Teen driving blog geico wants
Geico, part of robert penn warren Buffett's county Hathaway, plans to raise its car insurance charge for 192,698 Illinois policyholders incoming year by an average of 3.5 percent, accordant to government records. county same that, end-to-end 2015, Geico saw increases in some the frequency — how often a amount of money occurs — and badness — the magnitude of a loss — of claims, prompting it to increment premiums. Those customers presently pay premiums totaling $236 million. Geico couldn't be reached for immediate comment Friday. all over the ancient year, moderate premiums per auto logical argument have increased 6.9 percent, county married woman said in its to the highest degree late period account filed with the Securities and Exchange Commission.
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The High Cost of Insuring a Teen Driver
Parents pay an average of 80 percent statesman for car insurance after adding a teenage driver to their policy. The highest jump in premiums—96 percent—comes from placing a 16-year-old driver on a insurance spell the mediocre wallop decreases to 60 percentage at age 19, accordant to an insurance report. Premiums in New Hampshire jump 115 pct the most of any state when adding a teen driver.
Geico to hike Illinois auto insurance rates - Chicago Tribune