Car insurance is very important for every driver who is planning to buy a car. This is because in case of an accident, the insurance company pays the claims. The insurance premium that has to be paid may change from year to year and from person to person. If you are a 16 year old, then you may be wondering how much is car insurance for a 16 year old. This article tells all about the insurance for a 16 year old.
The sex of the driver plays a very important role in the cost of insurance that you pay. If you are a female, then you might probably need to pay less than what a male of your age would be paying as insurance. This is because the insurance companies think that women even if they are young will drive more carefully and they may cause fewer accidents when compared to a man of the same age.
The insurance that has to be paid by you also depends on the make of your car and the year of purchase. If you are purchasing a new car, then the insurance that has to be paid will be high. This is because if the insurance company has to settle a claim on a new car, the cost will be very high. The insurance depends on the make of the car because an ordinary car will cost less than a fancy sports car. So if you are driving an ordinary car, then the insurance that you have to pay will be less.
The safety aspect of driving also plays a very important role in the insurance that you have to pay. As a 16 year old, you may not have a record of your driving capabilities and this makes the insurance company charge a bit more as premium for the insurance. Once you become older and have a high safety record, then your insurance company will surely charge you a lesser amount as premium that you have to pay.
The cost of the insurance per year will vary depending on the factors that have been listed above. There are other factors that can also come into play in the cost of insurance. The place where the person is staying also plays a role in the cost of the insurance. The range of the insurance that one has to pay will be anywhere from $100 per month which is about $ 600 every 6 months to about even $ 3000 every 6 months for expensive cars.