Cheap Car Insurance For Young Male Drivers – The average monthly car insurance cost for 17-year-olds is $489, which comes to $5,864 per year. Car insurance is cheaper for a 17-year-old than for a 16-year-old who is new to the road, but it is still more expensive than what most drivers pay for coverage.
On average, COUNTRY Financial has the cheapest car insurance rates for 17-year-olds, while State Farm is the cheapest car insurance provider in the country for 17-year-old drivers. Both companies offer car insurance for 17-year-olds that are thousands of dollars cheaper per year than average.
Cheap Car Insurance For Young Male Drivers
The average cost of car insurance for a 17-year-old is $489 per month. Due to the lack of driving experience compared to the elderly, we found that 17-year-olds pay $4,212 per year more than older drivers (30, 35, and 45 years old).
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It is still possible for 17-year-olds to get cheap car insurance. We found that COUNTRY Financial has the lowest average car insurance rates for drivers age 17. Since COUNTRY does not operate anywhere, State Farm has the cheapest rates for 17-year-olds among the major car insurance companies.
The price difference between the company with the cheapest and the most expensive car insurance rates for 17-year-olds is $921 per month. This means without comparing coverage prices before buying, you risk paying thousands of dollars more for coverage each year than you want to.
While car insurance is usually more expensive for 17-year-olds, it is actually more expensive for 16-year-old drivers, since they are the most up-to-date. We found that insurance costs 17-year-olds 13% less than drivers just one year younger.
As drivers get older and more experienced behind the wheel, car insurance rates drop. That’s why car insurance for 18-year-olds costs 16% less, on average, than it does for 17-year-olds. By the time a driver turns 25, the average price drops by 67% compared to and the average price for 17-year-olds.
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In fact 25 is usually considered the tipping point when young drivers age out of the highest risk age group, and rates usually drop at that time.
Insurance costs for 17-year-olds (and other young drivers) are more expensive due to their lack of driving experience. Compared to someone who has had a driver’s license for about ten years or more, a 17-year-old has one year or less of driving experience.
That is why young people are more likely to be involved in accidents and make more expensive claims than older drivers. Fortunately, as you gain driving experience, your rate will decrease. Every year before you turn 25, the cost of coverage can drop significantly (as long as you maintain a clean driving record).
It is much cheaper for a 17-year-old driver to join their family’s policy than it is to get their own coverage. We found that it costs $187 less per month to add a young driver to their existing car insurance policy than if they had their own coverage.
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On average, the cost of car insurance for a 17-year-old child added to their parent or guardian’s policy is $302 per month, or $3,625 per year.
Car insurance for 17-year-old male drivers is more expensive than their female counterparts. 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 a lot of information to determine your risk of getting into a car accident, and car insurance is more expensive for young men than young women due to the high number of claims involving male drivers. But some states do not allow gender differences in insurance rates, including:
While car insurance costs 17-year-old male drivers $64 more per month than female drivers, this difference varies by company. The cheapest company for male drivers compared to female drivers is KASA, where the difference between male and female drivers is only $19 per month.
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On average, insurance costs 17-year-olds $489 per month – but the price depends on where you live, along with other factors. The average cost of car insurance in the lowest priced state is $9,925 per year less than the most expensive state.
Hawaii is the cheapest state for car insurance for a 17-year-old. On average, young drivers pay $117 per month for coverage in Hawaii, where setting premiums based on age is against the law. In Louisiana, where rates are already the highest in the United States, the cost of car insurance for 17-year-olds is $944 per month – more than $11,000 per year.
Ratings How we score: Ratings are determined by our editorial team. Our approach takes many factors into consideration, including cost, value for money, quality of customer service, and other product-specific features.
COUNTRY has the lowest rates for 17-year-old drivers of any company, even though it’s only available in 19 states.
Cheapest Car Insurance For New Drivers
COUNTRY Financial has the cheapest average rates for drivers aged 17. Car insurance from COUNTRY costs $253 less per month than the average, or $3,036 per year. However, since COUNTRY only offers coverage in 19 states, not everyone can take advantage of its cheap rates.
Those who live in states where COUNTRY operates may have coverage options other than low-cost coverage for those under 17. Drivers can add these additional types of coverage to their policies:
COUNTRY also offers youth driver discounts, such as savings for completing a short road safety test, maintaining a high GPA, and completing a defensive driving course.
While COUNTRY has the cheapest car insurance for 17-year-olds, it is the most affordable company in only three states – Alabama, Nevada, and Oregon. State Farm is actually the cheapest auto insurance for 17-year-olds in 10 states, which is the most of any provider.
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USAA is also 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 most drivers.
While car insurance rates for 17-year-olds are higher than average, there are still ways young drivers can save money on car insurance. If your premiums go up while you’re shopping for coverage — or if you’re paying too much for your current policy — you should:
The best way to make sure you are getting the best deal is by comparing quotes from the top insurance companies in your area and shopping around when your policy expires. This way, you can make sure you are getting the lowest price for your driving history, age, and location.
COUNTRY Financial has the cheapest car insurance for 17-year-olds, but it only offers coverage in 19 states. State Farm is the cheapest company that offers coverage nationwide.
Factors That Impact Your Cost Of Car Insurance
Car insurance for 17-year-old girls is cheaper than for 17-year-old boys. Female drivers earn $64 more per month than their male counterparts, although this can vary depending on the company.
Young drivers with clean driving records should see their rates drop every year until 25, when they age out of the high-risk age group. And if you keep driving safely, you’ll be eligible for a no-claims and no-accident discount that can help you save even more money.
Found car insurance rates for 17-year-old drivers using Quadrant Information Services’ rates for each ZIP code in all 50 states and Washington, DC for a 2017 Toyota Camry LE with 10,000 miles per year. These rates represent the average cost for 16- and 18-year-olds, and are for full coverage with the following limits:
To find 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, then used the percentage difference between 16- and 17-year-olds. – older drivers to this figure.
How To Find Cheap Car Insurance For Young Drivers
Rachael Brennan is a senior editor and licensed auto insurance expert at . Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, Ladders, and AutoInsurance.com.
Andrew Hurst is a senior editor and licensed auto insurance expert at . His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Magazine, ValuePenguin, and Property Casualty 360.
Maria Filindras is a financial advisor, a licensed Life & Health insurance agent in California, and a member of the Financial Review Council at . Age and gender are the main factors that insurance companies use when determining car insurance rates. Insurers consider these behaviors as valuable information about your driving skills and how likely you are to get into an accident. The less risk you have on these two things, the less money the company spends on your insurance, and the lower the premium you will get.
But this distinction makes it a bit difficult as a potential customer to know if you are being given the right value, or if you are being ripped off. With this in mind, we’ve crunched the numbers to find the average cost of car insurance in Singapore based on your age and gender. We hope this gives you the knowledge you need to better recognize when you see one.
Cheap Car Insurance For Young Drivers No Black Box
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