Getting car insurance for a 17-year-old can be quite expensive. Today a 17-year-old can have his or her car insurance coverage. In some countries in the world, a 17-year-old isn’t permitted by law to drive a car talk more of getting car insurance.
Cars are a necessity in today’s world which is why teenagers that are 17 years of age can own a car. Most teenagers at that age are in college or work part-time jobs so they are sometimes considered to be an adult hence they can do what grown-ups do to some extent.
You need to know how much is car insurance for a 17-year-old before contemplating allowing them to drive a car.
A 17-year-old driver is considered as an inexperienced driver and they are pronto getting involved in accidents at that age so insurance companies tend to charge a higher rate of premiums for teenagers. But you must know there are other ways you could pay less for it. Just stick around to find out more.
What is the Average Cost of Car Insurance for a 17-year-old?
Getting a teenager’s car insurance can be expensive as you can get at an average rate of $5,836 annually for full coverage.
There are certain factors that determine the rate at which you would be given a premium for your car insurance. And they are the city or place where you reside, the car model, your insurance policy bought by you, and some other conditions.
To get a cheaper rate of policy it is advisable to add your teen to your car insurance coverage. Read on for more information.
The Cost of Adding a 17-Year-Old to Your Car Insurance.
The cost of adding a 17-year-old to your insurance coverage is cheaper compared to your teen has his or her insurance coverage. But it can still be expensive though but better compared to the other.
A 17-year-old female driver will get a rate of $1,420 full coverage when added to her parent’s insurance policy, while a boy gets an average rate of $1,749.
If you decide to buy a separate policy for your teen, it will likely cost you about $5,490 for females while $6,357 for males. It is obvious you will save yourself a whole lot if you add your teen to your insurance coverage.
Why do Male Teenagers’ Car Insurance Policies Cost More Than Females?
You may wonder why male teenagers’ insurance policies cost more than that of a female. The reason is that male drivers are considered higher risked drivers compared to females. It has been proved that male drivers get involved in accidents more than female drivers.
Furthermore, they easily get involved with issues with the traffic officials, drive recklessly, and often ignore the traffic rule of wearing a seat belt.
At the age of 25, they are considered mature individuals, hence they can now obtain a regular insurance policy.
List of Companies That Offer Cheap Car Insurance for a 17-year-old
- Concord
- Liberty Mutual
- USAA
- North Carolina
- Farm Bureau
- Safeco
- For
- Erie
This list of companies provides the cheapest rate of car insurance you can get. So try checking out these insurance companies to get your teen insured.
Rules and Regulations for a 17-Year-old Driver
State laws that only apply to underage drivers (drivers below 18 years) are called Graduated Drivers License (GDL). These laws limit where a 17-year-old can drive. Below are the following GDL laws that guide teenagers:
- Restrictions on allowing certain passengers to be in your car
- Driving during the day only
- Restrictions on using your phone when driving (texting and receiving calls)
- Restrictions on driving destinations (only work and school)
Conclusion
Driving a car is a huge risk on its own so one must be very careful when driving. Teenagers especially those below 17 years are considered underage hence there is a need to give them the necessary guidance when on the highway. I hope this article answered the question “how much is car insurance for a 17-year-old?”
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