Young drivers are often subject to unfair insurance rates because they are young, inexperienced, and sometimes irresponsible.
The cost of car insurance can vary dramatically based on your age, gender, marital status, driving history, and location.
On average, the cost of insuring a 16-year-old for full coverage costs $813 per month, based on our analysis of thousands of rates across nine states. When it comes to 16-year-old boys, on average, they have to pay $63 more per month than 16-year-old girls.
So you’re just a few short years away from becoming a fully-fledged adult and buying your very first car. If you’ve ever wondered how much car insurance would cost you for a year, check out our handy guide here:
Cost of Car Insurance for a 16-Year-Old in the Largest States
Car insurance costs are calculated based on factors including your age, driving record, and the cost of your vehicle. To calculate your car insurance rates, insurers use algorithms to predict the likelihood that you’ll cause an accident, as well as your driving record and the cost of your car.
In most states, a teen is eligible for auto insurance based on their age, but this varies from state to state. Many teens have to pay higher rates than their parents, and this is due to higher risk factors, like getting into accidents and being involved in car theft. It’s up to the car insurance company to decide whether or not to offer coverage to a young driver.
Insurance companies may be less likely to offer coverage to younger drivers because the insurance rates are higher for young drivers than they are for older ones. Insurance companies may offer lower rates to young drivers because they’re considered less likely to file claims than older drivers, but this isn’t always the case.
Cost of car insurance for 16-year-olds compared to other ages
By now, it’s no secret that auto insurance is expensive. But what most people don’t realize is that insurance rates increase as the driver gets older. According to a study by the Insurance Institute for Highway Safety (IIHS), young drivers who are 16 years old or younger pay the least amount in insurance premiums.
A 16-year-old driver’s insurance cost is twice as much as that of a 25-year-old. Insuring a 16-year-old can be extremely expensive. The average cost of insuring a 16-year-old is double that of insuring a 25-year-old. When 16-year-olds turn 17, their insurance cost will decrease by an average of 9%.
How do rates differ between 16-year-old male and female drivers?
The gender gap in driving skills has been around for decades, but recently there have been some interesting discoveries in the data. While men still do better than women at driving skills, a new study from the National Highway Traffic Safety Administration shows that men and women both perform equally well on the written test. However, in the field, women are consistently better than men in tests of perception, reaction time, and road skills.
A person’s gender plays a significant role in determining the cost of their car insurance policy. For example, adding a 16-year-old male to a policy costs, on average, $422 more each year than adding a 16-year-old female to a policy; this cost difference drops to $18 when the driver reaches the age of 25.
Average car insurance costs for 16-year-old males and females
As a result of our analysis of thousands of rates across nine states, the Average car insurance cost for a 16-year-old boy is $813 a month for full coverage. On average, 16-year-old boys pay $63 more than 16-year-old girls for full coverage.
According to a study conducted by the Insurance Information Institute, the cost of insuring a 16-year-old male driver is 1.5 times that of a 17-year-old male
To compare the average costs of car insurance between male and female drivers, you have to take into account the cost of the car they drive, the number of miles they drive, and the type of insurance coverage they have. Insurance costs depend on the type of vehicle you own, the value of the car, how much mileage you drive, and the kind of coverage you choose.
The cheapest car insurance companies for 16-year-olds by state
Most states have some type of law requiring auto insurance companies to offer discounts to drivers with a clean record. They can even make you pay a higher price if you’ve had a previous accident, or if you’re older than a certain age. Many people who have had accidents don’t even realize they’re eligible for discounts because they don’t have any record of claims.
Here is a list of the 9 cheapest insurance companies for a 16-year-old in each of the nine states we sampled.
1. State Farm
State: California
Rates per month: $349
2. Geico
State: Florida
Rates per month: $425
3. Georgia Farm Bureau
State: Georgia
Rates per month: $274
4. State Farm
State: Illinois
Rates per month: $390
5. Frankenmuth Mutual
State: Michigan
Rates per month: $952
6. State Farm
State: North Carolina
Rates per month: $201
7. Geico
State: New York
Rates per month: $534
8. Fred Loya
State: Texas
Rates per month: $264
9. Geico
State: Ohio
Rates per month: $333
Best car insurance companies for a 16-year-old driver
1. Nationwide
16-year-old drivers may benefit from Nationwide’s low average rates and discounts. Full-time students with a B average can receive good student discounts. Nationwide also offers two usage-based telematics driving programs, SmartRide and SmartMiles.
Furthermore, you can choose elective coverage options, such as roadside assistance, gap coverage, and accident forgiveness, to customize your car insurance.
Can a 16-year-old get their own car insurance? Yes, 16-year-old can purchase their own car insurance policy.
2. Geico
You may want to consider Geico if you have a 16-year-old to insure. While Geico offers competitive premiums for households insuring teenage drivers, it also offers several discounts that help keep the costs down. Good student discounts, driver education discounts, and seatbelt discounts are available to teens. Are the Cheapest Vehicles for 16-year-olds? Generally, you can save money on car insurance by purchasing a less expensive car. Many insurance companies offer good student discounts. If your driver has the grades, make sure to tell the insurance company and take advantage of the added discount
3. State Farm
In addition to being the largest auto insurance company in the country, State Farm could be a great choice for your 16-year-old. Young drivers can take advantage of State Farm’s Steer Clear and good student discounts.
The good student discount is similar to others offered by competitors. Alternatively, Steer Clear is a unique, app-driven program that includes driver training, the practice behind the wheel, and mentorship. After completing the course, your teen can save on premiums.
4. USAA
It may be a good choice for military members, veterans, or their families to take advantage of USAA. Although USAA is ineligible for official rankings, it has low average rates and excellent customer service ratings. Those insuring a teen driver might reduce costs with driver training and good student discounts.
You may enroll in USAA’s SafePilot program, which tracks your driving habits via telematics and assigns a discount accordingly. You may also earn a family discount or a length of membership discount if your teen stays insured with USAA when they establish their own policy.
Final Thought
The average annual premium for teen drivers is $813. That price includes liability coverage, which insures you and others from legal repercussions. Collision coverage helps cover repairs to your vehicle in case of a collision. Comprehensive coverage protects your vehicle from damage that might occur from everyday wear and tear.
Frequently Asked Questions
How much is car insurance for a 16-year-old AZ?
Car insurance rates for a 16-year-old AZ are going to be very different than for a 20-year-old AZ. It is important to shop around and find a policy that works for your needs. The cost of car insurance can vary greatly depending on the coverage you want.
Insurance companies offer several types of coverage, such as liability, collision, comprehensive, and uninsured motorist. You can get quotes online for car insurance, but it is a good idea to call your current insurer and ask about the coverage options available.
Dropping comprehensive and collision coverage is generally a better idea when your car is older and not worth as much money.
Can a 16-year-old get car insurance on their own in Michigan?
A 16-year-old is eligible to obtain auto insurance coverage in Michigan on their own, provided
how much car insurance for a 16-year-old
they meet certain requirements. These requirements include having completed the sixth grade, being able to read and write English, being able to complete the required application, and paying the required premium.
Is car insurance expensive in Illinois?
Car insurance in Illinois is fairly expensive. The average premium for Illinois residents is $1,664 per year, which is one of the highest premiums in the country.
Is car insurance more expensive in Washington state?
Car insurance is more expensive in Washington State, which is why we are offering cheap car insurance quotes in Washington State. This is because the rate for car insurance is based on your driving history and your vehicle.