How Much is Car Insurance For a 16 Year Old Driver?
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If you're a new teenage driver, or you have one in your family, you're probably wondering: How much is insurance for a teen? The price that you can expect to pay for car insurance varies due to many factors used by insurers to determine premiums. In order to find out how much it will cost, get auto insurance quotes online from multiple companies.
Information you will need for your quote
Car insurance premiums are determined by the age of the driver, the kind of car they have, where they live, and how much the car will be used. It can also be affected by how much they drive, and in some instances, their credit score. You will need to provide accurate information to get an accurate quote.
Driver Information: Before you get a quote, you will need to provide the name and age for each person using this vehicle, as well as their sex. Everyone who is a regular driver of this vehicle should be on the policy. You will also need to provide the home address where the vehicle will be parked. In families where a teen spends time at two different homes, the one where the vehicle will be the majority of the time is the one you should use.
Vehicle information: You will need to provide the year, make and model of the vehicle to get an accurate quote, as well as the expected annual miles to be driven. If it will be used to commute or driven for work (like a pizza delivery job), this will need to be specified as well. The kind of vehicle you drive can raise a red flag for insurance providers. If a teenage boy is given the keys to a two-door sports car, you can bet they won’t think twice about hiking the rates way up.
Type of coverage desired: You need to decide if you want the basic liability insurance, or if you prefer full coverage, including comprehensive and collision insurance. Additional protection such as uninsured motorist, towing reimbursement, or rental reimbursement should also be considered. Truthfully, the minimum liability coverage from state to state can quickly be maxed out in a car accident with multiple vehicles, or when individuals involved need emergency care. Rather than sticking to the minimum liability, find out what your recommended level of coverage should be.
Once you have all this information, you can start comparing prices through different insurance companies. When you are ready to purchase coverage, your insurance agent will require additional information (e.g. driver license and social security numbers). This is needed to ensure that the premium determined at the time the policy is written is as accurate as possible.
Although the price for a premium may vary for teenagers and their vehicles, the coverage only varies slightly by state requirements. Regardless of age, every state's laws make it mandatory that all individuals who operate a vehicle on the roadways must carry a defined minimum coverage for bodily injury and property damage. Some states will require additional policies, such as uninsured motorists and personal injury protection. Before you make any decisions, here are some things to consider:
Car Insurance Cost for 16 year old driver
Teenage drivers should expect to pay more for coverage because of the simple fact that they have less experience behind the wheel. Having no driving record is not the same as having a clean driving record, and can often affect the average cost of your premiums more than a history with an accident.
If your teen hasn’t obtained their license yet, most states allow someone with a learner’s permit to be added to the insurance policy. Even though this will raise the cost of your insurance, it’s a good idea to make sure you’re covered in the event of an accident while they are driving.
Even though they are considered high-risk drivers compared to those that are more seasoned, there are many affordable insurance policies to be found if consumers take the time to obtain quotations and compare. And you can take the time to look at your options from the comfort of your home, without having to go to a bunch of insurance agencies to find the best rates.
Safe driving saves a lot more than money
Driving a car is one of the biggest responsibilities we trust our kids with. It’s also the number one cause of death and injuries for teenagers in the United States. As a parent, you can make a big difference in your child’s driving habits. The CDC has resources to help you keep your child safe. Talk to your child about safe driving habits, and make sure they know the risk. It’s never worth it to drive distracted. Phone calls and text messages can wait until you’ve reached your destination safely.
It’s not just your teen who might be driving distracted. Teach them to observe the other drivers on the road. If they are weaving in and out of their lane, or slowing down and speeding up a lot, extra care should be taken to avoid a collision. Always maintain a safe distance from other vehicles on the road and pass erratic drivers with care.
Highway safety is paramount at all times. The risk associated with a collision at those speeds is much higher than driving around town. Make sure they know to follow the speed limit at all times and to be mindful of what lane they are driving in and the safest way to let faster vehicles pass. Local laws vary from state to state, and they should know them well before they obtain their driver’s license and start taking trips on the highway.
Remember, they often learn more by following your example than by listening to what you say. If they see you speeding down the highway, passing on the right, and eschewing your turn indicator, they won’t feel any need to drive differently. But if your teen watches you maintaining safe distances between you and other motorists and consistently respect the right of way, your safe driving habits will rub off on them, and ultimately your good driving habits will rub off on them and reduce the risk of an accident.
The good news is, there’s also money to be saved. Safe driving leads to reduced premiums. The longer you go without making a claim, the lower your insurance rate will be. And many agencies offer monitoring devices that will assess the risk of insuring you and reward you with more discounts. Beyond that, some companies will give you access to the data they’ve collected. You can use this information as talking points to learn better, safer driving habits.
Accidents and tickets will raise your rates
Once you’ve signed up for an insurance policy, your rate is not locked in. Getting a citation for any moving violation will raise your rate. Whether it’s rolling a stop sign or speeding through a school zone, your insurance company will raise the rate once the teen proves they are a higher risk. And that rate hike can be in the neighborhood of twenty percent, and no one wants that.
Make sure your teenager knows how to come to a complete stop at a stop sign, even at 4-way stops. If you drive the same route every day, you can get a false sense of security about certain intersections. But Traffic enforcement will be watching, and they know the best places to stay out of sight to catch you in violation. What’s worse, running a stop sign is one of the most common causes of an accident.
The same goes for speeding. You may think a few miles per hour over the speed limit isn’t worth their time, but some jurisdictions are much stricter in enforcing the speed limit than others. Citations are expensive, whether or not they go on your driving record, and repeated violations can make keeping your license very difficult. The speed limit is there for a reason, and speeding, even a little bit, can make a collision a lot worse. The faster two cars are going, the more damage there will be, the higher the risk of injury.
What you can do to cut costs on coverage
Finding insurance for a teen driver is more than just choosing the cheapest policy. If you can’t afford a high deductible or would be unable to replace your vehicle if it’s totaled, more extensive coverage should be considered. There is also the possibility of high medical costs, either for the insured, their passengers, or other people involved in the accident. Injuries on their own can be expensive, but missed wages can be just as devasting to your finances, leaving you with a lot of debt and no way to earn income to pay it back.
The good news is, there are other ways to save besides cutting out crucial policies. The more money your vehicle is appraised for, the more expensive your comprehensive coverage policies will be. This means an older car might be cheaper. On the other hand, newer vehicles often get a new car discount, depending on the insurance company. And having a vehicle with extensive safety features means you pay less for personal injury polices. Better airbag systems, corrective cruise control, and anti-theft devices can all impact the cost of coverage.
An adult adding a teen to their policy will certainly see a hike in their premiums, but it is almost always cheaper than a teenager on their own policy. A separate policy for the teenager can easily cost three times as much as being on the same policy with their parent or guardian.
If you already have towing services and other roadside assistance through AAA or as a feature on your credit card, you can skip this added cost on your car insurance quotes. You can also earn discounts by taking defensive driving courses. The discount usually lasts three years before you need to take the course again. And sometimes, a good student with high grades can get a student discount on policies if they provide their transcripts with their GPA.
Insuring Teenage Males
Unfortunately for males, they tend to have to pay a higher rather than females when it comes to auto insurance. For the most part, premiums are established by data that is compiled and then analyzed by insurers, which will determine the amount of risk that they will assume and charge accordingly.
Young males pay higher premiums is that recent studies show that they have accounted for 30 percent of the cost of injuries caused by motor vehicles annually. Although they can expect to pay more(on average this will be about $600 more a year), they can save by shopping and comparing rates from competitors to determine which company will be most affordable to them.
Male teenagers can expect to pay more for another reason other than their sex. They are also inexperienced and studies show that less experienced drivers are less able to recognize hazardous situations and more likely to underestimate dangerous ones.
It’s not all bad news, though. Statistics show that young drivers are much safer now than they were two decades ago. As parents take more time to educate their children on driving, accident rates should continue on the downward trend. And the more you let them drive, the better they will get, especially if you are there to give them feedback. Think of it this way: if everyone teaches their children to drive the way they hope everyone else around them drives, the world will be a better, safer place.
The Bottom Line
Teenage drivers need insurance, and they are going to pay more than their adult counterparts. But you can take the time to shop around and find the best coverage at the price that works for you, all without dealing with high-pressure insurance agents wanting to close the deal. Arm yourself with the knowledge of the market at OnlineAutoInsurance.com and get the best rate, all without leaving home.