* The driver's driving record: A clean record will result in significantly lower premiums than one with accidents or tickets.
* Location: Insurance rates vary drastically by state and even zip code due to things like accident frequency and the cost of healthcare.
* The specific Mustang model and year: A used Mustang will likely be cheaper to insure than a new, high-performance model.
* Coverage levels: Higher coverage limits (liability, collision, comprehensive) mean higher premiums.
* Discounts: Insurance companies offer discounts for good grades, safe driver courses, and bundling policies (home and auto).
* Insurance company: Different companies have different rating systems and pricing structures.
To get an accurate estimate, a 16-year-old (or their parent) needs to get quotes from several insurance companies by providing all the relevant information. Using online comparison tools can be helpful to quickly compare rates from different insurers.
