Cost Of Insurance For 17 Year Old

574 at 30 to 39.

Cost of insurance for 17 year old. 974 at 20 to 24. Car insurance for a 17 year old costs 10 922 per year on average if they purchase their own policy. Mainstream insurers usually offer car insurance for 17 year olds at sky high premiums if at all. 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.

When purchasing car insurance for a 16 or 17 year old it usually costs much less to add them to your existing policy. 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. The report looked at comprehensive insurance prices and found that between april and june 2020 17 year olds paid an average of 2 051. On average it costs 57 more per six month policy period for a 17 year old to be on their own policy than to be on the family plan.

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. A brand new audi a3 is likely to cost in the region of 7 000 8 000 to insure. Car insurance costs for a 17 year old can range between 300 500 per month based on a young driver s level of risk and the kind of car they drive. Average insurance cost for 17 to 24 year old.

However by the time your teen reaches 19 or 20 years old a standalone. How much does car insurance cost for 17 year olds. 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. 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.

Your particular rate will depend on where you live the type of car you drive the level of coverage among other factors. Lowest premium for a 17 year old. 744 at 25 to 29.