What is average cost of insuance?

Question

what is the average cost of insurance for a 16 year old male with a Toyota Corolla.

Answer 1

That depends on a lot of different factors:

What state are you in?

Do you need just liability, or full coverage?

Any accidents or tickets?

Are you a "good student" with gpa at 3.0 or higher?

Did you take Driver's Ed?

Will you be on your parents policy?

If so, do your parents own their home?

If so, do they have it insured with the same carrier as their car?

If you are on your parents policy, they own their home, it's insured with the same carrier, you're a "good student", you've taken Driver's Ed, you have no accidents or tickets, it may be possible to get liability only coverage for as low as $100 a month, depending on your parents liability limit. If you need comprehensive and collision it will be considerably more, depending on the year of car.

Answer 2

this will vary for everyone depending on location, driving record, etc, etc.

at that age, it would probably be better just to be added as a driver to your parents insurance.

Have them call and get a quote, you can also get free quotes by calling different insurance places or going to their websites.

Its probably going to be high, however.