An American Automobile Association (AAA) Mid-Atlantic survey found that teen driver accidents drain $30 billion from the pockets of Joe Q Public annually.

"All your life you watch them grow up and take care of them, and all of a sudden you're going to put them in a car by themselves and say ‘Alright, go ahead.’ So we're concerned about that," said Johnny Ely, father of a teen driver.

The AAA reports that motorist accidents in the United States cost the economy $164 billion annually. From accidents involving15 to 17-year-olds, the financial loss is $34.4 billion on an annual basis, said AAA’s Ragina Averella.

Costs were tabulated from expenses relating to medical care, lost wages, property damage and “quality of life” losses.

"Auto accidents are the leading cause of death for 15 to 20-year-olds," said the State of Maryland Transportation Secretary John Porcari. Because of statistics like this one, he supports extending the time for obtaining a learner's driving permit. “If teen drivers can spend more time with a parent or guardian on the road in a controlled situation, they will become more experienced drivers"

The AAA study shows that states with stricter driving and licensing laws have fewer incidents involving young drivers.

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