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.

Can school grades or enrolling in driving school help reduce insurance cost for my son’s car?

Michelle

St. Petersburg, FL

Yes.

Try to look for insurance companies that offer discounts to students who maintain a B average or higher. As much as 25% discount is usually granted for such. Also, substantial discounts are given by most insurance companies to teenagers who graduate from safe driving program or driver’s education class. So you might want to consider enrolling your son in a driving school if he will be a first time driver.