Why Florida Teens Have Such High Auto Insurance Rates

teen leaning out of her car's driver side window, teen auto insurance costs

Why Florida Teens Have Such High Auto Insurance Rates

Find out why teen drivers are so pricey to insure.

When your teen finally gets their drivers license, it’s time to start searching for the right auto insurance coverage for them.  Unfortunately, as you shop around, you might find that many insurance providers are unwilling to offer coverage for young drivers.  As a result, you may have to rely on Florida high risk auto insurance.  Because this coverage tends to be more expensive than standard car insurance policies, many parents are unhappy with this option and wonder why their teen cannot access lower rates.  Here’s why teen drivers are so expensive to insure.

  • Teens and Standard Auto Insurance

As a general rule, insurers tend to charge more for teen drivers.  This is because young drivers tend to be the group with the highest accident rates and the most cases of reckless driving.  In 2011, drivers aged 15-20 accounted for 10% of all drivers involved in fatal crashes and 13% of all drivers involved in police-reported incidents.  Because insurance providers see teens as a higher risk to insure, they will charge more for coverage or refuse to issue policies altogether.

  • Teens and High Risk Auto Insurance

If your teen is unable to secure coverage from standard auto insurers, then they may have no choice but to look at high risk auto insurance.  These types of policies are reserved for drivers who are considered too high risk for normal car coverage.  Fortunately, if your teen driver maintains a clean driving record and demonstrates their ability to be a safe and responsible driver, then they will soon be able to access standard auto coverages at an affordable rate.

  • Saving on Auto Insurance for Teens

The best way to save on your teen’s auto coverage is by adding them to your existing car insurance policy.  Please keep in mind that you can also do this if your teen is driving a family car; if they own their own car, then they may be forced to secure their own insurance.  While adding a teen driver to your policy will cause your premiums to increase, this additional cost will still be lower than the cost of securing your teen a separate auto policy.

This is what you need to know about insuring your teen driver.  Do you have questions about standard or Florida high risk auto insurance?  If so, then contact the experts at Staybull Insurance.  We are ready to assist you with all your car coverage needs today.

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