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.
Young Driver Car Insurance Rates in Georgia
Reader’s Question:
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.
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