You can definitely expect a rate increase for adding a teenage driver. However, you still should be able to get a new sign up customer discount.
The result of the crash will be higher insurance rates. The rates will increase by a lot if your son is young.
Your son will get points on his driving record since he had the accident. You will get points added to your risk factor on your insurance policy since your insurance paid the claim. The owner of the vehicle will get the increase but removing your son may fix that. Every insurance system is diferent. Best to check with your insurance company.
The escrow went up due to an increase in property taxes or insurance costs.
Depends on the age of your son & whether you signed the financial responsibility at the time of treatment. If they are a minor and/or you signed that you would accept responsibility...yes.
yes
Every driver your son puts on his policy will increase his premiums. It might reduce his premiums, if he claims that you're the primary driver and he's an incidential driver but that's insurance fraud and could come back to bite him.
Car insurance costs can rise due to accidents, traffic violations, frequent claims, or owning high-risk vehicles. To manage this, drive responsibly, review your policy, compare insurance quotes, and keep details updated. In London, many people renting vehicles naturally turn to Continental Hire Car for trusted service.
It depends if the increase in Average Cost is caused by an increase in Fixed Costs or an increase in Variable Costs. An increase in Fixed Costs will not increase MC, because FCs do not vary with output (by definition) And increase in Variable Costs will increase MC
what insurance?
The cost of travel insurance depends on your age, duration of travel and the countries you plan to visit. Premiums increase with age and with an increase in the duration of your stay. Also insurance for travel to the US and Canada costs far more due the high cost of medical services in these countries, than for travel too an Asian country.
An escrow increase can affect your mortgage payment by causing it to go up. This is because an escrow account is used to pay for property taxes and homeowners insurance, and if these costs increase, your monthly payment will also increase to cover the higher expenses.
Escrow increases annually because property taxes and insurance costs tend to rise over time. As these expenses increase, the amount needed to cover them also goes up, leading to an annual increase in the escrow account.