How much does 16 year old car insurance cost

Getting your driver’s license is an exciting time for most 16-year-olds, but the massive impact these teens have on auto insurance rates is something many parents fear. A married couple with a 16-year-old driver on their policy will pay $3,836 per year, on average, for a full coverage policy. Since a 16-year-old will rarely qualify for their own policy, Bankrate understands that parents may need some guidance in fitting a newly licensed driver into their budgets. For this reason, Bankrate analyzed the top car insurance companies to help parents and guardians find the best car insurance for 16-year-olds.

how much does car insurance cost for a 16 year old?

Bankrate’s editorial team searched for the best car insurance for 16-year-olds by obtaining 2022 premium data from Quadrant Information Services for America’s Greatest Insurance. uu. insurers by market share. But because price isn’t the only factor to consider when shopping for an auto insurance policy, we also review coverage options, discounts, policy features, and third-party ratings for each company.

Reading: How much does 16 year old car insurance cost

On average, the annual premium for a full coverage policy for a married couple is $1,668. after adding a 16-year-old, that total more than doubles. This couple can expect to pay an additional $2,168 a year to insure their newly graduated 16-year-old. this cost is added to the premium parents are already paying for two drivers and one vehicle, bringing the total premium to $3,836 per year. the additional cost does not include the purchase of a vehicle for your 16-year-old son to drive and does not take into account fines or accidents an inexperienced driver may incur behind the wheel. those negative rating factors would further increase the premium.

Adding an inexperienced driver to an auto insurance policy can cause your annual premiums to increase significantly. This is because auto insurance rates are determined based on risk. Young drivers, with their inexperience on the road, are statistically some of the riskiest drivers to insure. In fact, teen drivers are more likely to be in accidents than any other age group, according to the Centers for Disease Control and Prevention.

average cost of auto insurance for 16 year old men and women

In general, men pay more for car insurance than women. Statistics show that men are riskier drivers than women, typically causing more accidents and receiving more tickets. this, combined with the inexperience of young drivers, makes teenage males especially expensive to insure. These average annual rate increases are for young women and men with no speeding tickets or accidents.

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average cost of auto insurance for a 16 year old by state

Each state and insurance company has insurance requirements and rates vary. The table below represents the difference between the average annual premium for 16-year-old males and females and the overall average increase you can expect to pay in each state. the rates represent how much it costs to add a teen to her parents’ policy.

some states, such as michigan and north carolina, do not use gender as a rating factor.

**These states do not allow insurers to rate consumers differently based on gender.

Six states don’t use gender to calculate premiums, which means the amount you pay for your 16-year-old must be the same. These states include California, Hawaii, Massachusetts, Michigan, North Carolina, and Pennsylvania.

the best car insurance companies for a 16 year old driver

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Some drivers look for the least expensive option when shopping for auto insurance. others are less concerned with price and want additional coverage options or 24/7 customer service. Because everyone is looking for different features included in their auto insurance policy, no one company is best for everyone.

Also, your idea of ​​the best car insurance company may change depending on your stage of life. some companies are better for seniors because of their coverage offerings and prices for older drivers. That same idea applies to important events like your child getting their driver’s license. If you’re looking for the best car insurance for 16 year old drivers, you may want to consider some of the providers below when getting car insurance quotes.


nationwide offers low average rates for 16 year old drivers and several discounts that can help policyholders lower their overall insurance premiums. Good student discounts are available for full-time students with a B average or better in school. Nationwide it also offers two usage-based telematics driving programs, smartride and smartmiles. You can also customize your auto insurance with elective coverage options like roadside assistance, gap coverage, and accident forgiveness. While nationally you have plenty of options for auto insurance, you also scored below average on the 2021 J.D. electric car claims satisfaction study.

more information: national insurance review


If you have a 16 year old driver to insure, Geico may be a provider worth considering. Although its premiums are already competitive for households that insure teen drivers, Geico also offers a number of discounts to help keep costs down. teens can take advantage of discounts like good student, driver’s education and seat belt use. however, geico has a limited number of local agents, which may not make it a good option for those who want personalized service.

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more information: geico insurance review

united states

usaa could be a great option for military, veterans, or their immediate family members. The insurer features low average rates and excellent customer service ratings from J.D. power, although usaa is not eligible for official ranking due to its eligibility restrictions. Those who insure a teen driver can cut costs with driver training and good student discounts. You can sign up for USAA’s SafePilot program, which tracks your driving habits through telematics and allocates a discount accordingly. And if your teen decides to stay insured with USAA when she sets up her own policy, she could get a family discount or a discount for the duration of the membership.

more information: us insurance review. uu.

state farm

Since state farm is the nation’s largest auto insurance company by market share, it’s no surprise that it’s also a great option for your 16-year-old driver. State Farm offers two discounts for young drivers: Stay Away and Good Student. the good student discount is similar to others offered by the competition. Steer Clear, on the other hand, is a unique app-driven program that includes driver training classes, behind-the-wheel practice, and tutoring. along with the potential for premium savings, your teen will earn a certificate upon completion of the course.

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more information: state agricultural insurance review

Cheapest car insurance for 16 year old drivers

Because your premium can be relatively expensive when you add a 16-year-old, you may be looking for affordable auto insurance for your teen driver. Please note that these rates represent the additional premium for adding a 16 year old to an existing policy and the full auto policy premium for three drivers and one vehicle on one policy.

Car insurance rates are personalized based on your qualifying factors, including the types of vehicles you own, the types of coverage you choose, and the driving history of each driver on your policy.

how to save on car insurance when insuring a 16 year old

Insuring a 16-year-old can come with a hefty price tag, but there are plenty of savings opportunities you can take advantage of when insuring your teen:


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