Finding good rates to insure a teenager may be a difficult task. First, we have to think about how insurers base our rates depending on the risk.
Statistically speaking, the driver’s age has a direct impact on the number of claims due to accidents reported to insurance companies. The ages from 16 to 24 are the ones which will be high rated by insurers. Of course, someone who is 24 with no accidents will pay less than a 16-year-old with no accidents; however, the big drop in rates is when you turn 25.