Your teen has just gotten in their first accident backing up in a parking lot. Quickly they look around to see if anyone else had witnessed the accident and speed away.
They've committed a hit and run.
Little did they know, security cameras have caught the whole thing on tape and now they'll pay the price.
In Washington State, the fine is $5000 and/or a year in jail plus restitution (payment to the victim of the crime for bodily injuries and/or damages) and court costs and fines.
In addition, depending on the circumstances, there could be prison time, community service, court costs, attorney fees...
In all, you and your teen could be looking at thousands and thousands of dollars.
Showing posts with label cost. Show all posts
Showing posts with label cost. Show all posts
Wednesday, July 22, 2009
Thursday, June 25, 2009
Teen Crashes Cost $34 Billion Per Year
A study released by the American Auto Association (AAA) estimates that crashes involving drivers 15-17 years of age accounted for over $34 billion in 2006 alone.
The study stated that these teen drivers were involved in nearly a million crashes in 2006, injuring 406,427 people and killing 2,541. Fatality costs were estimated to cost $3.841 million in lost wages, lawsuits, emergency response crew wages, and medical expenses while injury accidents post an average of $50,512 per incident.
Washington State requires liability limits of at least $25,000/$50,000 for bodily injury and $10,000 for property damage. If you cause an accident that exceeds these limits you must pay the difference out of pocket.
With a newly licensed teen driver, we strongly suggest raising your limits...and maybe consider an umbrella policy which provides extra coverage to your home and auto in a single limit of insurance; usually $1 million or $2 million is common but some companies offer a limit of $5 million or more. Check back next week for more information on umbrella policies!
Thank you to ohmygov.com
The study stated that these teen drivers were involved in nearly a million crashes in 2006, injuring 406,427 people and killing 2,541. Fatality costs were estimated to cost $3.841 million in lost wages, lawsuits, emergency response crew wages, and medical expenses while injury accidents post an average of $50,512 per incident.
Washington State requires liability limits of at least $25,000/$50,000 for bodily injury and $10,000 for property damage. If you cause an accident that exceeds these limits you must pay the difference out of pocket.
With a newly licensed teen driver, we strongly suggest raising your limits...and maybe consider an umbrella policy which provides extra coverage to your home and auto in a single limit of insurance; usually $1 million or $2 million is common but some companies offer a limit of $5 million or more. Check back next week for more information on umbrella policies!
Thank you to ohmygov.com
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