Leif Olson, Car Insurance Writer
Car insurance for a 16-year-old in Colorado costs $3,601 per year, on average—or about $300 per month. Car insurance for teenagers is far more expensive than coverage for older, more experienced drivers due to teenagers’ proclivity for risky driving and relative inexperience behind the wheel.
The cheapest car insurance company for 16-year-olds in Colorado is American National, which charges an average of $1,411 per year. But you may be able to find an even cheaper option for you personally by comparing multiple companies.
Cheapest Car Insurance for 16-Year-Olds in Colorado
$1,411 per year
$1,412 per year
$1,487 per year
$1,641 per year
$1,869 per year
Note: Rates are an approximation based on a 16-year old driver with minimum coverage in Colorado. Actual rates will vary.
You can also lower premiums for teenage drivers by seeking out car insurance discounts. Some of the insurance discounts available from companies in Colorado include multi-policy, and claims free discounts.
If the cost of car insurance for a 16-year-old is still too high, you might want to consider adding them to an existing policy. While adding a teen to a family policy will raise everyone’s rates a little, it will be nowhere near as expensive as purchasing the policy separately.
If you are in the market for a policy and want to start your search, you can begin by checking out WalletHub’s guides to the best car insurance for teens and the cheapest car insurance for teens.
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