Car insurance cost for a 16 years old– Everyone is growing old. So do teenager has turned 16, passed driver’s education and will soon be licensed to drive. Teenager 16 years old cannot legally sign contract including car insurance. Male get insurance coverage by being added to their parents’ existing auto insurance policy. Until they are 18 years old, teens cannot buy their own insurance. 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.
Each insurer is different when it comes to newly licensed drivers, especially 16-year olds. Car insurance costs 92% more for teenage males, but just 67% more for teenage females. The “insurance” answer is that male drivers tend to have many more tickets and accidents than female drivers. The “scientific” answer is probably testosterone. Young men tend to drive quite a bit more aggressively than young women. They take more chances and have a habit of pushing the limits when it comes to operating a motor vehicle.
Car Insurance for Male and Female is Different
Car insurance cost for a 16 years old male is depending primarily on the type of car and where the car is driven. Annual cost can range from $800 to $4000 or more. Car insurance for a 16-year-old girl will cost exactly $2,376 a year and be right. There is a multitude of factors and calculations that go into the price of car insurance for young drivers. As a female teenager, your rates may be a bit less than your male counterparts, as long as you have a clean driving record.
Luxury Cars are More Expensive to Insure
Sporty 2-door cars with powerful engines, such as the Mitsubishi Lancer Evo are wrecked more often by teen drivers so that they are the most expensive to insure for 16 year olds or any young driver. Larger 4-door sedans are cheaper to insure. SUVs and trucks are also cheaper. Luxury cars are more expensive to insure because they are expensive to repair and replace.
It is possible for you to get the lower cost insurance, here the tips:
- Select the right car. As already mentioned, insurance rates for sporty, fast, coupe-style cars are higher than for larger more mundane cars.
- Get discounts. Car insurance companies offer various kinds of discounts. Make sure you get those to which you are entitled.
- Drive safe. As already mentioned, insurance costs can increase dramatically if your driving habits (traffic tickets and accidents) indicate you are a high-risk driver. do not forget about the consistent service such as the oil changes.