4 Reasons Your Car Insurance Premiums Increase When Adding a Teenage Driver

4 Reasons Your Car Insurance Premiums Increase When Adding a Teenage Driver

4 Reasons Your Car Insurance Premiums Increase When Adding a Teenage DriverAre you adding a teenage driver to your car insurance policy? This is probably an exciting time for your teenage son or daughter, but keep in mind that adding a teenage driver to an auto insurance policy can drastically increase premiums. There are several reasons behind this. Read on to learn about them. In addition here is another resource to help you learn more about the average cost of putting a teenager behind the wheel. Here are 4 reasons your car insurance premiums increase when adding a teenage driver: 1. Teenage Drivers Are Considered High Risk Auto insurance companies usually see teenage drivers as potential problems to be dealt with in the future. This is because when it comes to calculating premiums, the amount of risk the driver presents matters a lot. And since teenagers as a whole tend to get involved in more accidents, auto insurance companies are not very eager to insure teenage drivers and hence charge high premiums to make it worth their risk. 2. Time Licensed Auto insurance companies don’t judge applicants based on individual performance, instead they use time licensed as the sole criteria in most cases and penalize teenagers from the start. Because of length of time licensed based insurance pricing, adding a teenage driver to a car insurance policy is costly. Adding a young driver automatically increases premiums as opposed to adding someone who has more time licensed. 3. Immaturity and Lack of Driving Experience Most experts agree that lack of driving experience as well as immaturity are the two primary factors that cause teenage drivers to have higher accident rates. Since they are new drivers, teenagers often fail to recognize risky situations and hence respond inappropriately. Apart from their inability to appropriately recognize hazardous situations and their immaturity, they also face many risk factors that increase their likelihood of getting into accidents. 4. Impulsive and Reckless Behavior Impulsive or reckless behaviors are often accurate ways to describe the true nature of teenage years. Many studies suggest that the human brain is not fully developed in the teenage years and it is still evolving. So, what does that mean for teenage drivers? Well, it leads to them making irrational decisions and being more reactive while driving as compared to older and more experienced drivers. Apart from this, teenage drivers are also more likely to engage in risky activities such as tailgating and speeding. These factors help contribute to increased auto insurance premiums. The Bottom Line Adding a teenage driver can cause your car insurance premiums to increase because they add more risk. But while the auto insurance premiums are likely to increase, there are ways to lower the rates for teenage drivers. Defensive driver training programs and driver training classes may help reduce rates. High school and College students who secure and maintain good GPA 3.0 are also sometimes rewarded with lower rates as they demonstrate responsible behavior that may reflect responsibility behind the wheel. Last but not least, choosing an auto insurance coverage with lower liability limits, and higher deductibles are additional ways to save on premiums. Every auto insurance company offers their own unique discounts, so you should consider asking what they are and take advantage of as many as possible. home insurance agent temecula 1Carver Insurance Services, Inc. is a local insurance agency that has been serving residents and small businesses in Murrieta, Temecula, and surrounding areas since 2004. Started by Diana Carver; a second generation insurance broker with over 25 years experience, when after working for several insurance brokerages, Diana felt the need for a brokerage that was efficient and progressive, while still keeping that “hometown” feeling. Carver Insurance Services, Inc.’s goal is to help you determine what insurance needs you have, meet those needs, and then help you prepare to meet future goals. The Carver Insurance Services, Inc. Family and its agents would love for you to stop by one of their two convenient locations for a free insurance quote or just to say, “Hello!” If you are looking to learn more, then click the link to visit our twitter page for more insurance quotes. For more information, give Carver Insurance Services, Inc. a call today to talk to a friendly, helpful agent. 951-677-9600 Car Insurance For Temecula Teen Drivers Carver Insurance Services, Inc.-Temecula 33321 Temecula Parkway suite #102, Temecula, 92592 951-676-0540  

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