How Much Does Car Insurance Cost For A 16 Year Old Per Month?

How much is car insurance a month for 17 year old?

Car insurance for a 17-year-old costs an average of $265 to $987 per month.

The cost largely depends on whether the teen is added to a parent’s policy or gets one of their own.

Most 17-year-olds are covered by their parents’ policy because it’s much cheaper..

How much is insurance on a Camaro for a 16 year old?

The cost to insure a 2018 Camaro, $3,141 per year, was 7% less than the 2018 Dodge Charger’s rate and 10% less than the 2018 Ford Mustang’s. Additionally, we have found the 2013 Chevrolet Camaro ZL1 to be the second cheapest sports car to insure for young drivers.

How much does insurance go up after adding a teenager?

It costs an average of 140% to 160% extra to add a teenager to a car insurance policy. That means if you’re currently paying $800 a year for car insurance, you can expect to pay between $1,120 and $1,280 more per year after adding a teenager to your insurance policy.

What is the cheapest vehicle to insure for a teenager?

Best cars for teensRankCarMSRP1Mazda MX-5 Miata$23,7202Subaru Outback23,4953Volkswagen Golf GTI25,3854Mini Countryman19,95016 more rows•Sep 10, 2020

What is the average cost of insurance for a 16 year old?

$7,000 a yearThe average car insurance rate for a 16-year-old on their own policy is close to $7,000 a year for full coverage. That rate is more than $5,000 over the national average for 30-year-old drivers. Newly licensed drivers are expensive to insure.

Should I add my 16 year old to car insurance?

While car insurance for teens can be pricey, there are a few ways to save. … Going on a parent’s policy: Rather than getting their own policy, it’s typically best for a teen to be added to a parent’s policy. Parents have access to more discounts, including multi-policy and multi-car discounts.

How can I lower my teenage car insurance?

How to Lower Car Insurance for a TeenagerTeach your teenager how to drive. … Invest in driver education courses. … Bundle policies to reduce rates. … Comparison shop for the best rates. … Put your teenage driver on the family policy. … Assign your teenager to the least expensive car to insure. … Raise your deductible or drop coverage.

How much will my car insurance go up when I add my 16 year old?

Adding a 16-year-old teen to your policy will increase your rates, on average, by about 130% to 140%, or an extra $2,000 annually, according to CarInsurance.com rate data.

What is the cheapest insurance for a 16 year old?

Cheapest Companies for a 16-Year-Old’s Individual PolicyState Farm. $3,612.Nationwide. $4,705.Allstate. $5,342.GEICO. $5,466.Progressive.