Car Insurance For Teens

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The cheapest Car Insurance for 17 year olds can be found with Erie insurance for $261 per month or $3,137 per year for a full coverage car insurance policy.

Car Insurance For Teens

Car Insurance For Teens

Written by: Daniel Robinson, Written by: Daniel Robinson Writer Daniel is a writer for the Guides team and has written for a number of automotive news sites and marketing companies across the US, UK, and Australia, specializing in car finance and car care topics. Daniel is the head of the Guides team on car insurance, loans, warranty options, car services and more.

Best Car Insurance For Young Drivers

Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Managing Editor Rashawn Mitchner is an editor for the Guides team with over 10 years of experience covering personal finance and insurance topics.

Car insurance is expensive for teenagers, but some companies offer better rates on average than others. We, the Management Team, have compared the cheapest car insurance companies for different drivers across the country. Find out how to find affordable cover for a 17-year-old here.

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The Management Team is committed to providing reliable information that will help you make the best decision about your car insurance. Because consumers rely on us to provide fair and accurate information, we’ve created a comprehensive rating system to compile our ranking of the best car insurance companies. We collected data from many auto insurance providers to rate companies on a wide range of rating factors. After 800 hours of research, the final result was the overall ranking of each provider, with the highest-scoring insurance providers at the top of the list.

Best And Cheapest Car Insurance For Teenagers (2023)

According to our average estimates, 17-year-olds pay an average of $5,612 per year or $468 per month for full-service auto insurance policies. This is nearly three times the national average for middle-aged drivers, which is $1,730 per year. Car insurance for 17-year-olds is expensive because young drivers have less experience and are more likely to get into an accident.

Even the best car insurance for 17-year-olds will cost more than car insurance for other age groups. This is because statistically young drivers are more likely to be involved in car accidents than older drivers.

17-year-olds have less driving experience than older drivers, so car insurance companies see them as high-risk drivers. And that is not without reason. According to the AAA Foundation for Traffic Safety, drivers aged 16 and 17 were 4.5 times more likely to be involved in an accident than drivers aged 30, 40 and 50 in 2015.

Car Insurance For Teens

Not all car insurance companies charge the same rate for 17-year-old drivers. That’s because no two insurance providers are the same, and they all have different ways of calculating insurance costs.

Auto Insurance Rates: How You Can Cut Your Costs

Car insurance quotes for 17-year-olds are affected by many factors, including their age, location, driving history and credit score. The categories below show the cheapest car insurance companies for 17 year old drivers.

Our ratings show that Erie Insurance is the cheapest regional provider with average rates of $3,137 per year or $261 per month. USAA is the cheapest national carrier with average fares of $3,398 per year or $283 per month.

Below are 11 popular car insurance companies that calculate the cost of comprehensive insurance for 17-year-olds on their policy.

* Auto insurance rates are based on full coverage policies with $50,000 per accident bodily injury, $100,000 per accident bodily injury and $50,000 property damage per accident plus a $500 deductible for accident and comprehensive coverage.

Teen Drivers Special Considerations [infographic]

The cheapest provider in one region may not be the cheapest in another. State laws vary and companies may assess risk differently between states. Below, you’ll find the provider with the cheapest average annual rate for 17-year-old drivers in each state.

While 17-year-olds pay an average of $5,612 a year for auto insurance policies nationally, some pay twice that in other states. The average cost of car insurance is highest in Connecticut, Michigan and Florida.

Our top car insurance options for under 17s offer prices below the national average and various discounts that apply to young drivers.

Car Insurance For Teens

Considering availability and average cost, State Farm is the best car insurance for 17-year-olds. Average rates from State Farm are about 34% lower than national rates for this age group. In addition, State Farm offers discounts and programs that help young drivers save money, including:

Teenage Car Insurance Average Cost: Everything You Need To Know

Erie Insurance is another inexpensive option for 17-year-old drivers. In fact, the average rates for this age group are about 44% lower than the national average. That’s a big difference in annual premium costs. Unfortunately, Erie is only available for drivers in Washington, DC, and 12 states: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin.

According to our rate estimates, Geico is about 35% cheaper than the national average for 17-year-olds. We also ranked Geico as the best overall provider of premium drivers because of its strong industry reputation, great customer service and wide selection of coverage options. Geico offers the following discounts for young drivers:

USAA is generally one of the cheapest carriers in the world – 17 year old paying a a a a. However, USAA is only available to military members, veterans and military family members. Seventeen-year-olds may be eligible for assistance if they have enlisted in the military or have a parent who is or was a member of the military. USAA offers the following eligible discounts:

Car Owners is one of the cheapest car insurance companies for people under the age of 17. Our estimates show that this age group pays about 43% less for car owners than the national average. Car Owners is available in 26 states and offers the following discounts that may benefit 17-year-olds:

Best Cars For Teens: 15 Vehicles Under $20k With Top Safety Ratings

There are several factors beyond age that affect the cost of car insurance – some of which are within your control. You can get quotes from different suppliers and get the lowest prices in the following ways.

The type and amount of cover you want will definitely affect your car insurance rates. Most states only require liability coverage, which covers other auto and other people’s medical bills when you cause an accident. This is the cheapest option.

But if you have a car loan, you will need full coverage, including collision and comprehensive coverage. These cover damage to your car if you cause an accident or hit something. You can set your policy limits to control costs.

Car Insurance For Teens

Increasing your deductible can lower your car insurance premium. However, you will have to pay more out of pocket if you have an accident, so don’t make your deductible unreasonably high.

What Every Parent Should Know When It Comes To The Best Cars For Teens

Car insurance for teenagers pays more, which is why it’s important to keep a clean driving record. A good driving record allows you to qualify for safe driver discounts.

Often, the best way to save money on teen car insurance is to add a teen driver to the parent’s policy. It will always be more expensive to have a separate policy, even if you buy from the best providers.

Seventeen-year-olds receive special discounts that other drivers would not be able to access. Discounts like the ones below can help ease the stress of paying high insurance rates.

You can also consider crash forgiveness as an add-on. Accident forgiveness keeps your rates the same if you get a single accident. Some companies only offer this option after a few years of installation, however.

Cheap Car Insurance In Virginia Beach, Va. (2023 Rates)

17-year-olds with good driving records can get lower-than-average rates from providers like Erie, Auto-Owners, USAA, Geico and State Farm. We recommend comparing at least three car insurance quotes when shopping.

Based on our research, Erie Insurance offers the cheapest auto insurance for 17-year-olds at $261 per month or $3,137 per year for a full policy. Car owners and USAA can also be affordable options.

Our cost estimates show that 17-year-old drivers in CT can get affordable coverage from the state for $228 a month or $2,731 a year from Geico.

Car Insurance For Teens

There are many cheap cars that can be insured for 17-year-olds, from compact cars to sedans and mid-size SUVs. In general, sports and luxury cars tend to be more expensive to insure, so avoid these. Also, insurance is less expensive if you own the car outright and don’t need to pay in full.

How To Find Cheap Car Insurance For 17 Year Olds

Car insurance for a base model Dodge Charger costs a little more than a regular car, even for a 17-year-old. However, upgrading to higher performance models like the 485 horsepower Scat Pack or the 650 horsepower SRT Hellcat will increase your risk rating in the eyes of insurance companies and cost more.

Yes, 17-year-olds can make monthly payments on car insurance. All major providers offer monthly payment plans. Some offer small discounts for paying every six months or a year in advance, but others do not.

Because users rely on us to provide fair and accurate information, we have created a comprehensive rating system to consolidate our ratings.

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