Cost Of Insurance For 17 Year Old

When purchasing car insurance for a 16 or 17 year old it usually costs much less to add them to your existing policy.

Cost of insurance for 17 year old. Car insurance for a 17 year old may be eligible for good student insurance discounts but you re likely to find cheaper rates when you comparison shop online. Car insurance for a 17 year old costs 10 922 per year on average if they purchase their own policy. The average car insurance rate for a 17 year old who has his or her own policy is 5 836 per year on average for full coverage. Car insurance for young drivers is expensive as you ll see in the table below but you can still save by putting the teen on your policy rather than getting him or her their.

The report looked at comprehensive insurance prices and found that between april and june 2020 17 year olds paid an average of 2 051. 574 at 30 to 39. Mainstream insurers usually offer car insurance for 17 year olds at sky high premiums if at all. In fact if you re aged 17 to 19 a fully comprehensive policy would cost you on average 917 but this goes down the older you get.

However by the time your teen reaches 19 or 20 years old a standalone. A brand new audi a3 is likely to cost in the region of 7 000 8 000 to insure. 974 at 20 to 24. How much does car insurance cost for 17 year olds.

Lowest premium for a 17 year old. 744 at 25 to 29. Average insurance cost for 17 to 24 year old. The cost of car insurance for 17 year olds can be expensive which is why it s more important than ever to shop around to find a good deal on insurance.

However if instead the teen driver is added to their parents plan they can enjoy significant savings more than 50 in most cases. Unless your 17 year old has a high paying job and can afford to pay nearly 6 000 or premium per year for car insurance it could be cheaper to keep them on your policy. Your particular rate will depend on where you live the type of car you drive the level of coverage among other factors.