Insurance Institute of Michigan
November 19, 2018

Young Driver Statistics

Accidents by Age Chart

Younger Drivers More Likely To Crash

Younger drivers are nearly two times more likely to be involved in a traffic accident than older motorists, according to statistics recently released by the Michigan State Police and compiled by the Insurance Institute of Michigan (IIM).

Statistics also indicate that young driver crashes tend to be more deadly.  About 12 percent of drivers aged 16-24 are involved in a traffic accident each year.  By comparison, only 5 percent of 55 to 64-year-olds are involved in a roadway crash annually.  Younger drivers also have a greater involvement in fatal accidents than other age groups.  Younger motorists continue to have more accidents and more costly accidents. 

That’s the reason they pay more for car insurance.  The higher price is a reflection of higher insurance pay out.  A younger person who is the principal driver of a motor vehicle typically pays 40 to 200 percent more for coverage than older drivers.  This surcharge is reduced as the driver grows older.

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