Car insurance for 17-year-olds
A adolescent ’ s beginning exposure to car indemnity is normally when they are added to their rear ’ sulfur policy. however, adding a 17-year-old to any car insurance policy results in a scend in bounty for the rear. Adding a 16-year-old male adolescent driver to the rear ’ s sum increases the original policy about $ 3,789 a year, and for female teens, around $ 3,526 per annum. The rates included in this article represent the extra monetary value to a parents ’ policy when a 17-year-old driver is added. If we look at the statistics from the National Highway Traffic Safety Administration ( NHTSA ), it ’ mho easy to see why insurers charge adolescent drivers the highest rates. According to the NHTSA, car crashes are the leading cause of adolescent deaths in the United States, and 2,121 young drivers under the old age of 19 were killed in road accidents in 2018.
Distracted drive is at its point among adolescent drivers, besides travel rapidly, drink drive and drowsy drive. The miss of responsibility, driving skills and experience escalates the risk, not only claiming thousands of young lives every year but besides costing policy companies in indebtedness and collision coverage. Those that survive crashes may face imprison time, license suspension, court and lawyer fees, and personnel casualty of scholarships, academic eligibility or early awards. Age becomes less impactful for car insurance as the motorist gets older but for 17-year-olds it is what makes the price of indemnity surge, evening for dependable drivers .
17-year-old car insurance rates: male vs female
The statistics of male drivers with hazardous driving behaviors have constantly been higher than those of their female counterparts and the same applies to teenage drivers. fatal crashes are more than twice the number for men compared to women, which is why indemnity companies factor gender into premiums. This factor is much more significant for 17-year-olds, because records have systematically shown boys to be more probably to end up in an accident behind the wheel than girls. From the table below, we find that a 17-year-old male driver is charged about $ 250 more than a 17-year-old female, although this price may vary by submit and policy party. The good news is that gender becomes less of an affect to rates with old age, and some states do not allow the use of sex as a determinant of cable car insurance premiums .
| Gender | Average annual rate |
|---|---|
| Male | $3,789 |
| Female | $3,526 |
quadrant information services, 2020
How much is car insurance for 17-year-olds in my state?
The price of policy for 17-year-olds besides depends on their accurate localization. policy is state-regulated and based chiefly on ZIP code, with prices frequently varying importantly consequently. Most states make it mandatary to carry minimum liability coverage, whereas some places require drivers to have extra coverage — which adds to the overall cost of policy. The more populated a state, the dense the traffic, and the higher the hazard of road accidents. coastal regions experiencing floods, hurricanes and storms are besides typically more expensive in terms of car insurance. If your placement is considered bad by insurance companies, 17-year-old drivers can expect to pay even more for car insurance. The table below indicates rate variances by department of state. quadrant data services, 2020
Most expensive states for car insurance for 17-year-olds
- New York
- Michigan
- Louisiana
- Florida
- Nevada
Two of the primary reasons why car insurance is more expensive in these states are population concentration and the gamble of crashes and collisions. These factors result in New York being the priciest country in the U.S. for car policy for 17-year-olds, at $ 6,560 a year for fully coverage, followed close by Michigan, at $ 5,559 a year. not merely are they no-fault states, requiring drivers to carry sufficient extra coverage, but rates in these states may be affected by higher cost of life, count of uninsured drivers or high vicinity crime rates. Regions prone to natural disasters, such as hurricanes, floods and storms besides have expensive car insurance. Louisiana and Florida are two such states where susceptibility to natural disasters increases car indemnity premiums for 17-year-olds, with full moon coverage premiums averaging $ 5,550 and $ 5,397 a year respectively. Relaxed alcohol laws and the year-round Las Vegas party scene make Nevada another highly expensive state for car indemnity for teens, at $ 4,406 a class on average for 17-year-olds.
Least expensive states for car insurance for 17-year-olds
- Hawaii
- Maine
- Idaho
- North Dakota
- Wisconsin
States with the cheap car insurance are the ones with a lower population or crime, lower price of living and by and large safe drivers. Hawaii, Maine and Idaho have the cheapest full coverage premiums for 17-year-olds added to their parents ’ policy, on median, at $ 1,203, $ 1,445 and $ 2,021 a class respectively .
Car insurance rates by insurance carrier for 17-year-olds
No two indemnity companies are the same when it comes to pricing a 17-year-old ’ mho car insurance agio. even with the same coverage options, prices can vary depending on a variety of other factors. After comparing average rates for wax coverage among the major insurance companies ( by market share — shown in the postpone below ), Coverage found that Nationwide offers the cheapest annual rate for 17-year-olds, at $ 2,173 a year, added to their parents ’ policy. This is followed closely by Erie at $ 2,578 a class. The priciest insurance company for teens was The Hanover, at $ 8,211 annually. When it comes to adolescent drivers, old age is the cause why rates are far higher than what they are for adult motorists. But a 17-year-old will gain valuable driving experience over time, leading to a gradual but reproducible drop in rates as they grow older. The monetary value of car policy for teens changes quickly between the ages of 17 and 25, thus shopping around for insurance every six months is a good way to make indisputable you ’ re not overpaying. Once you turn 18, you will be able to obtain your own policy, so compare rates on your own versus staying on your parents ’ policy to see which saves the most. quadrant information services, 2020
How to get cheap car insurance for 17-year-olds
Insuring a adolescent driver is expensive, but the succeed are a few ways to save :
Defensive driver discount
Taking a drive course focusing on road safety and traffic rules is one room to prove you are responsible to an policy company, and save some money on premiums. not all insurers offer this discount though, but those that do normally require physical validation of the reservation .
Good student discount
Some indemnity companies offer discounts to young drivers with academic excellence. If a 17-year-old holds an average mark of 3.0 or higher, it is possible to get a good student rebate with certain insurers .
Clean driving record
Being dependable on the road is essential for every driver, and more so for teenagers. Maintaining a clean drive record, dislodge from tickets and claims, can save 17-year-olds significantly on car policy. Most insurers reward safe drive practices, making this one of the smartest ways to save on premiums. even if you can ’ deoxythymidine monophosphate get a specific condom drive rebate, avoiding accidents and claims can prevent your pace from being even higher .
Smart coverage
adolescent drivers can besides save by using an old cable car that no long needs a high level of coverage. A vehicle worth no more than $ 4000 doesn ’ thymine need a much damage protective covering, and by sticking to only liability coverage, you could effectively spend a lot less on indemnity. however, it ’ mho best to speak with an agent to ensure your coverage is adequate, regardless of your vehicle type or age .
Shopping around
Every insurance company ’ mho prices vary based on a count of factors. rather of choosing the first insurance company you find, it is constantly recommended to shop around and get quotes from multiple providers. By comparing prices, coverage options and serve every year, 17-year-olds can find the best rate for the coverage they need.
Read more: What Is A Deductible In Car Insurance?
The takeaway
- Car insurance for 17-year-olds costs two to three times more than the national average.
- Male teenagers are viewed as higher risk and are charged more than female teenage drivers.
- Based on ZIP code and insurance companies, insurance prices differ significantly, and some states are significantly more expensive for teen drivers than others.
- It is possible to save on premiums by driving safe, shopping around, taking advantage of discounts available to teenage drivers and sticking to essential coverage.
Teenagers and young drivers pose a significant risk to policy companies, and that risk is mitigated in the form of steep premiums. however, the price tends to drop with age, so shopping around for a newly policy every year is a ache be active towards getting the best rate. With a clean drive record, no claims and academician excellence, 17-year-olds can be eligible for certain discounts that lower the cost of car indemnity .
Methodology
Methodology
coverage use 2020 datum from Quadrant Information Services to analyze quoted rates from thousands of energy codes across all 50 states. Quoted rates are based on the profile of a middle-aged married couple with a clean drive record that added a 17-year-old driver to their policy policy. The family drives their Toyota Camry 12,000 miles a year with the following simulate agio details :
- $100k bodily injury liability per person
- $300k bodily injury liability coverage per accident
- $100k property damage liability coverage per accident
- $500 collision coverage deductible
- $500 comprehensive coverage deductible
To look at the consequence of a beneficial driver rebate, we analyzed rates for the profile both with and without the rebate applied. These rates should be used to inform your car indemnity shopping work, but note that your actual rates may differ .