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The cheapest car insurance for a 17-year-old can be found with Erie Insurance at $261 per month or $3,137 per year for a full coverage car insurance policy
Auto Insurance For 17 Year Olds
Written by: Daniel Robinson Written by: Daniel Robinson Writer Daniel is a team writer for Guides and has written for a number of automotive news websites and marketing companies across the US, UK and Australia, specializing in the topics of car finance and car care. Daniel is the authority on the team of guides for auto insurance, loans, warranty options, auto services and more. WRITER
Teen Drivers And Passengers: Get The Facts
Edited by: Rashawn Mitchner Edited by: Rashawn Mitchner Editor-in-Chief Rashawn Mitchner is an editor on the guide team with over 10 years of experience covering personal finance, lending, insurance and warranty topics. senior editor
Auto insurance is expensive for teenagers, but some companies generally offer better rates than others. We at the Guides Team compare the cheapest car insurance companies for different drivers across the country. Find out how to get affordable insurance for a 17-year-old here.
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The guide team is committed to providing reliable information to help you make the best possible decision about your car insurance. Because consumers trust us to provide objective and accurate information, we've developed a comprehensive rating system to form our ranking of the best car insurance companies. We collect data on dozens of auto insurance providers to rate companies against a wide range of ranking factors. After 800 hours of research, the result is an overall score for each provider, with the insurers that scored the most points at the top of the list.
Car Insurance For Teens
At our estimated rates, 17-year-olds pay an average of $5,612 per year or $468 per month for individual full coverage auto insurance policies. That's about three times the national average for middle-class drivers, which is $1,730 a year. Car insurance for 17-year-olds is expensive because young drivers have less experience and are more likely to get into accidents.
Even the best car insurance for 17-year-olds can be more expensive than car insurance for other age groups. This is because teenage drivers are more likely to get into car accidents than older drivers.
Seventeen-year-olds have less driving experience than older drivers, so insurance companies consider them high-risk drivers. And that's not without reason. According to the AAA Foundation for Traffic Safety, 16- and 17-year-old drivers were about 4.5 times more likely to be involved in a crash than drivers in their 30s, 40s and 50s in 2015. .
Not all insurance companies charge the same amount for 17-year-old drivers. This is because no two insurance providers are the same and they all have different methods of calculating insurance premium costs.
How Much Is Car Insurance For 19 Year Olds?
Many factors affect car insurance rates for 17-year-olds, including their age, location, driving history and credit score. The sections below show the cheapest car insurance companies for 17 year old drivers.
Our estimates show that Erie Insurance is the least expensive provider in the region with an average rate of $3,137 per year or $261 per month. USAA is the cheapest national carrier with an average rate of $3,398 per year or $283 per month.
Below are 11 popular car insurance companies ranked by total cost of insurance for 17-year-olds with their own policy.
*Car insurance estimates are based on full coverage policies with $50,000 bodily injury per person, $100,000 bodily injury per accident and $50,000 property damage per accident, and $500 collision deductible and comprehensive coverage.
How Old Do You Have To Be To Buy A Car?
The cheapest service provider in one country is not necessarily the cheapest in another. State laws vary and companies may assess risk differently between states. Below you will 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 nationwide, some pay twice as much in some states. The average cost of car insurance is highest in Connecticut, Michigan and Florida.
Our top picks for car insurance for 17-year-olds offer lower rates than the national average, as well as a variety of discounts available to young drivers.
When it comes to availability and average cost, State Farm is the best car insurance for 17-year-olds. Average rates from State Farm are about 34% below national rates for this age group. In addition, State Farm offers discounts and programs to help teens save money, including:
Compare Car Insurance Quotes From $57/mo (september 2023)
Erie insurance is another affordable option for 17-year-old drivers. In fact, average rates for this age group are about 44% lower than the national average. That's a significant difference in annual premium costs. Unfortunately, Erie is only available to drivers in Washington, D.C., and 12 states: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and Wisconsin.
At our estimated rate, Geico is about 35% cheaper than the national average for 17-year-olds. We also rate Geico as the best overall good driver provider because of its strong industry reputation, excellent customer service, and wide selection of coverage options. Geico offers the following discounts for young drivers:
USAA is one of the cheapest carriers overall - 17-year-olds pay about 39% less than the national average at USAA. However, USAA is only available to military members, veterans, and military family members. 17-year-olds can qualify for insurance if they are in the armed forces or have a parent who is or is a member of the military. USAA offers the following applicable discounts:
Auto-Owners is one of the cheapest car insurance companies for 17 year olds. Our estimates show that this age group pays about 43% less to car owners than the national average. Auto-Owners is available in 26 states and offers the following discounts that may be useful for 17-year-olds:
Pay Less For Car Insurance For Teens & New Drivers
There are several factors other than age that affect the price of an auto insurance policy - some of which are within your control. You can get quotes from different service providers and find low prices in the following ways.
The type and level of coverage you want will definitely affect your car insurance bill. Most states only require liability coverage, which pays for other vehicles and other people's medical bills if you cause an accident. This is the cheapest option.
But if you have a car loan, you need comprehensive coverage, which includes collision coverage and comprehensive coverage. It covers damage to your car if you have an accident or bump into something. You can set limits on your policies to manage costs.
Increasing your deductible amount can lower your car insurance premiums. However, you will have to pay more out of pocket if you have an accident, so don't make your deductible unreasonably high.
State Farm Auto Insurance Review 2023
Car insurance for teenagers is expensive, so it's important to keep a driving record. A good driving history allows you to qualify for safe driver discounts.
Currently, the best way to save money on teenage car insurance is to add a young driver to your parent's policy. Having a separate policy is almost always more expensive, even if you buy from the best suppliers.
Seventeen-year-old children can get certain discounts that other drivers may not have access to. Discounts like the ones below can help ease the stress of paying higher insurance rates.
You can also find accident forgiveness as an add-on. Accident forgiveness will keep your rates the same if you are in an at-fault accident. However, some companies only offer this option after several years of coverage.
Cheapest Car Insurance In Texas (september 2023)
Seventeen-year-olds with good driving records can find lower-than-average rates from providers like Erie, Auto-Owners, USAA, Geico and State Farm. We recommend that you compare at least three auto insurance offers 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 coverage policy. Auto-Owners and USAA can also be affordable options.
Our cost estimates show that 17-year-old CT drivers can find affordable coverage in the state for $228 per month or $2,731 per year from Geico.
There are many affordable cars for 17 year olds that you can insure, from compact cars to sedans and mid-size SUVs. In general, sports and luxury cars are more expensive to insure, so avoid them. Also, insurance is cheaper if you own the car outright and don't have to have a lot of coverage.
Ways To Lower Car Insurance After An Accident (2023)
Car insurance for a base model Dodge Charger costs less than a standard 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 level of risk in the eyes of insurance companies and cost more. .
Yes, 17-year-olds can pay monthly car insurance. All major providers offer monthly payment arrangements. Some offer a small discount for paying a full six months or years in advance, while others do not.
Because consumers trust us to provide objective and accurate information, we create a comprehensive rating
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