How Much Is Car Insurance For a 16 Year Old Driver?

Before getting your teen to drive, make sure you know how much they will pay for car insurance. While most teenagers will drive around with only their parents’ insurance, they may be able to get lower rates by adding a parent’s policy. This is the easiest and cheapest way to get insurance for your teen. However, be aware that insurance companies base their premium rates on several factors. First of all, teenagers are often inexperienced drivers with minimal driving experience. quotes on auto insurance

The rates of car insurance for 16 year old drivers vary by state. The cost of insurance for new drivers ranges from $651 to $15111 per year. The states with the lowest rates are Maine, Hawaii, and Indiana. On the other hand, the states with the highest rates were Louisiana, Michigan, and New York. The cheapest car insurance companies for 16 year old drivers were in Maine, Hawaii, and Indiana.

Although the average cost of car insurance for 16-year-olds can vary significantly, it can still be quite affordable if parents take into account factors such as location, type of car, and grades. Adding a 16-year-old driver to a family plan may save parents hundreds of dollars a year. But if you opt for an individual policy, you’ll have to pay an additional $1959 annually.

Young drivers can also save money by staying on their parents’ policy. The average cost of car insurance for 16-year-olds is $954 per year and $2500 for liability coverage. That’s just $79 a month. That’s a great deal. And because they’re on their parents’ insurance policy, they can take advantage of discounts on the policy. However, you will have to shop around for the best deal.

Comparing the rates of car insurance will help you save money while finding a cheap car insurance for 16-year-old drivers. Besides comparing the quotes, comparing coverage options will help you choose the right auto insurance for a 16-year-old driver. In order to save money, keep your teen’s driving record clean. Accidents will raise insurance costs. You should also monitor your teen’s driving record carefully, especially if they’re in the age range between 16 and 17 years old.