Young Driver Auto Insurance Cost For 18 Year Old Male Driver
Reader’s Question:
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.
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.
Loading ...