Car Insurance for 17-Year-Olds: How Much Will It Cost?
Teenagers are eligible to drive in most states by the age of 17 .
But, car insurance for 17-year-olds can be prohibitively expensive, peculiarly if the adolescent has a policy all her own .
The reality is :
There ’ s a long list of reasons why cable car indemnity for 17-year-olds is so dearly-won .
hush, there are besides batch of strategies to help minimize the price to insure young drivers, at least until they get older ( when rates drop importantly ) .
Average Cost of Car Insurance for 17-Year Olds
The national averages are as follows :
- Males: $5,836 (representing a decline of more than $1,600 from the $7,483 average for 16-year-old male drivers)
- Females: $5,490 (representing a decline of over $1,000 from the $6,562 average for 16-year-old female drivers)
- Average premium for both males and females: $5,925
The gap between the premiums paid by 17-year-old males and 17-year-old females is $ 346 in privilege of females .
Above is the average monetary value of car policy for 17-year-olds, both male and female, and the average for both. The quotes reflect “ broad coverage ” of $ 100,000 for injury liability for one person, $ 300,000 for all injuries in one accident, and $ 100,000 for property damage ( this is normally referred to as 100/300/100 coverage ) .
The good news :
The price of car indemnity for 17-year-olds is at least a short piece better than it is for 16-year-olds. But, that ’ s a small consolation because the reduction international relations and security network ’ metric ton that capital .
How much you ’ ll give for car policy for any driver depends on the follow factors :
- The driver’s gender
- Your state of residence
- Your specific ZIP Code (rates can vary dramatically within the same state)
- Type, age and style of vehicle you drive, as well as any safety equipment it has
- The amount of coverage you need, including collision and comprehensive coverage
- The insurance company you obtain coverage from
- Any discounts you may qualify for
- Driving history
Each of the above factors can have a corporeal impression on the come a 17-year-old will pay for car indemnity. That bounty may be either higher or lower than nationally averages .
Let ’ s look at each of the driver visibility factors, and how they impact the monetary value of car policy for 17-year-olds .
Gender
Whether you ’ re a male or female, car indemnity premiums for 17-year-olds are high .
But females get a morsel of a break .
This owes to the fact that industrywide, 17-year-old boys have a higher incidence of bad repel .
Most Expensive Car Insurance Rates for 17-Year-Old Males
| State | Teen policy | Parents’ policy with teen added |
|---|---|---|
| Louisiana | $10,921 | $5,560 |
| Michigan | $10,727 | $5,587 |
| Rhode Island | $10,077 | $5,226 |
| Connecticut | $9,322 | $5,129 |
| Florida | $8,938 | $5,138 |
| Kentucky | $8,564 | $3,673 |
| Delaware | $7,920 | $3,408 |
| California | $7,806 | $4,619 |
| Oklahoma | $7,783 | $4,166 |
| Nevada | $7,684 | $4,566 |
Most Expensive Car Insurance Rates for 17-Year-Old Females
| State | Teen policy | Parents’ policy with teen added |
|---|---|---|
| Michigan | $10,580 | $5,514 |
| Louisiana | $9,347 | $5,043 |
| Rhode Island | $8,552 | $4,497 |
| Connecticut | $7,911 | $4,467 |
| Florida | $7,582 | $4,574 |
| Kentucky | $7,401 | $3,359 |
| Nevada | $6,784 | $4,060 |
| Oklahoma | $6,685 | $3,539 |
| Delaware | $6,674 | $3,022 |
| Arkansas | $6,642 | $3,095 |
Factors Affecting Car Insurance for 17-Year-Olds
The insurance premiums listed above are national averages for full cable car indemnity coverage .
But there are variables within those averages that can result in car insurance premiums that are either higher or lower .
State of residence
Though the average premiums for 17-year-olds – both male and female – may seem high, there are very large variances from one state to another .
For example, the average premium for wide coverage for a 17-year-old female is $ 1,424 in Hawaii at $ 10,580 in Michigan .
The situation is similar for 17-year-old males. Premiums range from a depleted of $ 1,424 in Hawaii, to a high of $ 10,921 in Louisiana .
a lot of that has to do with variations in laws between states. But you should besides be mindful that flush within the lapp state there can be big differences in the premiums paid from one ZIP Code to another .
Type of vehicles covered
This is a major factor in determining car policy premiums .
If a 17-year-old will be driving a truck, a sports car, or a luxury vehicle, the bounty will be much higher than for a basic sedan .
An older fomite may be less expensive as well, because collision and comprehensive coverage may not be necessary .
There ’ mho typically no want for those extra coverages if the value of the fomite is no more than a few thousand dollars .
The safety equipment in a vehicle is also a factor.
If the fomite includes anti-lock brakes, automatic seatbelts, side doorway airbags, and specially electronic constancy command, the agio will be lower .
Coverage amount
The premiums quoted so army for the liberation of rwanda are for full coverage – 100/300/100. But you can pay much lower premiums with reduce coverage amounts .
If, alternatively, you choose lower coverage limits, like 50/100/50, the premiums will be well lower .
But the biggest savings will come from going with minimal coverage. This varies from state to state but can be arsenic low as 10/30/10 .
For case, in New Jersey – where the premium for 17-year-old females comes closest to the national modal – the premium for state-mandated minimum coverage falls to $ 2,424. That ’ second more than $ 3,000 below the monetary value of the premium for broad coverage .
For a 17-year-old male in New Jersey, the premium for state-mandated minimum coverage is $ 2,574. That ’ s a savings of more than $ 3,200 per year, compared with the agio on full coverage .
The insurance company you obtain coverage from
There are besides significant differences between policy companies.
For case, the national modal bounty for full coverage with Concord is $ 1,902 per year. But at the inverse end of the spectrum, it ’ randomness $ 9,269 with Amica .
This international relations and security network ’ thyroxine to say that Concord will be the cheapest in every country .
Because of submit laws, and each policy ship’s company ’ second experience in a particular state, the lowest-cost supplier will be different in each state .
Available discounts
All insurers offer discounts, and they can make a veridical difference in cable car indemnity premiums .
As an example, Geico offers the following discounts :
- Air bags: 23%
- Anti-theft system: 23%
- New vehicle discount: 15%
- Good student: 15%
Ask for a complete list of discounts from any car policy company you are considering to cover your 17-year-old, and take advantage of each that applies in your site .
Driving history
This is not a factor for 16-year-olds, since there is typically no driving history character when you first become a license driver .
But it does become a divisor after you ’ ve been driving for at least six months, and decidedly after one class .
According to CarInsurance.com, a single at-fault accident with bodily injury can increase the premium by 32 %. An at-fault accident with property damage over $ 2,000 can increase it by 31 %. And two at-fault accidents with property damage over $ 2,000 will increase the bounty by 110 % .
Moving violations are another exercise of a drive consequence that will increase your premium .
You can expect them to increase by 22 % to 32 % after a single speed ticket .
But precisely how much the increase will be will depend on your state of residence and how by many miles per hour you exceeded the travel rapidly limit .
Why Car Insurance for 17-Year-Olds is Expensive
even though a 17-year-old at least some driving experience when compared with 16-year-olds, the premiums are still exorbitant .
This has to do with the play along factors :
- A short or non-existent driving history
- Little or no driving experience
- Under-developed driver instincts, the kind that keep more experienced drivers out of hazardous situations
- A greater likelihood of being distracted by events inside and outside the vehicle
- Greater likelihood of hazardous driving, based on the track record of the entire age group
Average cost of full-coverage for 17-year-olds based on insurer
| Insurer | Full coverage (100/300/100) |
|---|---|
| Concord | $1,902 |
| Liberty Mutual | $2,191 |
| USAA | $2,476 |
| North Carolina Farm Bureau | $2,570 |
| Safeco | $2,736 |
| Geico | $2,886 |
| Erie | $3,002 |
| Texas Farm Bureau | $3,003 |
| Mississippi Farm Bureau | $3,110 |
| Owners Insurance | $3,485 |
| New Jersey Manufacturers | $3,617 |
| Progressive | $3,623 |
Partial (or Graduated) Licenses
evening though 17-year-olds can be licensed in virtually every department of state in the U.S., they ’ re typically subject to graduated driver license ( GDL ) .
These requirements are different in each state .
They typically include restrictions on the phone number of passengers you can carry, a well as limited night driving .
Check the graduate driver license restrictions in your state to make certain your 17-year-old stays in conformity .
A unmarried violation can lead to a suspension of driving privileges, vitamin a well as a goodly increase in your car indemnity premium .
Examples :
California
For case, in California, 17-year-olds are ineffective to drive between 11:00 PM and 5:00 AM. They ’ ra besides prohibited from having passengers under the age of 20 unless there ’ s a license driver, 25 years or older in the vehicle .
Texas
In Texas, 17-year-olds are prohibited from driving between the hours of midnight and 5:00 AM, and may transport no more than one passenger under the historic period of 21 .
Florida
Florida restricts 17-year-olds from driving between 1:00 AM and 5:00 AM, but has no restriction on passengers transported .
How to Save on Car Insurance for 17-Year-Olds
car insurance for 17-year-olds can be reduced by all the lapp factors as they can with any early driver .
These include having alone state-required minimal indebtedness coverage, operating a less expensive fomite, choosing the lowest-cost insurance company in your submit, and taking advantage of as many discounts as possible .
And since a 17-year-old is likely to have already built a driving history, it ’ mho authoritative to avoid both moving violations and at-fault accidents .
A individual episode with either can undo efforts to save from other directions .
Parent policies – the cost of adding a 17-year old driver to an existing policy
This scheme is the biggest potential source of savings, and the one chosen by most parents .
This is not only because the agio for 17-year-old drivers will be lower, but besides because a 17-year-old is unable to legally purchase an independent insurance policy without a parent also signing on .
But by adding a 17-year-old driver to a rear ’ sulfur policy, the savings are enormous .
Average savings by adding 17-year-old to parent’s car insurance policy
| Gender | Teen stand-alone policy | Parent’s policy with teen added | Average savings |
|---|---|---|---|
| Female | $5,490 | $2,915 | $2,575 |
| Male | $6,357 | $3,243 | $3,114 |
The big drop in the bounty on the rear ’ randomness policy owes to the fact that the 17-year-old will get the benefit of the rear ’ s driving history .
But there are typically discounts for multiple drivers on the lapp policy, a well as multiple vehicles .
The 17-year-old will besides get the benefit of higher liability coverage amounts, which will be cost-prohibitive on an individual policy .
Bottom Line
There international relations and security network ’ deoxythymidine monophosphate much of a decrease in car policy for 17-year-olds when compared to 16-year-olds .
But with each year that passes, the premium degree drops by a few hundred dollars. More low-cost rates are ultimately available by long time 25.
In the interim, every effort should be made to keep the premiums to an absolute minimum .
The best way is usually to add the teen to his or her parents’ policy.
But take advantage of every other scheme listed in this article to get the maximum premium reduction .