Car Insurance For Teenagers

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The cheapest car insurance for 17 year olds can be found with Erie Insurance for $261 per month or $3,137 per year for a full auto insurance policy.

Car Insurance For Teenagers

Car Insurance For Teenagers

Author: Daniel Robinson Written by: Daniel Robinson Author Daniel is a Group Editor and has written for a number of automotive news sites and marketing agencies in the US, UK, and Australia, in automotive finance and car maintenance title. Daniel is the Guide Team’s authority on auto insurance, loans, warranty options, auto services and more.

Pay Less For Car Insurance For Teens & New Drivers

Edited by: Rashawn Michner, Edited by: Rashawn Michner Managing Editor Rashawn Michner is a Guide team editor with more than 10 years of experience covering personal finance and insurance topics.

Car insurance for teenagers is expensive, but some companies offer better rates than others on average. We have a group of guides that compare the cheapest car insurance companies across the country for many drivers. Learn how to get affordable coverage for a 17-year-old here.

Cheap car insurance for young adults Best car insurance for new drivers Car insurance for teenagers

The Guide team is committed to providing reliable information to help you make the best decision about your car insurance. Because customers trust us to provide accurate and complete information, we have created a comprehensive rating system to compile our rankings of the best car insurance companies. We collect data from dozens of auto insurance providers to grade companies on a variety of ranking factors. After 800 hours of research, the final result is an overall rating for each provider, with the top insurers on the list.

How Much Is Car Insurance For A 17 Year Old?

According to our rate calculations, 17-year-olds are paying an average of $5,612 per year or $468 per month for individual full-service auto insurance policies. That’s nearly three times the national average for middle-class drivers, which is $1,730 per year. Car insurance for 17-year-olds is expensive because young drivers have less experience and are more likely to get into an accident.

Even the best car insurance for 17-year-olds will be more expensive than car insurance for other age groups. This is because young drivers are more likely to be involved in car accidents than older drivers.

Seventeen-year-old drivers have less driving experience than older drivers, so car insurance companies view them as high-risk drivers. And not without reason. According to the AAA Foundation for Traffic Safety, in 2015 16-year-old and 17-year-old drivers were 4.5 times less likely to be involved in a crash than drivers in their 30s, 40s and 50s.

Car Insurance For Teenagers

Not all car insurance companies charge the same amount for 17 year old drivers. This is because no two insurance providers are the same, and they all have different methods for calculating insurance premium costs.

Car Insurance For Teenagers

Many factors affect car insurance quotes for 17-year-olds, including their age, location, driving history and credit score. The sections below show the cheapest car insurance companies for 17 year old drivers.

Our calculations show that Erie Insurance is the cheapest local provider with average rates of $3,137 per year or $261 per month. USAA is the cheapest domestic carrier with an average rate of $3,398 per year or $283 per month.

Below are 11 popular car insurance companies ranked by full insurance cost for 17-year-olds with their own policy.

* Car insurance estimates are based on full policies with $50,000 bodily injury per person, $100,000 bodily injury per accident and $50,000 per accident property damage and $500 deductibles for accident coverage and comprehensive coverage. .

Cheapest Car Insurance For Teens In 2023

The cheapest supplier in one state is not necessarily the cheapest in another. State laws vary and companies may assess risk differently between states. Below, you will find providers with the average annual rate for 17-year-old drivers in each state.

While 17-year-olds pay an average of $5,612 per year for auto insurance policies nationally, some states pay twice as much. Connecticut, Michigan and Florida have the highest average cost of car insurance.

Our top picks for car insurance for 17-year-olds offer lower rates than the national average, as well as different discounts that apply to young drivers.

Car Insurance For Teenagers

Considering availability and average cost, State Farm is the best car insurance for 17-year-olds. Average rates from State Farm are about 34% below national rates for this age group. In addition, State Farm offers discounts and programs that can help young drivers save money, including:

Average Cost Of Car Insurance For 19 Year Olds In 2023

Erie Insurance is another cheaper option for drivers under the age of 17. In fact, the average rates for this age group are about 44% lower than the national average. This is a huge difference in annual premium costs. Unfortunately, Erie is only available to drivers in Washington, D.C., and 12 states: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin.

According to our rate calculations, Geico is about 35% cheaper than the national average for 17-year-olds. We rank Geico as the best overall provider for good drivers because of the company’s strong reputation, service Good customer and local selection options. Geico offers the following discounts for young drivers:

USAA is generally one of the cheapest carriers around – 17 year olds pay about 39% less than the national average with USAA. However, USAA is only available to military members, veterans and members of the military. Seventeen-year-olds may be eligible for coverage if they are enlisted in the armed forces or if they have parents who are or have been members of the military. USAA offers the following useful discounts:

Auto-Owner is one of the cheapest car insurance companies for 17-year-olds. Our statistics show that this age group pays about 43% less to auto owners than the national average. Auto-Owner is available in 26 states and offers the following discounts that may be beneficial to children under 17:

How To Pick The Right Car Insurance For Your Teen Driver

There are many factors beyond age that affect the cost of an auto insurance policy – some of which are within your control. You can get quotes from different providers and get lower rates in the following ways.

The type and level of coverage you want will determine your car insurance rates. Most states only require liability coverage, which pays for other cars and other people’s medical bills if you cause an accident. This is the least expensive option.

But if you have an auto loan, you’ll need full coverage, including collision and comprehensive coverage. These cover damage to your car when you cause an accident or run into something. You can set your policy limits to control costs.

Car Insurance For Teenagers

Increasing your deductible can lower your car insurance payments. However, if you get into an accident you will have to pay more out of pocket, so don’t let the deductible be too high.

Auto Insurance For Teens After An Accident (2023)

Car insurance for teenagers is already expensive, so keeping a clean driving record is important. A good driving history allows you to qualify for safe driving discounts.

By far, the best way to save money on teen car insurance is to add a teen driver on the parent’s policy. Having a separate policy will almost always be more expensive, even if you shop around from the best providers.

Children under the age of seventeen may receive certain discounts that other drivers may not have access to. The following discounts can help ease the stress of paying high rates for insurance.

You can also view Accidental Forgiveness as an add-on. Accident forgiveness keeps your rates the same as if you were in an at-fault accident. Some companies offer this option only after a few years of coverage, however.

How To Lower Teenage Car Insurance: 4 Tips

Seventeen-year-olds with good driving records can find lower average rates from providers like Erie, Auto Owners, USAA, Geico and State Farm. We recommend comparing at least three car insurance quotes when shopping.

Based on our research, Erie Insurance offers the cheapest car insurance for 17-year-olds at $261 per month or $3,137 per year for a blanket policy. Auto and USAA can also be affordable options.

Our cost estimates show that 17-year-old drivers in CT can get affordable coverage for $228 a month in the state or $2,731 a year from Geico.

Car Insurance For Teenagers

There are many cheap cars to check out for 17-year-olds, from compact cars to sedans and mid-size SUVs. In general, sports and luxury cars are more expensive to insure, so avoid them. Also, insurance is less expensive than if you own a car outright and don’t need to get full coverage.

Best Cheap Car Insurance For 17 Year Olds (2023)

Car insurance for a base-model Dodge Charger costs a little more than a standard car, even for a 17-year-old. However, upgrading to higher performance models like the Scat Pack with 485 horsepower or the SRT Hellcat with 650 horsepower will increase your risk level in the eyes of insurance companies and cost more.

Yes, 17-year-olds can pay monthly for car insurance. All major providers offer monthly payment plans. Some offer a small discount for paying for a full six months or year in advance, while others do not.

Because customers trust us to provide accurate and accurate information, we have created a comprehensive evaluation system to establish our rankings.

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