Car Insurance Quotes For Teenage Drivers - The average 16-year-old pays an annual premium of about $6,000, or $500 a month. Insuring teenage drivers is considered high risk because they are more likely to cause citations or accidents.
But there are many ways young drivers save on car insurance rates to help with premium costs. We are here to help you get car insurance for your 16 year old.
Car Insurance Quotes For Teenage Drivers
Teenage drivers are four times more likely to be involved in traffic accidents than the average 20-year-old. Traffic accidents are also the leading cause of death for teenage girls. For insurance providers, this means charging higher insurance costs. How much depends on the situation in which the teenager lives and the age and gender. A new driver pays an average of 44% more for full coverage than a 19-year-old.
Teen Drivers, Insurance And Safety
Car insurance costs for teenage drivers vary from state to state, but these are some average prices for minimum and full coverage.
In most cases, you should add your child to your existing car insurance policy after you get your license. Some states require it by law, and some insurance companies require it. If it's not necessary, it's usually a good idea to have the same insurance that covers everyone your teen drives.
Everyone wants cheap car insurance rates, but there are several things to consider when shopping for car insurance. While some people are looking for the best price, others want 24/7 customer service, discounts or additional coverage. No one company is the best car insurance company for everyone.
GEICO is a provider worth noting because it has competitive rates for teenage drivers. They also offer many discounts that help you lower your premiums. Teens can take advantage of discounts such as driver's education, good student standing and seat belt use. They may not be the best if you're looking for personalized service, as they have limited local agents. On average, a 16-year-old male pays $2,989 a year for full coverage.
Getting Cheap Car Insurance For New Drivers
Nationwide offers low auto insurance rates for 16-year-old drivers. Good student exemptions are available for students with a B average or higher. Nationwide also offers two usage-based telematics driving programs called SmartMiles and SmartRide. The average cost of car insurance for a 16-year-old female is $2,103 a year for full coverage.
State Farm is the nation's largest auto insurance company. They offer great discounts for young drivers, such as good student discounts and stay away. Steer Clear is an app-powered program that offers behind-the-wheel exercises, driver training classes and mentoring.
Your teen driver receives premium savings and a certificate after completing the course. Car insurance costs for a 16-year-old driver are $3,112 per year for full coverage.
The best thing you can do as a teenager is to consult your parents' policies. It is cheaper than getting a car insurance policy. If that's not an option, shop around for the best car insurance deals. When shopping, look out for insurance discounts such as:
Cheapest Car Insurance For Teens In 2023
In some states, gender affects a car driver's insurance premium. Some states prohibit insurance companies from using this as a factor in setting rates, but not all states do. A young male driver is more likely to pay higher car insurance premiums than a female driver.
Statistically speaking, male drivers are more likely to be ticketed or involved in an accident than female drivers, making them more expensive to insure.
Males aged 16 pay $300 more for six months of insurance than females. The average car insurance rate for 16-year-old males is $558 compared to $497 for females.
One option you can consider to get cheap car insurance is to buy cheap car insurance. Sports cars are not cheap to insure, especially for new drivers.
Auto Insurance Guide
When buying a new or used vehicle, you should consider how much it will cost to insure the vehicle. Car insurance rates depend on the type of car you drive. The cheapest car to insure is the Honda CR-V, Arizona, which is 33% cheaper than the Ford Mustang.
Yes, car insurance is available for that age group. It can be expensive compared to only 19 years. Young drivers are considered high risk and are more likely to crash than older drivers.
You should only list a child on your car insurance when they regularly use the insured vehicle. Arizona does not require you to place your child on insurance.
Yes, in Illinois you are required to add your child to your car insurance policy. Instead of teens getting teen car insurance, you'll add your teen driver to their own car insurance. Your teen must be licensed for this.
Best Car Insurance For Teens
As soon as your child has a probationary license, it needs to be added to the policy, but it doesn't have to be yours. They have the ability to get their own auto insurance. Adding your teen driver to your policy is more cost-effective, but if your teen gets into an accident, it affects your car insurance rates.
Yes, car insurance costs more for 16-year-olds because insurance providers believe that younger drivers are more risky than older drivers. Average car insurance rates are higher for young drivers than for older drivers.
Buying cheap car insurance for teenagers is easy. Start by comparing rates as amounts vary by company. You can use our handy tool to find the best car insurance for teenagers.
Julia Maceikovich Julia Maceikovich, CEO and Co-Founder, takes pride in educating others about auto insurance so they can make informed decisions for themselves and their families. She has been featured in many prominent publications where she has helped educate others about the importance of car insurance. Partner Content: This content was created by a business partner of Dov Jones and was researched and written independently of the editorial team. Links in this article may earn us a commission. learn more
What Is Teen Driver Technology?
Teenagers pay significantly more for car insurance than older drivers. If they don't follow the rules of the road, they can expect to pay more.
Written by: Daniel Robinson Written by: Daniel Robinson Author Daniel is a team guide writer and has written for a number of automotive news sites and marketing firms across the US, UK and Australia, specializing in auto finance and car care topics. Danielle is the authority on the Guide Team for auto insurance, loans, warranty options, auto service and more.
Edited by: Rashavn MitchnerEdited by: Rashavn Mitchner Editor-in-Chief Rashavn Mitchner is a guide team editor with over 10 years of experience covering personal finance and insurance topics.
Seeing your teen behind the wheel can be embarrassing, but questioning teen car insurance rates can be even worse. Young drivers, especially teenagers, pay much higher premiums on average than other drivers.
How Much Is Car Insurance For Teens?
We at the Guide team wanted to see which providers offer the most affordable rates for teenagers while still offering the best car insurance. Quality coverage. Below you'll find our rankings of the cheapest car insurance for teenagers, as well as important information about young driver insurance.
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The Guide team is dedicated to providing you with reliable information to help you make the best possible decision about insuring your vehicle. Because consumers rely on us to provide objective and accurate information, we've created a comprehensive rating system to determine our ranking of the best car insurance companies. We collected data from dozens of auto insurance providers to rate companies based on a wide range of ranking factors. After 800 hours of research, the final result was an overall score for each provider, with the highest rated insurers on the list.
According to our data, the national average cost of car insurance for teenagers is $5,297 per year or $441 per month for full coverage. This is 206% more expensive than the overall national average of $1,730 per year.
How Much You'll Pay For Car Insurance For Your Age & Gender
Teen auto insurance is generally more expensive for male than female drivers, even though both face more expensive coverage. As drivers move out of their teens and into their 20s, premiums begin to drop.
The cheapest car insurance for teenagers is Erie Insurance. However, there are many companies following suit, such as Auto Owners Insurance, USAA, Geico, and State Farm.
The sections below include the companies that offer the cheapest auto insurance rates for teenagers for a full coverage policy.
Below are reviews of our top recommendations for cheap car insurance companies for teenagers based on average rate estimates. In addition to low rates, the following providers stand out for their high-quality coverage options, helpful discounts, excellent customer service, and strong industry reputations.
Car Insurance 101: Ways To Save On Car Insurance
According to our cost analysis, Erie insurance tends to be the most affordable provider on average for teenage drivers. The regional car insurance company also offers a range of coverage levels along with a strong reputation for customer service.
In addition, the Erie Rate Lock® program allows eligible customers to avoid premium increases during certain periods.
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