18 Year Old Driver Auto Insurance Discounts in Florida
Reader’s Question:
I am an 18 year old male driver in Florida and I would like to know if I will now get lower auto insurance cost since I am now legally an adult?
Adams
Delray Beach, FL
No, it is doubtful that you being 18 years old will lower your auto insurance rates. Though you are technically an adult you still only have a couple of years of driving experience and therefore still a high risk to an insurance company in Florida. If you are no longer in school then you may lose a good student discount and at 18 your car insurance rates could go up.
Typically car insurance rates for young drivers go down once you turn 25 years of age. Some insurance companies may lower their car insurance rates at an earlier age, such as 21, but normally 25 is the age at which rates lowers since statistically that is when motorists tend to mature and become less of a risk.
You may speak to your car insurance agent about what your insurance carrier’s guidelines are regarding car insurance discounts and also about their rating system as it relates to how many years you have of driving experience and how old you are.
Are You Looking For Cheap Florida Car Insurance?
Florida has two kinds of laws when it comes to car insurance. First there is the financial responsibility law, and then there is the no fault car insurance law. What the financial responsibility law does is that it requires you to have coverage for your vehicle if you get into an accident in which you are at fault, so that the other car can be covered by your insurance policy. The limits are lower than for other states, with a 10/20/10 policy required rather than the amounts of other states which tend to be several thousand dollars more. If your license is suspended, you have too many traffic violations, you get into a car accident, or you are caught driving drunk, then you will need to prove financial responsibility.
If one of those above things happens and you aren’t insured in Florida, then you will have your license revoked for a period of three years. The only way to avoid this is to get Florida car insurance before the suspension of your license. It’s possible to get it very soon afterwards, but then you will have to pay a couple hundred dollars to get your license backed. Once you are with a car insurance company, they will have to file an SR 22 form in order to prove that you are insured with them, and SR 22 insurance tends to cost more than other types.
Florida is not new with its policy of having car insurance companies tell the DMV whenever they sell a new policy or when another one isn’t renewed. The DMV is informed that your car insurance policy is either canceled or not renewed, then you wil be required to prove that you have insurance or turn in your license plates. If you don’t do either of those, you’re looking at a license suspension of three years, yet again. No fault car insurance comes with its own requirements for coverage, and those are $10,000 PIP (personal injury protection) and $10,000 PDL (property damage liability). Unlike the minimum under the financial responsibility law, these amounts apply to you and your vehicle. This simplifies the claims process by keeping you with your own car insurance company.
Every time you lapse in your car insurance, the amount that you’ll have to pay to keep it goes up. The first time it’s one hundred and fifty, the second it’s two hundred, and the third it’s a whole five hundred dollars. Even if you don’t live in Florida for the whole year, so long as your car is there for three months (which don’t need to be all together), you have to be insured. One of the exceptions is if you use your car entirely for business, such as if you ar a taxi driver. If this is the case with you, then you don’t have to have insurance. However, if you get into a car accident while you are not insured, then after that you will be required to have SR 22 car insurance, which is more expensive.
Cheers,
Fashun Guadarrama.
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