Congratulations, your child just passed the driving test and is now recognized by the state. However, one thing that requires him or her to get on the road is automobile insurance. However, many are wondering does your insurance rates go up when you insure your teen.
Do Teenage Drivers Increase Car Insurance Rates?
Unfortunately, the answer is yes. It is because you are covering for another driver and the fact that, it is an inexperienced driver increase it more.
In many states, the rates are typically based on the following factors for a young driver:
- Gender: According to the Centers for Disease Control and Prevention (CDC), young males’ death rates are doubled of young females.
- Category of Vehicle: If you own a luxury vehicle, you are expected to pay more, especially if it’s a young driver.
- Primary Driver: If the ownership of the vehicle belongs to the teen, it will cost more because the teen has gone from occasional operator to primary operator
3 Ways to Ask for Discounts
Although the insurance rate is going up, yet, you can reduce the impact by getting a discount in these 3 ways.
- Receiving an education in a driving school
- Getting a grade of B or higher can prove to insurance companies that you are a good student
- Attending a school 100 miles or away from home