Teen Driver Auto Insurance Premium Rates California CA
Filed under: Los Angeles car insurance, Teen car insurance rates
Readers Question:
I just got my drivers license here in California two months ago, and I finally was able to come up with the money to buy my 1970 Plymouth GTX 440. My dad says this is going to hurt me auto insurance premium wise. Whats that all about?
Jim
Los Angeles, CA
Jim, your dad is right. Your auto insurance is going to go through the roof. A lot of factors are going against you. First, youre teenager, at least thats what I can gather from what you said. Teenagers are more expensive to insure because auto insurance companies believe that teen drivers are not very careful drivers. They are still overwhelmed by the feeling of freedom that comes with driving his or her own car. Statistics further prove that teen drivers figure in accidents more often than adult motorists. You really cant argue with statistics.
If you are 16-25 years old, your parents insurance rates will increase 2.52 times their base rate. So if they are currently paying $600 it will go up to $1512 or something close to that.
And also because of your age, it will be correctly assume that your driving experience is still limited. That is understandable since youre young and just got your license. However, inexperienced drivers get high insurance premium rates because their driving instincts or road safety instincts are not so sharp yet.
And lastly, your 1970 Plymouth GTX 440 is working against you. Your baby is a muscle car. Even if you were not a teen driver, because of your car, you are bound to get a higher auto insurance premium. Your high-performance car fetches a high auto insurance premium rate precisely because it is a muscle car. Your car can roar and, good grief, we know theres a big chance youre going to roar, as well, in California.
Dont get me wrong, your car rocks, but thats gonna cost you.
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