16 year old driverThe price that a sixteen year old motorist can expect to pay for automobile coverage can vary because of the many factors that insurers take into consideration in order to calculate premiums. Nonetheless, it is most likely that they will pay a higher price than more mature drivers and there are several reasons for this. With the obvious out of the way; being that this is an inexperienced driver and therefore there is no driving history to base a rate on, there are items aside from themselves that do affect what they will pay for a policy as well compiled statistics which land them in the high risk category.

The cost of car insurance for a 16 year old driver is based on factors which apply to every age group. This being the vehicle to be insured, garaging address, sex, amount of coverage and the deductible chosen, if applicable. Another aspect that raises their rates is that statistically they are more prone to being involved in an accident. Annually, teenagers are responsible for almost one third of the cost of injuries as a result of traffic collisions. These costs are paid  for by insurers and therefore they must raise premiums to compensate for their losses. Younger drivers are also less likely to recognize hazards and tend to underestimate dangerous situations due to their lack of experience behind the wheel. Once companies gather and compile all of this information they are left with no choice but to increase rates in order to protect themselves from the higher risk of a potential loss.

Find Affordable Auto Insurance for 16 Year Olds

The most effective method of finding the cheapest policy for a young motorist is to simply shop around. By obtaining several quotes from various insurers one can raise their chances of locating coverage that can be affordable. A very fast and efficient way to obtain rates from numerous providers is with the help of the Internet. There are several websites that provide their visitors with a brief questionnaire which once submitted will provide the consumer with quotations from a multitude of reliable carriers. Each company will quote an individual differently, therefore it is extremely important to get as many rates as possible in order to make sure the lowest one is found. For more information one can refer to the Washington guide of buying insurance online.

Aside from a comparison of companies and prices there are a few other ways to find savings. If possible, see what it would cost to add the teen to a parent’s existing policy. The raise in premium may be less than if the youth were to get coverage on their own. Their are discounts available as well. One of the most common amongst teenagers is the good student discount. This is given to students who maintain a grade point average of a “B” or higher (3.0). This can save up to 20% on premiums. One can also receive a discount for driving a low number of miles on an annual basis. Teens can also find savings if they were to complete a safe driving course that is recognized by certain insurers. If operating a vehicle that requires full coverage consider raising the deductible if possible. Higher deductibles equal lower premiums. Most importantly, drive carefully and always obey traffic laws. This will prove to pay off down the road and allow eligibility for a good driver discount in the future.