time.
  • Millennials receive the most distracted driving violations of any generation and the rate of increase is 1.8 times higher than Generation X and 2.4 times higher than boomers.
  • Millennials average more driving miles than any other generation (13,725 miles annually), which is 3 percent higher than Gen X and 8 percent higher than boomers.
  • Millennials have the highest percentage of higher risk vehicles.
  • Millennials have the highest percentage of only having liability coverage (37 percent).
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Wisdom with age

However, the study also found that as millennials reach their early 30s, they perform as well — if not better — than Gen X drivers of the same age. Additionally, fewer millennials have collections as a percentage of credit active consumers compared to Gen X, says TransUnion.

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