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.

Why does my son’s car insurance charge more for his sports car than my work car, even though he drives much less than I do each year? We live in Florida.

Miami, Florida (FL)

Florida insurance companies normally dislike teenagers in flashy cars because such cars are so easy to drive recklessly compared to old and heavier cars. This results to a higher insurance rate increase for sports car than the increase for a slower, older, and cheaper model. Also, consumer might consider dropping comprehensive and collision coverage. The value of the car also impinges on the cost of insurance. The more expensive your car, the higher your insurance rate is. You have proven yourself as a better more reliable driver over the years and your rates will be lower because of that…and your work car is probably not in the same risk category as your sons car.  Fast cars and teen boys….means risk!  More risk, higher your rates.  Drive a Honda Civic….and get a daughter.