Insurance can get expensive for youthful drivers in Florida but we are here to help. We are an independent insurance agency that provides insurance all across that State of Florida for individuals that are considered to be high risk. In this post you will learn why insurance rates for young drivers are can be so high. If you are having a hard time finding reasonable insurance rates for your young drivers please feel free to give us a call.
Why are insurance rates so high for young drivers in Florida?
Simply put young drivers are considered high risk. The insurance companies know that about 90% of the time your child will get into an accident sometime during the first couple of years he or she is driving. This is normal, most of us had a little fender bender when we were young. Sometimes a little fender bender is exactly what is needed to teach kids a valuable lesson to drive safe. So since the insurance companies are 90% certain they are going to pay out a claim on your policy in the next three years, they charge you a higher rate. These rates can be escalated if your child has a speeding ticket or accident. Insurance companies will increase your rate more if your child gets a ticket versus you getting a ticket because they are in a higher risk rating category. It is important to make sure that your child understands that driving safe should be a priority. Just like you tell them drugs are bad, you should start this at a young age. It is something that they should always think about. We have seen many young drivers ruin their record in such a short time and then they are unable to drive because it is too expensive. Your location will also play a big part in your insurance rate. The insurance companies think that if you are in a bigger city, your young driver is more likely to get into an accident.
Insurance for young drivers Q&A
How much does insurance cost for a young driver in Florida? Insurance rates are determined by many factors including age, sex, location, credit and claims history. Insurance rates vary greatly from person to person.
What should I do if my insurance went up when I put my child on my policy? It is important to shop around if this happens to you. One insurance company might have a great rate for you while another might have a better rate for you and your child. Insurance companies target different types of risks based on many diffrent rating factors. Some insurance companies also have better rates in certain areas but higher rates in others. Insurance rates are also always changing based on losses and risk factors in your area.
What can I do to get my insurance rate down? It is always best to start your child off with a vehicle that is paid off as you are not required to carry comprehensive and collision coverage. This coverage can be expensive for young drivers. It also might be better for their first car not to be worth much as they will likely get into an accident at some point while they are young. This vehicle should be something that you would not be to upset over if there were a loss.
Why choose Staybull for your insurance?
Statewide coverage – We have five locations throughout the state and can provide insurance not matter where you live via the internet. Our agency utilizes the latest technology so you can request a quote and purchase your insurance from any computer or smartphone.
Customer service – Our agency strives to provide the best customer service in the industry. We understand that our jobs depend on keeping our clients happy.
Our carriers – We write insurance from many major Florida insurance companies like Progressive, Foremost, Dairyland, Infinity, Gainsco and more!
Florida owned and operated – When you call us, you can be sure that you are speaking to someone located in Florida.