Cheap Auto Insurance for 16 Year Olds in Vermont

The model of vehicle you are buying coverage for is one of the main factors in finding the most affordable car insurance for 16 year olds. Vehicles with economical engines, good safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models. The next tables ranks coverage prices for a selection of the cheapest vehicles to insure in Vermont.

Table data assumes single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in specific location information which can revise auto insurance rates substantially.

Above prices assume single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific zip code location which can revise coverage prices greatly.

Above prices assume single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Vermont minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location which can increase or decrease price quotes noticeably.

Buying cost effective car insurance is easier said than done, and determining which companies have the lowest-priced auto insurance rates for 16 year olds will take even more perseverance. Rates will be quite a bit greater than the average policy in Vermont, with the increase attributed to the added risk that comes with offering coverage for new drivers, but competitively-priced insurance may be possible with a little diligence. Every insurance provider has a different process for setting prices, so we’ll go over the most competitive auto insurance companies in Vermont.

It’s important to know that Vermont auto insurance rates are determined by lots of factors that can increase the cost of having a policy. This is why it is critical to compare lots of rates to get the most budget-friendly car insurance quotes for 16 year olds. Prices are calculated by many risk factors and can decrease or increase without notice, so the best option a year ago may now be quite expensive.

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Safeco may offer some of the best car insurance rates in Vermont at around $463 a year. California Casualty, USAA, The Hartford, and Travelers also make the cut as some of the more affordable Vermont car insurance companies.

As the rates illustrate above, if you are currently insured with The Hartford and switched to Safeco, you might realize yearly savings of about $176. Customers with Travelers might save as much as $252 a year, and Unitrin policyholders might reduce rates by $275 a year.

It’s important to note that these premiums are averaged across all insureds and vehicles and are not factoring in a rate increase for 16 year olds. So the insurer that is best suited for you may not even be in the chart above. That affirms the importance of why you need to get rate quotes using your own driver information and specific vehicle type.

Responsible drivers pay cheaper auto insurance rates

The common sense way to find cheap auto insurance prices for new drivers is to drive cautiously and not get tickets or have accidents. The diagram below illustrates how violations and accident claims influence auto insurance rates for each different age group. Data assumes a married female driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

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The data in the chart shows the average cost of auto insurance per year with no accidents or violations is $1,287. Get one speeding ticket and the average cost increases to $1,499, an increase of $212 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of auto insurance for 16 year olds increases to an average of $2,100. That’s an increase of $813, or $68 per month, just for not driving carefully!