Car insurance for a 16-year-old costs $211 per month, on average. Sixteen-year-old drivers pay more for car insurance than older, more experienced drivers because insurers consider them to be high-risk, meaning they’re more likely to file a claim.
Because the cost of coverage for 16-year-olds is so high, it's important to shop around for multiple quotes before buying a policy. Some of the best car insurance companies for 16-year-old drivers are Travelers, Geico, and USAA. Comparing quotes is more important in some states than others, though, considering the average cost.
Cost of Car Insurance for a 16-Year-Old by State
|State ||Cost |
|North Carolina ||$1,738 per year |
|Ohio ||$1,976 per year |
|California ||$2,534 per year |
|Pennsylvania ||$2,642 per year |
|Illinois ||$3,145 per year |
|Texas ||$3,930 per year |
|Georgia ||$4,508 per year |
|Michigan ||$4,704 per year |
|Florida ||$5,301 per year |
|New York ||$5,701 per year |
Note: These are the top 10 largest states by population.
The exact cost of car insurance for a 16-year-old depends on a few factors, including their driving record, gender, and vehicle type. Additionally, whether a 16-year-old is buying their own policy or being added to their parents’ policy makes a difference.
Adding a 16-year-old to an existing policy will raise the premium by an average of 140% to 160%. But even with the added cost, it’s still a more cost-effective option than having the driver purchase their own policy.
To learn more, check out WalletHub’s guide to the best car insurance for teens and young drivers.
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