Having a teenage or inexperienced licensed operator in your household statistically increases the risk category specific to your policy. This, in turn increases your insurance company’s exposure to loss. Therefore, transferring this increased risk from you to your insurance company typically increases your annual premium.
How much? Well, that depends on a combination of underwriting factors. When determining auto insurance rates for policyholders with inexperienced drivers, insurance companies will take into consideration exactly how long an individual has been driving and whether or not they have completed driver education or any other type of defensive driver training. Also, how often and or which vehicles on your policy they may be driving on a regular basis.
Discounts for inexperienced household operators include safe driver credits, low mileage, good student, student away, and a variety of approved driver education completion credits. We’re happy to review your specific questions at any time.
To avoid any possible gap in auto insurance protection, be sure to notify our office promptly when you have a newly licensed driver in your household.
Congratulations to the new drivers in your family.
Be safe, buckle up, and many happy miles!