What is the cheapest car insurance for a 16-year-old?

The best way to get cheap car insurance for a 16-year-old is by to add them to a family policy. Nationwide offers a lower added cost to a family policy, with an average annual premium of $2,718 or a monthly premium of $226.

What is the best insurance company for a 16-year-old?

GEICO it the best insurance company for a 16-year-old due to a balance between cost and customer satisfaction, earning an MG Score of 84 out of 100.

Why is car insurance expensive for 16-year-old drivers?

Car insurance is expensive for 16-year-olds because they are new drivers with less experience. Insurance companies see them as a higher risk for accidents and claims.

Why is car insurance more expensive for 16-year-old males?

Car insurance is more expensive for 16-year-old males because statistics show they are more likely to be involved in accidents than females, which leads to higher risk and premiums.

The Best Cheap Car Insurance Companies for 16-Year-Olds

Name: The Best Cheap Car Insurance Companies for 16-Year-Olds
Item: The Best Cheap Car Insurance Companies for 16-Year-Olds
Author: Devon Delfino

Nationwide has the lowest full coverage premium for 16-year-olds at $2,718 annually, on average, when included in a family policy. Meanwhile, GEICO has excellent customer satisfaction and financial stability.

ByDevon Delfino

Reviewed byMark Friedlander

ByDevon Delfino

Reviewed byMark Friedlander

Updated: April 17, 2024

Advertising & Editorial Disclosure

About Devon Delfino

Devon Delfino is an independent financial journalist covering topics in finance and marketing for six years. Her personal finance reporting has been featured in publications such as the L.A. Times, Teen Vogue, Mashable, MarketWatch, CNBC and USA Today, among others.

Devon earned a Bachelor of Science degree in Journalism from Boston University.

sources

Insurance Institute for Highway Safety. "2020 Top Safety Pick+." Accessed April 16, 2024.
National Highway Traffic Safety Administration. "Young Drivers." Accessed April 16, 2024.