Insurance Rates for 16 Year Olds

The car insurance rates for a 16 year old boy would be invariably high and can be up to two or more times than what a 30 year old would get. The 16 year olds get a higher insurance rate because of two factors a) they are inexperienced drivers therefore more prone to getting into accidents and b) the 16 year old especially the boys tend to be reckless. The same girls might be lucky to get lower insurance rates.

Driving is fun especially for the new drivers who just get behind the wheel and that is exactly what the insurance companies are worried about.

So how can you get lower insurance rates for the young driver in your family? A good option is to have the new driver added to your insurance plan rather than having him or her start with a new car insurance. The latter would always be very high whereas if you add the new driver to your car insurance plan your rates would go high but not as high.

Secondly, you can show the insurance company the academic achievements and other certification your 16 year old has. These records tell the car insurance companies that the new driver is responsible and understands the merits of safe driving. The car insurance companies also give out additional discounts if the new driver has undergone trainings about safe driving and taking the classes to learn driving.

Another way to save on car insurance for the 16 year old is to give him a less expensive car. Since the youngsters are more prone to meet accidents the damages to a smaller and a cheaper car are less costly for the insurance companies. If you give your 16 year old a new BMW, your kid would be happy with the car but you would not be with the car insurance premiums.

It is also important to have a safe driving record and low premiums from the start. Traffic violation tickets and minor accidents also can have the insurance rates go up for many years in the future for the young drivers.