My teen is starting to drive and I would like to know if there is any way to keep her car insurance rates low here in Michigan.

Jenny

Detroit MI

Auto insurance can be a major part of each family year’s budget. Decreasing insurance premiums can be one of the best ways for families to improve their budget. Families should focus on factors they have control over in order to decrease auto insurance premiums.

Driving record is the most important factor. A teen driver’s short driving history can affect the affordability of car insurance for teens. If a teen’s driving record has tickets or claims, his auto insurance rates can increase drastically. As such, parents should set example to their children that by doing defensive driving actually saves money. The teens look up to their parents even the way they drive and their habits when driving. As such, this affects how a teen will actually drive come future time.

One great activity the family can participate in that can also earn a discount is to take a safe driving course as a family. Most insurance companies offer discounts to drivers that take an approved safe driving course.

I am an 18 year old male driver in Florida and I would like to know if my auto insurance cost decrease since I am legally an adult now?

Jack

Largo, FL

No, it is unlikely that you being 18 years old will decrease your auto insurance cost. Though you are technically an adult you still have only a few years of driving experience and therefore a high risk to an insurance carrier.

Typically auto Insurance rates for young drivers go down once you turn twenty five years of age. Some insurance carriers in Largo, Florida may lower rates at an earlier age, such as twenty one, but normally twenty five is the age at which rates decrease since that is when motorists tend to mature and become less of a risk statistically.

Generally car insurance premiums do tend to be lowered once a motorist has turned the age of twenty five. Young drivers, those under twenty five years of age, are more prone to crash due to inexperience at driving and immaturity. Statistically speaking, risk assessors have determined that those twenty five or older tend to be their risk of at-fault accidents decreases.

You may speak with your insurance agent about what your insurance carrier’s guidelines are regarding insurance discounts and also about their rating system as it is related to how old you are and how long you have of driving experience.

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.

I am just wondering why my teenagers auto insurance rates are so high in Georgia?

Samuel

Albany, GA

Auto insurance rates in Georgia are based on statistics. According to statistics show that teens have more incident of crashes. Young drivers have very high rates of both nonfatal and fatal crashes compared with drivers of other ages.

There are newer approaches now such as Canada’s graduated driver licensing that are being enacted to try to reduce teenage crashes and the injuries and deaths they cause.

Teens have more crashes in vehicles whether the rates are based on the total number of teenagers, on miles driven or on the number with licenses. Both miles driven per license holder and license rates are lower among 16-19 year-olds than among drivers age twenty and older (as a group), so when crash involvement is based on the number of licensed motorists instead of total population, the fatality rate of young drivers is even more extreme compared with mature drivers.