Buying your first car and learning to drive it is very liberating, although car insurance for 17 year olds can be pretty high. Getting your hands on the steering wheel comes along with the responsibility of getting to know the technicalities of car maintenance. It includes buying insurance for your car as well.
Compare and contrast all car insurance for 17 year olds deals to find the most suitable one according to where you live and how much you can afford to have.
Car Insurance For 17 Year Olds: Overview [2023]
The average car insurance cost for teen drivers of 17-year-old is $6,272 a year. It is significantly more than that for older and more experienced drivers. More importantly, the car insurance cost is considerably higher for 17-year-old males than for 17-year-old females.
Where an average driver will have to pay an annual premium of $1,548, approximately, for teen drivers of 17-year-old, the average car insurance rate stands at around $5,429 annually. However, a young driver can follow specific tips to save money on the average monthly cost of car insurance.
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How Much Is Car Insurance For 17 Year Olds In 2023?
Teenagers are newbie drivers, meaning they aren’t considered to have any particular experience under their belt in terms of driving. Besides, young drivers are also generally perceived as reckless. That is why auto insurance companies charge a notch higher for car insurance for teen drivers than the rates for older, more experienced drivers.
The average annual car insurance cost for 17-year-olds in 2023 is $6,272 for full coverage, which means liability and collision coverage. A teen driver will have to pay about $523 monthly for a full-coverage auto insurance policy. Compared to the average annual cost, the state minimum car insurance coverage for a 17-year-old stands at $2,064 yearly.
Of course, one way to ensure that a 17-year-old does not have to spend a fortune on your car insurance policy is to continue under the parent’s car insurance for as long as they still live with them under the same roof.
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Average Car Insurance Costs For 17 year olds [2023]
The average annual premium of auto insurance rates for a teen driver is $737 per month. They can be expected to be charged an annual average cost of $6,272. However, female teenagers pay less for car insurance premiums than male 17-year-old teenagers, by about $696 per month.
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Compare Car Insurance Cost For 17 year olds By State [2023]
Louisiana is the most expensive state in car insurance for a teen driver of 17-year-old, with an average annual premium of $9,482. It is followed by Florida, Rhode Island, Delaware, and Colorado, at $8,980, $8,857, $8,307, and $8,032 annually, respectively.
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Compare Best Car Insurance Companies For 17 Year Olds [2023]
While the average annual premium is sufficiently high priced for 17-year-old drivers, certain cheapest car insurance companies offer considerably lower quotes. USAA provides an average cost of $360 as their quote for a 17-year-old’s car insurance.
As the cheapest insurance company GEICO, however, provides the most accessible cheap car insurance for 17-year-olds at $423 per month. Other car insurance companies like State farm and Nationwide also offer car insurance quotes that are relatively reasonable, at $516 and $539, respectively.
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Compare Auto Insurance For 17 Year Olds vs Other Age Drivers [2023]
For a car insurance company, a 17-year-old driver is considered among the most high-risk drivers compared to any other age group. The average auto insurance cost for a 17-year-old will be considerably more expensive than that for a 25-year-old. Further, the difference in car insurance premium prices between a 40-year-old driver and a 17-year-old driver will be way more in comparison. For example, the average monthly cost of car insurance is expected to be $737, while that for a 25-year-old is $279.
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How Are Car Insurance Rates Different For 17 Year Old Male and Female Drivers [2023]
In general, auto insurance rates for a 17-year-old male will be around 9% more costly than for a 17-year-old female. Young male drivers are considered at higher risk because of more instances of reckless behavior compared to young women of the same age.
Moreover, the lack of any substantial driving record makes it challenging to determine the potential of car accidents. However, a clean driving record goes a long way toward reducing the costs. The average monthly cost of car insurance for a 17-year-olds male can be $768 per month, while the average auto insurance cost for a 17-year-old female would be $705.
5 Tips To Get Cheap Car Insurance For 17 Year Olds [2023]
- Shopping around and comparing quotes is always the best way to find cheap car insurance for a 17-year-olds. Different insurers will consider your situational details and give you quotes that will vary from each other. Finding the most suitable plan for the tiniest pocket pinch is the idea.
- Getting good grades in school can be a huge help. There is a good student discount for college students to get cheap car insurance for young drivers. For example, if you are in the top 20% of your class, you might save money by qualifying for this discount.
- Other than this, there might be several other discounts that any auto insurance company provides. Being on top of the discounts you qualify for will be the easiest way to find the best car insurance rates for young drivers.
- If your car is a slightly older model or doesn’t necessarily need holistic coverage, consider dropping collision and comprehensive coverage. Choosing the right coverage plan from a car insurance company with the correct deductibles can reduce car insurance rates.
- As a 17-year-old, developing banking credibility and building a steady credit score is essential to reduce car insurance costs. It ensures you create the background for lowering your average annual premium over time.
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How To Buy Cheap Car Insurance For 17 Year Olds [2023]
For a teen driver, the procedure can often get confusing for auto insurance. Most states will allow any 17-year-old to insure their vehicles. However, shopping around to find the cheapest car insurance rates for teen drivers and even granting documented permission will be a parent’s responsibility. Teens who have a learner’s permit can also avail of car insurance. More often than not, provisional drivers will be covered by the parent’s car insurance policy. For example, an insurance company might need a parent or a guardian to give written permission before issuing insurance.
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