Car insurance for teens is much more expensive than coverage for older, more experienced drivers, due to teens' propensity to drive riskly and the relative lack of experience behind the wheel. Consider USAA, State Farm, Missouri Farm Bureau and American Family Insurance when looking for the cheapest car insurance in Missouri. Factors such as a history of previous accidents, traffic violations, and poor credit ratings influence how much the policyholder will pay for insurance coverage. Although it is usually less expensive than a full coverage plan, liability insurance does not protect against an accident or theft of the insured vehicle.
In most cases, you should add your 16-year-old son or daughter to your car insurance as soon as they get their license. Missouri car insurance quotes vary greatly depending on a variety of factors, including the type of coverage you choose, coverage limits, your address, and personal factors. The parts of car insurance that are most often eliminated are comprehensive coverage and collision coverage, which pay for the repair of your own vehicle. Even if you can buy your own policy, you'll probably need your parents to approve the agreement.
The insurance company won't allow you to buy a policy on your own when you're a minor, as minors can't legally sign contracts. While car insurance for 16-year-olds is expensive, you can save by sharing an insurance policy with your parents, getting quotes from multiple insurers, and maximizing the discounts you get. To offset the high cost of insurance for 16-year-olds, many insurance companies offer a variety of discounts aimed specifically at young drivers. See the table below to see the cheapest auto insurance providers on average to get full coverage insurance in the state.
According to research by the Insurance Information Institute, 16-year-old boys have a higher frequency of accidents than 16-year-old girls. Geico and State Farm are often the cheapest insurers, as both companies are the cheapest option in three states. Compare providers' auto insurance policies to find out which ones best fit your cost and coverage needs. Cars that are considered more expensive to repair, such as luxury cars and electric vehicles, can make their rates higher than those that may cost less to repair.
Car insurance is much more expensive for 16-year-old drivers because they are more likely to have accidents than older drivers.