Shopping is the best way to save on car insurance for teens. GEICO is the best car insurance for families with a newly licensed 16-year-old at home. GEICO isn't the cheapest company when it comes to adding a teen driver, but it's the most affordable company that's also available in every state. One of the best ways to keep the cost of car insurance for 16-year-olds low is to add your teen driver to your family policy.
In addition, look for car insurance at every renewal to ensure you get the best deal, which will help your teen understand the importance of driving safely. However, as drivers age and gain experience behind the wheel, their insurance gets cheaper over time. A teen can usually get car insurance, but as a minor, a parent or guardian must co-sign the policy, so the teen's parents are financially responsible. If you add a newly licensed 16-year-old to a policy, the cheapest company overall is NJM, a regional insurance company that's only available in five states.
However, once they have the permit, car insurance for a 16-year-old child works just like it does for an adult driver. Next, you'll see the average cost of car insurance in each state for a 16-year-old woman and how it compares to the price of a policy for parents with the added child. While adding a teenager to your car insurance is expensive, it's even more expensive for a newly licensed teen to have their own policy. Insurance companies require that all licensed drivers in a household who have access to the insured vehicle have a license.
One of the most impactful ways to reduce car insurance costs for your teen is to require them to maintain a clean driving record. Policygenius calculated the cost of car insurance by adding a 16-year-old driver to an existing policy using rates provided by Quadrant Information Services. Most of the time, you won't be able to remove a 16-year-old from your policy from your policy until they move in and buy their own car. On average, car insurance costs more for a 16-year-old male driver than for a female driver of the same age.
However, 16-year-olds of any gender (and their parents) can find cheaper car insurance by comparing prices and getting quotes from several companies. The risk of car accidents is higher among teens ages 16 to 19 than in any other age group, according to the Centers for Disease Control & Prevention.