Expect Higher Premiums
For nearly all families, the biggest issue is the money. Almost without fail, a teenage driver will add significant cost to the family auto insurance.
The reason? Insurers base their auto rates on how likely a driver will get into a crash, and statistics show that young, inexperienced drivers account for a disproportionate share of crashes. When fatal crashes alone are examined, drivers between the ages of 16 and 17 are three times more likely to be killed in a traffic crash than people between the ages of 25 and 64, according to the National Safety Council.
Gender continues to play a role in those insurance rates, too, since teenage males are viewed as greater driving risks than are teenage females. Hunter noted a family's auto insurance rate might nearly double when a teenage girl is added to the policy, but it could triple if a teen boy is added.
You also will want to seek guidance if your teen splits time between your household and an ex-spouse's household. In some cases, the teen may wind up being listed only on the policy of the parent who has custody.
If you think insurance costs are high when your teen begins driving, just wait and see how quickly they climb if your teen starts to collect tickets and get into crashes.
CALL INSURANCE CENTER CENTRAL FLORIDA TODAY and let us guide you and help save you money and stress!
CALL 888-363-4706 or log on to: http://www.theinsurancecenter.us/
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