Driving: No Longer a Teenage Dream?
Are the days of teenagers begging mom and dad to borrow the car, or even just get their licenses a thing of the past? That is what data is suggesting. Research released by the Highway Loss Data Institute (or HLDI) says that the younger generation may want to drive as much as their historical counterparts, but they just cannot afford to.
In its press release describing the study, HLDI makes mention of a separate study previously done by the Centers for Disease Control (or CDC), which also found a drop in teenage driving. The CDC research indicated that the percentage of high school seniors who had obtained a drivers license fell from 85 percent in 1996 to 73 percent in 2010.
HLDI claims its research confirms this decline. HLDI examined insurance policies, looking at the age of the rated driver — the driver most likely to “represent the greatest loss potential for the insured vehicle,” typically listed as teens if there are any — and saw a decline in teenage drivers. From 2006-2012, there was a 12 percent decrease in rated drivers aged 14-19.