How Much Is Car Insurance For A 17 Year Old – The average monthly car insurance cost for a 17-year-old is $489, totaling $5,864 per year. Car insurance for a 17-year-old is less expensive than a 16-year-old, but it’s still more expensive than what most drivers pay for coverage.
On average, COUNTRY Financial offers the lowest car insurance rates for 17-year-old drivers, while State Farm offers the cheapest nationwide insurance providers for 17-year-old drivers. Both companies offer car insurance for 17-year-olds that is thousands of dollars cheaper per year than the average price.
How Much Is Car Insurance For A 17 Year Old
The average car insurance cost for a 17-year-old is $489 per month. We found that 17-year-old drivers paid $4,212 more per year than older drivers (ages 30, 35, and 45) due to their lack of driving experience compared to older adults.
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It’s still possible for 17-year-olds to get cheap car insurance. We found that COUNTRY Financial has the lowest average car insurance rates for 17-year-old drivers. Since COUNTRY isn’t available everywhere, State Farm offers the cheapest rates for 17-year-olds among the major auto insurance companies.
The cost difference between the companies offering the cheapest and most expensive car insurance rates for 17-year-olds is $921 per month. This means you could end up paying thousands of dollars more per year than you should if you don’t compare insurance costs before buying.
While car insurance is often very expensive for 17-year-olds, it’s actually the most expensive for 16-year-old drivers because they’re new to it. We found that the cost of insurance for a 17-year-old driver was 13% lower than for a driver under a year old.
As drivers age and gain more driving experience, their car insurance costs decrease. That’s why 18-year-olds, on average, have 16% less car insurance than 17-year-olds. When driving turns 25, the average cost drops 67 percent from the average cost at age 17.
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In fact, age 25 is often considered the tipping point at which young drivers exit the highest risk age category and rates generally decline.
Lack of driving experience can make insurance more expensive for 17-year-olds (and other young drivers). A 17-year-old has only one year or less of driving experience compared to someone who has held a license for nearly a decade or more.
That’s why teenagers are more likely to have accidents and expensive claims than older drivers. Fortunately, as you gain driving experience, your rates will decrease. Your insurance costs will decrease significantly each year until you turn 25 (as long as you keep your driving record clean).
For 17-year-old motorists, it’s cheaper to sign up for family insurance than to get your own policy. We found that adding a young driver to your existing car insurance policy reduced your monthly costs by $187.
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On average, a 17-year-old’s car insurance added to his or her parent’s or guardian’s policy costs $302 per month, or $3,625 per year.
Car insurance is more expensive for a 17-year-old male driver than for a female driver. On average, 17-year-old boys pay $64 more per month (or $765 per year) than girls of the same age.
Car insurance companies use large amounts of data to determine your chances of being in a car accident, and car insurance for teenage boys is more expensive than for girls due to a higher number of claims for male drivers. But some states do not allow gender differences in insurance premiums, including:
While monthly car insurance costs $64 more for a 17-year-old male driving than a female 17-year-old driving, the difference varies by company. The cheapest company for men to drive compared to women is COUNTRY, where the difference between what men and women pay per month is only $19.
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On average, coverage costs $489 per month for a 17-year-old, but rates depend on factors such as where you live. The average cost of car insurance in the least expensive states is $9,925 less per year than in the least expensive states.
Hawaii is the cheapest state for 17-year car insurance. In Hawaii, where young drivers pay an average of $117 per month for insurance, it’s illegal to set rates based on age. In Louisiana, where rates are already among the highest in the country, car insurance for a 17-year-old costs $944 a month, or more than $11,000 a year.
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Although available in only 19 states, COUNTRY has the lowest rates of any company for 17-year-old drivers.
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COUNTRY FINANCIAL offers the cheapest average rates for 17 year old drivers. Car insurance in COUNTRY is on average $253 cheaper per month and $3,036 per year. However, because COUNTRY only offers coverage in 19 states, not everyone can take advantage of its low rates.
People who live in states governed by COUNTRY can find coverage options with cheaper rates for children 17 and younger. Motorists can add these additional forms of coverage to their policy:
COUNTRY also offers discounts for young drivers who complete a short road safety test, maintain a high GPA and complete a defensive driving course.
COUNTRY offers the cheapest car insurance for 17-year-olds and is the most affordable company in three states: Alabama, Nevada, and Oregon. State Farm actually has the cheapest car insurance for 17-year-olds in 10 states, the cheapest of all providers.
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USAA is the cheapest car insurance for 17-year-olds in many states. But it’s only available to military members and their families, so it’s not an option for many motorists.
Even though car insurance costs more than the average for a 17-year-old, there are still ways for young drivers to save on their car insurance. If you were quoted too much when purchasing insurance, or if you paid too much for your existing policy, you should:
The best way to ensure you’re getting the best rate is to compare quotes from the top insurance companies in your area, and shop around again when your policy is about to expire. This way, you can be sure to get the lowest price that suits your driving history, age, and location.
COUNTRY Financial offers the cheapest car insurance for 17-year-olds, but it only offers coverage in 19 states. State Farm is the cheapest company with nationwide coverage.
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Car insurance rates for 17-year-old girls are cheaper than for boys of the same age. Female drivers pay $64 less per month than male drivers, but this may vary by company.
Driving rates among teen drivers with good driving records should decline each year until age 25, when they exit the highest-risk age group. If you continue to drive safely, you may qualify for a no-claims and no-accident discount, which can help you save even more money.
Car insurance rates for a 17-year-old driving a 2017 Toyota Camry LE driving 10,000 miles per year were derived from rates provided by Quadrant Information Services for every ZIP code in Washington, D.C., and all 50 states. These rates represent average costs for teenagers ages 16 and 18 and are for full coverage with the following coverage limits:
To calculate the cost of adding a 17-year-old driver to an existing policy, we calculated the average cost of adding a 16-year-old driver to a family policy and then applied the difference between the 16-year-old and the 17-year-old driver to this number .
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Rachel Brennan is a senior editor and licensed auto insurance specialist. Her work has also been published in MoneyGeek, Clearance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com, among others.
Andrew Hurst is a senior editor and licensed auto insurance specialist. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Journal, WallPenguin and Property Casualty 360, among others.
Maria Philindras is a financial advisor, California licensed life and health insurance agent, and Financial Review Board member. Our data experts analyzed rates for a 2017 Toyota Camry LE driven 10,000 miles per year in all 50 states and in every zip code in Washington, DC. These rates are for comprehensive coverage and have the following coverage limits:
Some operators may be represented by affiliates or subsidiaries. Rates provided are samples of costs. Your actual quote may vary.
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The average cost of car insurance for an 18-year-old is $411 per month. That works out to $4,931 per year, which is $3,279 more than the average cost of insurance for adults (30, 35 and 45-year-old drivers).
Although rates are higher for 18-year-olds, young drivers can still find affordable car insurance by comparing rates from different companies. For example, rates for 18 year olds