A 17-year-old can save on car insurance by eliminating unnecessary coverage, comparing quotes from multiple insurers, and taking full advantage of discounts commonly offered to teens.
how much does car insurance cost for 17 year olds?
The average cost of car insurance for a 17-year-old is $737 per month. however, the cost of insuring a 17-year-old varies widely by insurer.
erie, which is available in 13 states, offers the cheapest insurance for 17-year-olds at a monthly rate of $275. usaa offers the second cheapest rate, $360 per month. however, usaa is only available to current and former members of the military and their families.
find the cheapest insurers for young drivers in each state
At a monthly rate of $423, geico is the cheapest auto insurance company for 17 year olds that is widely available across the country.
The chart below highlights the difference in annual costs between a 17-year-old driver on their parent’s plan and their own policy. our analysis found that adding a 17-year-old driver to a parent’s plan can be 55% cheaper than getting a separate policy.
cost of car insurance for 17 year olds compared to other ages
The cost of insuring a 17 year old is an average of $458 more expensive per month than the cost of insuring a 25 year old. A 17-year-old can expect her monthly insurance premium to drop by $121 when she turns 18.
why is car insurance so expensive for 17 year olds?
Young drivers are expensive to insure because they are statistically more likely to be in car accidents and therefore pose a higher risk to insurance companies. This may seem unfair, but 17-year-old drivers can take comfort in the fact that older, inexperienced drivers also pay higher car insurance rates.
As drivers gain experience, they are less likely to have accidents and therefore see lower rates, as long as they avoid traffic accidents and violations.
how are the rates different between 17 year old male and female drivers?
The average cost of car insurance for 17-year-old male drivers is 9% more expensive than for female drivers. This is due to the fact that young male drivers tend to have more accidents compared to young female drivers. 16- and 18-year-old male drivers also pay more for car insurance than their female counterparts.
how to save on car insurance for 17 year olds
The best way to save on car insurance for 17-year-olds is to add them to their parent’s policies, instead of getting their own car insurance. Plus, you can lock in lower rates by searching for quotes, exploring discounts, and choosing less coverage.
Insurance costs vary widely by location. The best way to ensure you get the lowest rates is by gathering quotes from multiple auto insurance providers in your area. for 17-year-olds, the cost varies as much as $8,724 per year between insurers for the same full-coverage policy. The more insurers you get quotes, the more likely you are to get the lowest rate possible.
look for discounts for 17 year old drivers
Most insurers offer discounts that mitigate the high cost of car insurance for young drivers. Some insurers, like progressives, even offer a discount just for having a young driver, under the age of 18, on a policy. Here are some common discounts for teen drivers:
eliminate collision and comprehensive coverages for cheaper autos
If you’re insuring a cheaper vehicle, you can save by not buying collision and comprehensive coverage. generally, we recommend dropping full coverage for vehicles worth less than a few thousand dollars.
Cheaper or older vehicles may not qualify for many discounts on vehicle equipment, such as discounts on air bags, anti-lock brakes, and burglar alarms. however, the amount you can save with these discounts is often less than the savings by omitting comprehensive and collision coverages.
how to get car insurance for a 17 year old
If you’re a parent adding a 17-year-old driver to your policy, getting coverage is often as simple as contacting your insurer or updating your policy online. this is the cheapest option to insure these drivers, but can still have a substantial premium increase.
can a 17 year old get his own car insurance?
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Most states allow 17-year-olds to own and insure their own vehicles. however, states often require a parent to sign a consent certificate or issue a permit before a minor can register a vehicle. Some insurers won’t offer insurance to a 17-year-old without a parent’s signature.
After obtaining the permit, the 17-year-old must learn how to collect and compare quotes when obtaining an auto insurance policy. To start comparing auto insurance costs in your area, use our quote tool above.
how to get insurance with a learner’s permit
Teenagers with learners’ permits are sometimes covered by their parents’ policy and therefore do not need to be added as drivers. this can vary by insurer, so the best way to be sure is to contact your insurance company and let them know that a teen with a learner’s permit will be driving a car covered by your policy.
If your insurer says your policy already extends to temporary drivers, it’s unlikely you’ll see your insurance rates go up.
Our analysis collected auto insurance rates from thousands of zip codes in nine of the most populous states in the us. uu. Our two sample drivers were a 17-year-old male and a 17-year-old female driving a 2015 Honda Civic Ex. Both drivers had clean driving records.
The full coverage policies we used had the following limits:
Our analysis covered 29 insurance companies, but insurer rates were only included in our list of average prices and recommendations if their policies were available in at least three of the nine states.
valuepenguin’s analysis used data from quadrant information services. These rates were obtained publicly from insurer filings and should be used for comparison purposes only. your quotes may vary from the averages listed in this study.