The question cannot be answered as phrased for several reasons. The main reason is because you have not identified the type of insurance involved or other variables concerning it. However, I will assume, since the subject of the question is 16, that you are referring to auto insurance.
Insurance rates, from which premiums derive, are regulated by the individual states. Aiong the factors considered by the regulator is the insurer's overhead, what is considered to be a reasonable profit, the way in which the insurance is sold (for example, does the insurer use an agency system or is it a direct writer?) and the insurer's historical loss ratio.
All of that said, the precise premium for a 16 year old in MD depends upon other factors, too. A few factors include:
1. Whether or not the person took a driver's ed course.
2. Whether the person will be the primary driver of a family car or the sole driver.
3. What coverages are being issued and in what policy limits. Related to this, if physical damage coverage is involved, the amount of the deductible.
4. If the person's family has other coverage with the insurer, certain multi-policy discounts may apply.
5. The identity of the insurer.
Contact an insurance agent. They will give you a quote.
Probably a lot.
Auto insurance will cost around 150 to 200 dollars a month for a 19 year old male. The exact amount depends on type, year, model and make of car and other factors.
Contact an Insurance Agent for a rate quote. There is no such thing as an average cost of car insurance for a 17 year old or any other age male.
There are too many variables to be able to give you an estimate. It depends on the car, your record, and how much insurance. For an accurate price contact an insurance company.
How much is insurance for 747
2200 bucks for a 18 year old male with no wrecks driving an '03 Yukon
The average cost of car insurance is around 125 dollars a month for a 24 year old male in Florida. The exact amount will vary with make and model of car.
1500
it depends on a lot of factors
More than you could afford...
$750.00 a year