How to Get the Cheapest Car Insurance at 16 Years Oldīuying coverage under an existing policy with your parent is the best way to get affordable insurance as a 16-year-old. While USAA tends to have cheaper rates, coverage is available only to active military and family members. USAA: Average annual rate of $1288 (females) and $1369 (males).State Farm: Average annual rate of $1759 (females) and $2120 (males).Progressive: Average annual rate of $2440 (females) and $2632 (males).Geico: Average annual rate of $1180 (females) and $1316 (males).Allstate: Average annual rate of $1191 (females) and $2174 (males).USAA: Average annual rate of $3253 (females) and $3556 (males).Ī driver's gender can also affect minimum coverage policies:.State Farm: Average annual rate of $4328 (females) and $5232 (males).Progressive: Average annual rate of $6454 (females) and $7170 (males).Geico: Average annual rate of $3126 (females) and $3577 (males).Allstate: Average annual rate of $5563 (females) and $6427 (males).The following insurance providers have the largest variation among genders for full car insurance coverage: According to Nerdwallet, male teen drivers tend to pay higher rates compared to females. Car insurance for a teen driver can be costly, but parents can seek cheaper rates. Some of the cheapest insurance providers for 16-year-old drivers tend to be Geico, Allstate, Progressive, and State Farm.

19 years: Average annual rate of $1451 (minimum coverage) and $3716 (full coverage).18 years: Average annual rate of $1938 (minimum coverage) and $4837 (full coverage).17 years: Average annual rate of $2206 (minimum coverage) and $5373 (full coverage).16 years: Average annual rate of $2733 (minimum coverage) and $6613 (full coverage).While you are likely to have the highest rates when you are 16 years old, the average annual rate will usually decrease with each year: This payment level is due to the minimum driving experience, making younger drivers more at risk of accident involvement and filing a claim. Drivers between the ages of 16 to 19 years old pay more than drivers in any other age range. But 16-year-olds tend to pay the highest rates. Car insurance rates for 16-year-olds vary from state to state.

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