The Best Cheap Car Insurance and Average Costs for 17-Year-Olds

How Much Does Car Insurance Cost for a 17-Year-Old?

The easiest way to save money on car indemnity for 17-year-olds is to add them to a parent ’ s existing policy rather than trying to get them a policy of their own. For exercise, if you add a adolescent to your car indemnity, you ’ ll give an median of $ 3,139 a class. That ’ second quite an increase, but if you bought your adolescent their own policy, you would pay $ 4,621 on average or $ 1,482 more. many factors affect what you pay for car indemnity, even for teens, so you may find different rates. however, the fact that it ’ second more expensive to get a divide policy for a adolescent will hold true.

Family Policy vs. Individual Policy for a 17-Year-Old

Added to a Family Policy average annual bounty $ 3,139Individual Policy modal annual agio $ 4,621An individual policy costs : $ 1,482 more This is 47 % more expensive.

Cheapest Car Insurance for 17-Year-Old Males and Females

male teens pay about 12 % more than females for car insurance. This difference translates to an average increase of $ 398 to insure a male adolescent over a female adolescent driver. The rate is higher because indemnity companies have determined that males are more probably than females to engage in bad behaviors behind the wheel. additionally, male teens receive more repel citations than female drivers. This leads to higher accident rates and indemnity claims among male teens .

Annual Car Insurance Rates for Males and Females

17-Year-Old Female average annual premium $ 2,94017-Year-Old Male modal annual agio $ 3,338Rates for males are : $ 398 more This is 14 % more expensive.

Cheapest Car Insurance Companies for 17-Year-Old Drivers

The best way to save on car policy is to shop around. The least expensive quote we found for adding a 17-year-old driver to the family policy was with Geico at an average of $ 2,823. The most expensive was Nationwide, with an increase of $ 928, which translates to $ 3,751 to add a adolescent to your family policy. That ’ s an increase of about 25 %. To find the cheapest car insurance companies for 17-year-old drivers, we looked at figures from companies that write policies in at least 30 states, so you may or may not have better success with a local ship’s company in your area.

Cheapest Companies for 17-Year-Olds Added to Family Policy

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• company annual bounty
• 1. GEICO $ 2,823
• 2. Allstate $ 2,850
• 3. state farm $ 3,019
• 4. progressive $ 3,571
• 5. nationally $ 3,751

If it ’ s not possible to add your adolescent to your policy, the rate for an individual policy for a 17-year-old driver is much higher. State Farm had the lowest quote at $ 3,213 average, and Progressive was by far the most expensive, with a humongous $ 7,353 median. That ’ s a difference of $ 4,140 or 56 % higher.

Cheapest Companies for a 17-Year-Old’s Individual Policy

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• company premium
• 1. express farm $ 3,213
• 2. GEICO $ 4,060
• 3. Allstate $ 4,287
• 4. nationally $ 4,433
• 5. progressive $ 7,353

Car Choice Matters When Insuring a Young Driver

The kind of car your adolescent drives will besides affect rates. A Ford Mustang may be what your adolescent has their heart set on, but insuring a Mustang is quite expensive — about $ 1,400 more than insuring a more virtual Toyota Camry, which translates to an increase of about 44 %. A 2015 Ford Mustang has a top focal ratio of 149 miles per hour and can go from 0 to 60 in 5.2 seconds. By line, the Camry has a acme speed of about 120 miles per hour. Some teens may be tempted to push the Mustang to its limits, and with higher speeds comes a higher risk of accidents. Owning a sports car will push premiums up for anyone, not good teens .

Teen Car Insurance Rates by Vehicle Type

Camry annual premium $ 3,139Mustang GT annual bounty $ 4,539Driving a Mustang could cost : $ 1,400 more This is 45 % more expensive.

Strategies to Save Money on Car Insurance for a 17-Year-Old

The most dramatic means to save money on adolescent indemnity will come from adding a 17-year-old to a class policy policy rather than attempting to insure them on a disjoined policy. It ’ s even better if they can drive the family cable car unless the family car is a blue sports car. Adding a 17-year-old to your syndicate policy would be cheapest through Geico, at an average $ 2,823 annually. The most cheap policy for a adolescent of the same age getting an individual policy would be at least $ 3,213 on average with State Farm, but it could be higher with other companies. That represents a savings of $ 390 or about 12 %. car insurance companies base their rates on their customers ‘ driving history. Since teens do n’t have an extensive drive history, they ‘re an unknown entity to the indemnity company. This leads to higher rates. even if your adolescent is a very safe driver, there ‘s not enough driving history for the policy companies to evaluate. however, there are some money-saving actions you can take.

Compare Quotes for the Best Policy for Your Family

It pays to shop around and compare quotes to find the best cable car indemnity for your 17-year-old driver. Comparison shopping among carriers could save you deoxyadenosine monophosphate much as 50 % over the most expensive mailman. The Insurance Information Institute recommends getting quotes from at least three companies before you settle on one. You may want to consider changing insurance companies to get the cheapest pace.

Monitor Your Teen Driver to Ensure a Clean Driving Record

If your adolescent driver gets into an accident or gets a quotation, your rates will go up quite a moment. For exercise, if your son gets one rush ticket in California, your bounty could go up by an average of $ 1,242. A daughter get speed will get slightly less of an increase, but silent significant at $ 904 a year. As parents, you may sometimes wonder if your adolescent is paying care to anything you say, but they are. here are some things you can do to promote safe driving with your adolescent :

• Model good driving behavior yourself.
• Let your teen drive while you serve as the passenger whenever possible.
• Limit the number of teen passengers they’re allowed to drive with.

Find Companies That Offer Teen Discounts

If your adolescent has a solid academician record, many car indemnity companies offer a good student discount. For exercise, GEICO gives a 15 % dismiss for full-time students with a “ B ” average or better. defensive drive courses can besides provide a rebate, although you should check with your indemnity company because some companies do n’t offer this. On the other help, a defensive drive course for your adolescent is a good idea anyhow, because it will give them more experience behind the wheel. This will lead to fewer accidents, saving money for years to come.

Lower the Coverage Amount

You could lower your coverage amounts to save some money in the curtly run, although this is not a strategy we would recommend. For one thing, that teen driver you nowadays have on your car policy policy may get into an accident. If your adolescent totals your car, you ‘ll have to either rectify or replace it out of your pocket. You will only be able to drop collision and comprehensive insurance if your car is paid for. If you have a loanword on it, the finance company will require that you have full coverage. If you have paid-for, cheaper cars, you might be able to get by with liability-only cable car indemnity, but it ‘s inactive a risk. You could besides consider increasing the deductibles on your policy. precisely be certain you can cover the new, higher deductible so that you ‘re not in a regretful fiscal situation if there ‘s an accident.

Choose a Sedan Over a Sports Car

While your adolescent may be eyeing a new, flashy sports car, that might not be the best estimate for a 17-year-old driver. luxury cars are besides expensive to insure, by and large because the price of repair is higher. The remainder in price between adding your adolescent to the class policy if they drive a Toyota Camry vs. a Ford Mustang is about $ 1,400. Impress upon them that teens are probable to get into accidents and that a flashy sports car is something they can get when they have more drive experience, when they can afford it and when they are nobelium longer on your insurance.

Why Is Car Insurance So Expensive for a 17-Year-Old?

car indemnity for adolescent drivers is expensive because they have less driving experience than about anyone else on the road. They ‘re not used to making quick decisions in traffic, and they ‘re not as adept at reading early driver ‘s intentions. Driving takes commit to become good at, and some driver ‘s department of education courses alone offer a few hours of road know before students test for their licenses. Combine this miss of feel with less maturity and some certitude, and it ‘s easy to see why 16- and 17-year-olds are more probable to get into accidents.

Traffic Statistics for 17-Year-Old Drivers

statistically speaking, motor fomite crashes are the number one cause of death for U.S. adolescent drivers. Teens are 1.5 times more likely to get into an accident the first month they have their license compared to teens with at least a few years of driving experience. Drivers who are 16 or 17 years old are about doubly deoxyadenosine monophosphate likely to get into an accident as teens who are 18 and 19. When drivers reach their 20s, they are about 22 % less likely to get into a crash. The mesa below shows the fatal crashes per 100 million miles drive as compared to the driver ‘s long time group, according to police-reported crashes in the U.S. from 2014-2015. Drivers ages 16 and 17 have the highest rates of fateful crashes per 100 million miles drive compared to 18-19 and 20-24 senesce groups.

Accidents per 100 Million Miles Driven

Seventeen-year-old drivers drive an average of 7,624 miles per year and suffer an average of five fatal crashes for every 100,000 drivers. By comparison, drivers aged 30–59 driveway an modal of 15,291 miles a year and suffer slightly less than six fatalities for every 100,000 drivers. so, even though there are fewer deaths per caput, there are more deaths per miles drive .

States With the Highest Car Insurance Cost for a 17-Year-Old

Some states are more expensive for adolescent drivers than others. We found rates ranging from a gloomy of $ 704 average in Hawaii for a adolescent added to their State farm policy to a high of $ 6,674 in Louisiana with State Farm. In general, car insurance is more expensive in Louisiana, so it would make feel that indemnity for teens is besides more dearly-won.

Top 10 Most Expensive States for 17-Year-Old Drivers

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• state annual premium

• MI

  $9,687

• NY

  $8,701

• LA

  $7,935

• MD

  $5,878

• FL

  $4,940

• RI

  $4,911

• GA

  $4,803

• NV

  $4,125

• NJ

  $3,926

• PA

  $3,871

unlike companies can offer unlike rates, as well. A company that may offer the lowest price in one express may not have the rock bottom price in another. Compare rates for adolescent drivers cautiously to get the best car indemnity for a 17-year-old, and get quotes from at least three companies.

Cheapest Car Insurance for Teens by State

Cheapest Car Insurance Company by State

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• express company

• AK

  GEICO

• AL

  GEICO

• AR

  Allstate

• AZ

  GEICO

• CA

  Allstate

• CO

  Allstate

  Read more: The 8 Best & Worst Places to Compare Car Insurance | https://insurecar.info

• CT

  GEICO

• DC

  GEICO

• DE

  GEICO

• FL

  GEICO

• GA

  Allstate

• HI

  State Farm

• IA

  GEICO

• ID

  Allstate

• IL

  GEICO

• IN

  GEICO

• KS

  Allstate

• KY

  Allstate

• LA

  State Farm

• MA

  State Farm

• MD

  Allstate

• ME

  GEICO

• MI

  Progressive

• MN

  State Farm

• MO

  Allstate

• MS

  Allstate

• MT

  State Farm

• NC

  State Farm

• ND

  GEICO

• NE

  Progressive

• NH

  Progressive

• NJ

  GEICO

• NM

  Progressive

• NV

  Allstate

• NY

  Allstate

• OH

  GEICO

• OK

  Allstate

• OR

  GEICO

• PA

  Allstate

• RI

  State Farm

• SC

  GEICO

• SD

  Allstate

• TN

  GEICO

• TX

  State Farm

• UT

  GEICO

• VA

  Progressive

• VT

  Allstate

• WA

  GEICO

• WI

  GEICO

• WV

  State Farm

• WY

  Allstate

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Methodology

MoneyGeek collected data for 17-year-old drivers to determine the average cost of cable car policy. Averages are based on selected inputs for average drivers in specific states. We used the like driver profiles across all states. See more on our methodology foliate.

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About the generator Gail Kellner is a professional fiscal writer who specializes in life sentence indemnity, car policy and personal finance. She earned her Bachelor ‘s academic degree in Psychology from western Connecticut State University and her Master ‘s of science from Indiana State University. She loves combining her cognition of psychology with her fiscal expertness therefore people can make better fiscal decisions .

• Read more: The 8 Best & Worst Places to Compare Car Insurance | https://insurecar.info