Cheap Car Insurance For 17 Year Old
How much does it cost to get car insurance for a 17-year-old male or female?
On average, car insurance for a 17-year-old female or male costs around $737 per month. But keep in mind, the actual cost can vary depending on which insurance company you choose.
If you’re looking for an affordable option that’s available all across the country, Geico is your best bet. They offer car insurance for 17 year olds at a monthly rate of $423.
Another good option is Erie, which operates in 13 states. They provide the cheapest insurance quotes for 17-year-olds, and it’ll only set you back $275 per month. USAA is the second-cheapest option, with a monthly rate of $360. However, it’s important to note that USAA is only available to current and former members of the military and their families.
Why does car insurance cost so much for 17-year-olds?
When a car insurance company covers a 17-year-old driver, it’s seen as a bit risky. Numbers show that 17-year-olds tend to take more risks while driving, and that makes insuring them a riskier business for insurance companies. To protect themselves from this risk, insurance companies charge higher prices, and unfortunately, it means more expenses for the people buying the insurance. In 2019, the average 17-year-old had to pay around $5,429 every year for car insurance, which is way more than the $1,548 that most people across the country pay.
The cost of your car insurance also depends on a few other things. Your age, the specific insurance company you choose, whether you’re a boy or a girl, where you live, and the type of car you drive all play a role in how much you’ll have to pay for insurance. To really understand why car insurance costs so much for 17-year-olds and figure out ways to spend less (like checking out different quotes), we took a close look at all the factors that affect the price.
Best car insurance companies for 17-year-olds Female or male
Finding the right car insurance as a 17-year-old is important to make sure you’re covered and get the best deal. We looked into different companies to help you find the one that suits your needs. Here are some options based on their prices, coverage, discounts, and ratings from independent sources:
- Allstate: $4,267 per year
- Amica: $3,385 per year
- Erie: $2,700 per year
- Nationwide: $2,217 per year
- State Farm: $2,874 per year
These companies offer various options to consider, so you can choose the one that works best for you. Remember to compare their coverage and discounts to find the right fit for your needs.
How to save on 17-year-old Car Insurance
Saving money on car insurance for a 17-year-old can be a good idea. Let’s talk about some ways to do that.
1. Defensive Driver Discount: Taking a driving course that focuses on highway safety and smart driving can save you money on your or your teen’s car insurance. Not all insurance companies offer this discount, so check with your company beforehand.
2. Good Student Discount: Maintaining a GPA of 3.0 or above can also save you money. Your insurance company may ask for proof every 6 to 12 months. Usually, a transcript is enough evidence.
Average Savings for Defensive Driver/Good Student Discounts:
- Age 16: $439 (Male) / $248 (Female)
- Age 17: $348 (Male) / $222 (Female)
- Age 18: $338 (Male) / $197 (Female)
- Age 19: $278 (Male) / $160 (Female)
3. Keep Young Drivers on the Family Policy: It might be cheaper to keep your 17-year-old on your policy unless they have a high-paying job. On average, it costs $57 more per six-month policy for them to have their own plan.
4. Maintain a Clean Driving Record: Avoid distracted or reckless driving to keep your insurance costs down. A clean driving record can also qualify you for a safe driver discount.
5. Be Smart with Your Claims: Avoid using your collision coverage unless your vehicle is totaled. Using it can be seen as an at-fault accident, leading to increased premiums. Consider repairs versus the cost of filing a claim.
Average Cost Increase after an Insurance Claim:
- Increase at 6 months: +$291
- Increase at 12 months: +$582
- Increase at 3 Years: +$1,746
6. Be Smart with Your Coverage: If your vehicle is older and worth less than $4,000, you may not need comprehensive and collision coverage. Cutting these coverages can significantly reduce your premium.
Average Annual Premium by Coverage Level:
- Liability only: $597
- Full coverage w/$1,000 deductible: $1,554
- Full coverage w/$500 deductible: $1,760 (Data updated: 12/12/23)
7. Shop Around: Explore car insurance options with different companies every 6 months to ensure you get the best rate. Only with The Zebra can you compare hundreds of premiums at once.
What Factors Influence the Cost of Car Insurance for 17-Year-old Female or Male?
When it comes to figuring out how much car insurance costs for 17-year-olds, several things come into play. Let’s break it down in a simpler way:
1. Age: Being 17 means you’re pretty new to driving, and that makes insurance companies see you as a bit riskier. Since they set prices based on how much risk they think you pose, younger drivers generally end up paying more for insurance.
2. Gender: Some studies show that guys tend to take more risks on the road, like not wearing seatbelts or speeding. Because of this, insurance companies in many states might charge male drivers more. But in a few places, like California, Hawaii, Massachusetts, Michigan, North Carolina, and Pennsylvania, they’ve said no to this practice.
3. Location: If you live in a big city, insurance could cost more because there’s usually more chance of things like theft or accidents. Where you live also affects other things, like weather and how much it costs to fix cars or get medical help, and that can change how much insurance costs.
4. Type of Car: The kind of car you drive matters, too. Insurance companies look at how much your car is worth, how expensive it is to fix, and how often it gets stolen. They also check if that specific car model has had a lot of claims in the past.
5. Driving History: If you’re a good driver with no speeding tickets or accidents, you’re in luck! Good drivers usually pay less for insurance. But if you’ve been caught speeding or in a crash, your rates could go up. It’s especially true if you were at fault for the accident.
6. Coverage Amount: How much coverage you want also affects the cost. More coverage means higher costs. It’s like deciding how much protection you want for your car.
7. Deductible Selected: Lastly, there’s something called a deductible. This is the money you agree to pay from your pocket if something happens to your car. If you choose a higher deductible, your insurance costs might be less, but if you ever need to make a claim, you’ll have to pay more from your own money.
So, when you’re thinking about car insurance, these are the things that companies consider to decide how much it’ll cost for a 17-year-old driver.
How to Get Cheap Car Insurance for a 17-Year-Old Male or Female
If you’re a parent and you need to get insurance for your 17-year-old who just started driving, it’s usually quite straightforward. You can either give your insurance company a call or update your policy online. This is the most affordable way to insure your teen driver, but be aware that it might result in a significant increase in your insurance rates.
Can a 17-year-old buy their own car insurance? In many states, 17-year-olds are allowed to own and insure their own cars. However, there’s often a requirement for a parent to sign a consent form or give permission before the young driver can register a vehicle. Some insurance companies may insist on having a parent’s signature before providing coverage for a 17-year-old.
Once you have the necessary permission, the 17-year-old should learn how to gather and compare insurance quotes when shopping for coverage. To easily compare car insurance prices in your area, you can use our quote tool.
How to get insurance with a learner’s permit Teens with learner’s permits are sometimes covered by their parent’s insurance policy and may not need to be officially added as a driver. The specifics can vary depending on the insurance company, so the best way to confirm is to get in touch with your insurance provider and inform them that a teen with a learner’s permit will be driving a car covered by your policy.
If your insurer confirms that your policy already covers provisional drivers, you probably won’t see an increase in your insurance rates.
How to Find Cheapest Car Insurance for 17-Year-Old Male Or Female
If you want to lower the cost of your car insurance, there are a few things you can do.
- Look for Discounts: Many insurance companies offer discounts, and there are some specifically for young drivers. For example, if you’re a full-time high school or college student and maintain good grades, you might qualify for a good student discount.
Other discounts available to drivers of all ages include bundling (getting multiple types of coverage, like auto and home, from the same insurer), insuring more than one vehicle (multi-policy discount), and paying your entire annual premium upfront for a pay-in-full discount.
- Choose an Affordable Car: The cost to insure a car depends on how expensive it is to repair or replace. If you’re looking to buy a car, it’s a good idea to compare insurance quotes for each vehicle you’re considering.
- Consider Higher Deductibles: A deductible is the amount you pay out of pocket before your insurance kicks in. If you choose a higher deductible, your insurance rates may be lower. However, keep in mind that if you need to make a claim, you’ll have to pay more upfront.
For example, if your 17-year-old has an accident causing $3,000 in damage, and you have a $1,500 deductible, your insurance would cover $1,500, and you would be responsible for the remaining $1,500.
- Review Coverage Amounts: You can reduce your insurance payments by lowering your coverage amounts. But be careful, because your insurance will only pay up to the limits you set. If the cost of an accident exceeds your coverage limits, you’ll have to pay the difference.
While a small accident might not be a big issue, a more serious accident can be expensive, especially if it involves injuries and is your fault. So, think carefully before decreasing your coverage.
- Compare Insurance Quotes: The most effective way to save on car insurance is to compare quotes from different insurers. Costs and features can vary, so getting quotes from at least three auto insurers can help you find the best rates and coverage for your situation. You might even discover that changing insurers can save you money on your overall auto insurance costs.
Can a 17-year-old own a car and get insurance for it?
In most states, if you’re 17, you can own a car and get insurance, but there’s a catch. A parent or legal guardian needs to sign alongside you for both the car’s title and the insurance coverage.
Are the basic insurance requirements enough for my 17-year-old driver?
Okay, so when you’re insuring a 17-year-old, you start with something called liability protection. It’s like the first layer of defense. But, here’s the thing, just going for the minimum coverage might not be enough. Medical bills and property damage costs can add up real quick, especially if there’s been a serious accident. If you’re still paying off the car, you’ll need more coverage – something called comprehensive and collision coverage.
Do 17-year-olds have to get the fancier full coverage insurance?
Here’s the deal: there’s no law saying 17-year-olds must have what’s called “full coverage.” But, if the car is on a lease or you’re still making payments for it, the folks who lent you the money will insist on it. Full coverage means you’re not just covered for accidents you cause, but also for stuff like theft or natural disasters.
Is it true that driving safely can make insurance cheaper for my 17-year-old?
Yes, it’s true! How your 17-year-old drives affects how much you pay for insurance.
So, car insurance costs depend on a bunch of things, including how good a driver you are. If your teen keeps things safe on the road, the chances of accidents or getting caught speeding go down. And guess what? That means the insurance bill can also go down.
Some insurance companies even give discounts if your teen signs up for special programs. These programs keep an eye on how fast they go, how they brake, and when they drive. If your teen drives like a pro, they might get a discount on their insurance.
Which insurance is the cheapest for 17-year-olds?
Alright, so after checking things out, it seems Erie Insurance is the most budget-friendly for 17-year-olds. It’s around $261 each month or $3,137 per year for a complete coverage plan. But hey, Auto-Owners and USAA could also be good options if you’re looking to save some cash.
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