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The cheapest auto insurance for 17 year olds can be found at Erie Insurance for $261 per month or $3,137 per year for a full coverage auto insurance policy.
Best Young Drivers Car Insurance
Car insurance is expensive for teenagers, but some companies offer better rates on average than others. We at the Guides Auto Team compared the cheapest auto insurance companies for different drivers across the country. Find out how to get affordable coverage for your 17 year old here.
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Why you should trust our team The Guides Auto team is committed to providing reliable information to help you make the best decision about your car insurance. Our researchers, writers and editors research suppliers and analyze customer reviews and opinions so you can choose with confidence.
We estimate that 17-year-olds pay an average of $5,612 per year or $468 per month for fully covered individual auto insurance policies. That’s about three times the national average for middle-aged drivers, which is $1,730 a year. Car insurance for 17 year olds is expensive because younger drivers have less experience and are more likely to have an accident.
Even the best car insurance for 17 year olds will be more expensive than car insurance for other age groups. This is due to the fact that teen drivers are statistically more likely to get into traffic accidents than older drivers.
17-year-olds have less driving experience than older drivers, which is why auto insurance companies consider them high-risk drivers. And this is no accident. In 2015, 16- and 17-year-old drivers were about 4.5 times more likely to have an accident than drivers in their 30s, 40s, and 50s, according to the AAA Highway Safety Foundation.
Young Drivers: How To Get The Best Deal On Insurance
Not all auto insurance companies charge 17-year-old drivers the same amount. This is because no two insurers are the same, and everyone has different methods for calculating the value of your insurance premium.
Auto insurance rates for 17-year-olds are affected by several factors, including age, location, driving history, and credit score. The following sections show the cheapest auto insurance companies for 17 year old drivers.
We estimate that Erie Insurance is the cheapest regional provider with average rates of $3137/year or $261/month. USAA is the cheapest local provider with average rates of $3,398 per year or $283 per month.
Below are 11 popular auto insurance companies ranked by the cost of full coverage for 17 year olds with their own policy.
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*Auto insurance estimates are based on fully covered policies with $50,000 personal injury per person, $100,000 personal injury per accident, and $50,000 property damage per accident plus $500 deductible for collision and full coverage. coating.
The cheapest supplier in one state is not necessarily the cheapest in another. State laws vary and companies may assess risk differently in different states. Below you will find the provider with the estimated lowest average annual rate for drivers aged 17 in each state.
While 17-year-olds pay an average of $5,612 a year for auto insurance policies across the country, some states pay double that. The average auto insurance cost is highest in Connecticut, Michigan and Florida.
All of our top auto insurance options for 17 year olds offer rates below the national average and various discounts applicable to young drivers.
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Considering affordability and average cost, State Farm is the best car insurance for 17 year olds. Average rates on state farms are about 34% lower than the national rates for this age group. In addition, State Farm offers discounts and programs to help teen drivers save money, including:
Erie Insurance is another affordable option for 17 year old drivers. In fact, the averages for this age group are about 44% lower than the national average. This is a significant difference in annual premium costs. Unfortunately, the Erie is only available to motorists in Washington DC and 12 states: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin.
We estimate that Geico is about 35% cheaper than the national average for 17-year-olds. We also ranked Geico as the best provider of good drivers due to its solid reputation in the industry, good customer service, and wide range of coverage options. Geico offers the following discounts for young drivers:
USAA tends to be one of the cheapest providers, with 17-year-olds paying about 39% less than the USAA national average. However, USAA is only available to members of the military, veterans, and family members of military personnel. Seventeen-year-olds may be eligible for coverage if they are in the military or if their parents are or have been in the military. USAA offers the following applicable discounts:
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Auto-Owners is one of the cheapest auto insurance companies for 17 year olds. Our estimates show that this age group pays car owners about 43% less than the national average. Car Owners is available in 26 states and offers the following discounts that may be beneficial for 17 year olds:
In addition to age, the cost of an auto insurance policy is affected by several factors, some of which are within your control. You can get quotes from different providers and find low rates in the following ways.
The type and level of coverage you want will certainly affect your auto insurance rates. Most states only require liability insurance, which pays for other people’s other vehicles and medical bills when you cause an accident. This is the cheapest option.
But if you have an auto loan, you will need comprehensive coverage, which includes collision and full coverage. They cover damage to your car when you cause an accident or hit an object. You can set your own policy limits for cost control.
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Increasing your deductible may decrease your auto insurance payment. However, in the event of an accident, you will have to pay more out of your own pocket, so don’t unreasonably increase your deductible.
Car insurance for teens is already expensive, so it’s important to maintain a clean driving record. A good driving history allows you to qualify for safe driver discounts.
By far the best way to save money on teen auto insurance is to add a young driver to a parent’s policy. Having a separate policy will almost always be more expensive, even if you buy from the best providers.
17 year olds may receive certain discounts that other drivers may not have access to. Discounts like the ones below can help ease the stress of higher insurance rates.
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You can also ask for forgiveness for an accident as an add-on. Accident forgiveness keeps your rates unchanged if you’re involved in an accident at fault. However, some companies only offer this option after several years of coverage.
17 year olds with good driving experience can find below average rates from providers such as Erie, Auto-Owners, USAA, Geico and State Farm. We recommend comparing at least three auto insurance quotes when shopping.
According to 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. Car Owners and USAA can also be convenient options.
Our cost estimates show that 17-year-old drivers in Connecticut can find low-cost coverage in the state for $228/month or $2,731/year from Geico.
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There are many affordable cars for 17 year olds, from compact cars to mid-size sedans and SUVs. As a general rule, sports and luxury car insurance is more expensive, so avoid them. Also, insurance is cheaper if you own a car and don’t need to carry full insurance.
Car insurance for a base Dodge Charger only costs a little more than a standard car, even for a 17-year-old. However, upgrading to higher-spec models such as the 485 horsepower Scat Pack or the 650 horsepower SRT Hellcat will increase your risk in the eyes of insurance companies and will cost you more.
Yes, 17 year olds can pay monthly for car insurance. All major providers offer monthly payment options. Some offer small discounts when paying in advance for the entire six months or a year, while others do not.
Because consumers expect us to provide unbiased and accurate information, we have created a comprehensive rating system to compile our ranking of the best auto insurance companies. We collected data on dozens of auto insurance providers to rank companies based on a wide range of ranking factors. The end result was an overall ranking for each provider, with the highest-scoring insurers at the top of the list. Most teenagers can’t wait to get behind the wheel of their first car. What can ease their excitement is finding affordable auto insurance. Unfortunately, for young drivers, car insurance can be expensive. However, there are some good deals on the market if you know where to look.
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For this study, we analyzed quotes from over 50 car insurance companies available on 2 major comparison sites to find the cheapest comprehensive plans in major English cities for new young drivers.
The team collected sample offers from over 50 UK car insurance companies to find out which were the cheapest for young drivers, based on
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