car indemnity companies consider 17-year-old drivers to be bad due to their lack of experience behind the rack, but there are ways to cut down your costs. We found that getting on a rear ‘s car policy policy can reduce annual premiums well. There are besides discounts that can help lower your rate .
How much does car insurance cost for 17-year-olds?
Our research shows that the modal cost of car insurance for a 17-year-old is $ 5,206 a year. That breaks down to $ 434 a month. This is well above the national average for car policy of $ 1,255 a year, or $ 105 a calendar month. car indemnity for 17-year-olds is so expensive because insurers consider them to be highly highrisk due to their lack of driving experience. This average rate should decrease with age, but you should expect to pay more now.
Cheapest car insurance companies for 17-year-olds
The graph below shows the average home pace of car policy for 17-year-olds from 10 major providers :
other factors may affect the final agio you pay, but a big manner to get the best policy at the cheapest price is to compare quotes from multiple car insurance providers. Being able to look at many policies and their costs side by side will help you keep money in your air pocket .
17-year-olds have some of the highest car insurance rates, but we can help you find cheaper premiums.
Read more: Best car insurance companies for 2022
Car insurance rates for 17-year-old men vs. women
Our research shows that 17-year-old men pay more for car indemnity than women of the lapp age. The reason for this is many car indemnity providers find young men at this age take more risks when driving than equal-aged women. The table below shows the premium cost breakdowns for 17-year-old men and women by provider :
| Company | 17-year-old male | 17-year-old female | % difference |
|---|---|---|---|
| Allstate | $561 | $451 | 24% |
| American Family | $486 | $342 | 42% |
| Auto-Owners | $422 | $321 | 31% |
| Erie | $241 | $202 | 19% |
| GEICO | $543 | $401 | 35% |
| Nationwide | $526 | $443 | 19% |
| Progressive | $621 | $562 | 11% |
| Travelers | $470 | $384 | 22% |
| State Farm | $280 | $223 | 26% |
| USAA | $273 | $261 | 5% |
| Average | $442 | $359 | 23% |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||
Seventeen-year-old men pay an average 23 % more for car insurance than women of the like old age. This cost disparity tends to decrease over time, then even out once a driver reaches 25 years old .
Individual car insurance vs. getting on a parent’s policy
At historic period 17, the easiest way to reduce your premium is to get added to a parent’s auto insurance policy. The benefit of getting on a rear ‘s car policy policy is that the total rate of a combined policy will be much less than if you and your parents had discriminate policies. The downside to a combine policy is that if either you or your parents file a claim, it will credibly increase everyone ‘s rates .
Car insurance discounts for 17-year-olds
After getting on a parent ‘s car indemnity, taking advantage of available discounts is the following best way to reduce your premiums. The two discounts most advantageous to 17-year-old drivers are :
- Good student discount: Many auto insurance companies offer full-time students with a good student discount that may save you up to 25% off your annual rate.
- Safe driving discount: If you complete a certified driving course or program, you may get up to a 15% discount on your car insurance premium.
Cheap, safe cars for 17-year-olds
Driving a dependable cable car can reduce your risk rate and possibly decrease your car policy premium. According to the Insurance Institute for Highway Safety ( IIHS ), the following are some of the best cars to qualify for their top base hit picks :
| Vehicle | Model years | Average price |
|---|---|---|
| Mazda 3 | 2014 or newer | $7,000 |
| Subaru Legacy | 2013 or newer | $7,600 |
| Mazda CX-5 | 2014 or newer | $8,200 |
| Subaru Impreza | 2014 or newer | $8,700 |
| Honda Accord | 2013 or newer | $9,200 |
| Volkswagen Jetta | 2016 to 2018 | $9,800 |
| Source: IIHS | ||
Methodology
The average rates used in this article are based on thousands of quotes for full-coverage car indemnity in random national ZIP codes for 17-year-old male and female drivers with excellent credit rating and no accidents. The fomite used for data is a 2012 Honda Accord LX with 16,000 miles in annual mileage .
QuoteWizard.com LLC has made every effort to ensure that the information on this web site is correct, but we can not guarantee that it is loose of inaccuracies, errors, or omissions. All content and services provided on or through this locate are provided “ as is ” and “ as available ” for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this web site or to the information, message, materials, or products included on this locate. You expressly agree that your habit of this site is at your sole hazard .