Is car insurance for a 16-year-old always this expensive?
I’m about to get my license as a 16-year-old guy, and after discussing it with my mom, we figured out that the best option for me is to get insurance as a part-time driver. The downside? The cost is $375 a month, which adds up to $4,500 a year. I’ve checked online (like on Reddit), and many people say their rates went up by about $2,000 a year. So why is mine so high? Is this normal?
I’ve completed driver’s ed and have good grades, and that $375 is already factoring in both those discounts.
Edit: I live in Connecticut.
Hey! It’s definitely common for car insurance for 16-year-olds to be quite expensive, and it sounds like you’re experiencing that firsthand. Insurance companies view young drivers, especially males, as higher risk due to statistical data. Even with your good grades and completion of driver’s ed, insurers still weigh age and inexperience heavily in their calculations.
In Connecticut, rates can also be affected by factors like the type of car you’re driving, your family’s insurance history, and where you live. Your premium of $375 a month is on the high end, but it’s not unheard of, especially if you’re looking at full coverage or insuring a more expensive vehicle.
You might consider looking into discounts, bundling insurance policies, or even shopping around with different insurers for better rates. Sometimes it can also help to add yourself as a secondary driver on a parent’s policy instead of having your own, at least until you have a bit more experience and the chance to build a driving record. Good luck, and safe driving!