How Much Is Insurance For A 16 Year Old

Very little can compare to getting behind the wheel of a vehicle for the first time. If you have just been granted a provisional license, you may be itching to go out cruising around your neighborhood with your friends. Before you hit the road, you will need to take out an adequate amount of insurance. When first requesting information relating to how much is insurance for a 16 year old, you may be taken aback. Unfortunately, most insurers charge extortionate rates to teenage drivers, the following information will help you to get quotes that are more attractive.

First of all you should understand why it is that insurers charge such a high price to young drivers. Statistics indicate that men and women under the age of twenty one are involved in a proportionally higher number of accidents and claims than people who belong to other demographic groups. As the risks are greater, so is the cost of the insurance.

It is possible to be offered quotes that are more affordable if you were to do well in your studies. Most insurers are under the impression that those students who are academically gifted are more likely to be diligent drivers. Though this viewpoint is open to debate, the fact is that insurers do abide by this rule.

You will discover that the cost of a policy is far cheaper if you are able to locate a company that specializes in offering deals to young people. If you were to focus your search on the nation's most well known firms, it is unlikely that you will be offered an affordable plan.

The car that you drive will also have a major impact on how much you will need to pay for cover. When under the age of twenty-one, the expense incurred when insuring a sports car or SUV can be astronomical, a five figure sum may be quoted. It is always cheaper to start off with a small fuel efficient vehicle rather than a gas guzzling powerful car.

As most sixteen year old's still live with their families, there is always the option of being included on a parents' policy, this is a good way to drastically reduce the overall cost of the cover. The only problem that can be associated with this strategy is that should you then be involved in an accident, the cost of your parents' cover will shoot up massively.