Having a teenage driver in your household can make for anxious times. It can also be rather costly when it comes to your auto insurance. If you want to get a good idea of what your teenager’s monthly auto insurance premiums will be, the following are a few factors you will have to consider.
The younger the driver, the less experience they will have. New drivers need to spend time behind the wheel so they can begin to learn how to react to different experiences. During the first two or three years that a young driver has their license, you can expect to pay higher monthly premiums. As the teen matures, their monthly premiums may begin to drop as they near the age of 18.
Studies have shown that male drivers tend to be a bit more reckless than female drivers. This is especially true when it comes to teen drivers. The mortality rate for female teens is almost half of that of teen males. So, if you have a female teen, you can expect to pay less.
Teen boys and girls can both take advantage of good student discounts if they can keep their grades up. Students who earn good grades are thought to be more responsible. Students who tend to be more responsible in school are presumed to be more responsible when they are behind the wheel of a car. Higher grades will also make students eligible for good student discounts that can cut the cost of their monthly auto insurance premiums.
If your teenager is getting ready to start driving for the first time, you will want to learn as much as possible about how they will affect your auto insurance policy. Contact the agents at Steve Wilk Insurance Agency, Inc. to find out more. You can also visit our new office at 310 S Main Street, Suite C, Lombard, IL 60148.