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Car insurance rate for 16-year-old


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Question: I was wondering, what is the average car insurance rate for a 16 year old female?

Answer: As we review the quotes obtained at CarInsurance.com, we find that the average six-month price for a policy with a 16-year-old is $1,745.93, or $291 a month.

Here is some general information on the cost of insurance for a newly licensed 16-year-old.

On average, a 16-year-old can expect to pay 2.52 times the base rate for their insurance. So if parents pay $500 for a year of car insurance, then a 16-year-old can expect to pay $1,260 for a year of auto insurance coverage.

There are many risk factors looked at by auto insurers, such as where you live. For example, in New Jersey a 16-year-old may pay 3.2 times the base rate, but in Montana they pay 1.9 times the base rate. These are all generalizations that are intended to explain that rate calculations require more than just age. Here are a few of the factors taken into account to determine your car insurance rates:

  • Your age
  • Marital Status
  • Gender
  • Accident claims
  • Geography
  • Driving violations
  • Your vehicle
  • Occupation
  • Credit rating

Other factors that can go into determining premiums:

  • Years of driving experience
  • Miles driven per year
  • Distance to work
  • Business use of the vehicle

There are things a 16-year-old teenager can do to try and bring down the cost of their auto insurance premium. It is generally cheaper to be added to your parent's insurance policy than for you to purchase your own.  Discounts for teenagers can also help bring down the cost.



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5 Responses to "Car insurance rate for 16-year-old"
  1. Destinee Gipson

    What is the yearly average cost of car insurance?

      Reply»  
  2. Visitor

    This is ridiculous. I'm in my 50's and have never had a ticket. I drive a 13 year old car. My son is 17, is an honors student, no accidents or tickets. He drives less than 5 miles a day. We just got our premium and it was raised to 868 dollars every 6 months. That's more than our vehicles are worth. Employers don't pay enough to live on and the cost of living continues to rise.

      Reply»  
  3. Anonymous

    helpful

      Reply»  
  4. Anonymous

    it sucks!!!!!!!!

      Reply»  
  5. Anonymous

    THANKS, THIS IS WHAT THEY ARE CHARGING ME. I PAY 300 AND MY WIFE 330. OUR 16 YEAR OLD JUST GOT A QUOTE FROM STATE FARM ON A 2000 SATURN SL2 FOR $830 EVERY 6 MONTHS. PRETTY CLOSE.

      Reply»