Teen Driver Car Insurance Rates With MIP
Reader’s Question:
How much will auto insurance go up if a teenager, 17 years old gets an MIP in Michigan?
Bill
Dearborn, MI
If you are a 17 year old that is cited for being a Minor in Possession (MIP) in Michigan it will likely your increase your car insurance rates. How much the auto insurance rate will go up depends on the factors your insurance provider uses. Auto insurance for drivers under the age of 25 or teenagers are already consider inexperience and therefore a higher risk. With a MIP offense the risk factor is likely to go up.
There is no specific insurance rate increase that can be generalized or stated for all insurance carriers. Each insurance carrier is required to file their car insurance rates and rules with your state regulatory body. So the best way to determine how much your auto insurance rates may rise is to talk to someone at your insurance carrier or contact the insurance regulator of your state to see what rates are filed with them for your insurance provider.
Cheap Teen Car Insurance in Chicago – Adding New Driver
Reader’s Question:
How much does your auto insurance rate go up when adding on a new teenage motorist in Chicago ? Can I get a range.
Elizabeth
Chicago, Illinois (IL)
Since teenagers that are newly licensed have such high rates of accidents that is why they cost more to insure than an experienced motorist who is more prone to avoid an accident than cause it.
The costs of adding a teenager in Chicago IL will depend upon your your geographical location, your current car insurance rates and your teen to name a few. For example if you reside in a congested area where your teen is more likely to be involved in an accident compared to a more suburban or rural area the insurance rate to insure your teenager will likely be higher.
Basically if you add a young driver in Chicago IL, it may cost $1200 to even $2500 a year. A 16 year old, on the average, can expect to pay 2.52 times the base rate for their car insurance. So if you as a parent of a teenager now pay $500 for a year of auto insurance, then adding a 16 year old newly licensed teen driver onto your policy could raise your insurance rates to (again on average) $1260 for a year of auto insurance.
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