How much is Insurance for a 16 Year Old?

Your son has just obtained his license and found a new sense of freedom. Now you ask how to get cheap car insurance for my son? Car insurance can vary considerably in price so read on to learn how much is insurance for a 16 year old that is affordable for your teen drivers.

Because teens lack driving experience insurers consider a high risk to insure and thus the premiums assigned are much higher than adult levels of assurance would be. There are some things you can do to help reduce the rate you pay for your teen drivers.

You first need to emphasize their importance for them to keep a clean driving record. That means driving safely - no speeding, no violation of traffic and no accidents. Over a period of time there safe driving will be rewarded with lower premiums.

The graduated licensing laws came into force in most U.S. states and some provinces in Canada. The rules vary from one place to another, but the basic philosophy behind this is to restrict new drivers by limiting what their license will allow them to do so.

They may be issued a full auto license as a class 5 but there is usually a letter designation behind it to indicate they are a new driver. These new drivers have nighttime driving restrictions, vehicle occupant restrictions, and restriction of alcohol tolerance 0 just to name a few. They will also be required to undergo an additional test after a specific period of time to remove the new driver programming.

These insurance companies reduce the risks for teens by placing certain concessions on the driving habits of them. They may require driving school; do not drive at night, or other restrictions which allow them to maintain lower premiums for young drivers.

The statistics for young drivers are not good. A driver 16 is 10 times more likely to get in an accident than an adult between the ages of 30 and 59, so you can see why insurance companies are reluctant to provide good rates.

The best thing you can do for your teenager and his insurance rates is to teach responsibility and make them accountable. Make them win your confidence when using the car, and make them accountable to pay at least part of their insurance premiums. They can do this by working a part time job which also breeds maturity, so it's a win-win all the senses.
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