We'd love to tell you that car insurance for a 16-year-old girl will cost exactly $2,376 a year and be right. Unfortunately, we can't. There is a multitude of factors and calculations that go into the price of car insurance for young drivers.
To generate a car insurance rate for you, insurance companies need to know certain things about you -- your risk as a driver is a large part of what your premium will be based on. And to get the best rate possible, you'll want to know how to compare quotes.
Maybe you don't yet have a car or aren't ready to get a quote, but just want some general information on the cost of car insurance for a 16 year old teenage girl; this we can help you with.
Insuring a teen is expensive
A teen's policy can cost anywhere between $1,200 and $3,000 a year. As a female teenager, your rates may be a bit less than your male counterparts, as long as you have a clean driving record.
In general, and this is a BIG generalization, at your age you basically can expect to pay somewhere around 2.52 times the base rate for car insurance coverage. If your parents pay $800 for a year of car insurance, then as a newly licensed 16-year-old, you can expect to pay $2,016 for a year of car insurance.
Your location, as well as other rating factors, plays a part in your rate as well. If you live in a more populated state, you could end up paying 3.2 times the base rate. In a smaller state, you may only pay 1.9 times the base rate.
Other rating factors are taken into account by a car insurance company as it calculates your base rate. This includes your:
- Driving record
- Driving experience
- Claims history
- Credit history
- Vehicle type
- Vehicle Use
- Marital Status
- Previous insurance coverage
The coverage, limits and deductible you chose for your policy will also help determine how much you will pay. You'll pay less if you carry just liability coverage on your car insurance policy. Another way to lower rates is to look for discounts for teenagers, such as asking about a good student discount.
It will normally cost less if you're able to get insured on your parent's policy instead of obtaining your own policy, which your parents will need to sign on while you're a minor anyway.