The average cost of car insurance for a 17-year-old is $5,206 a year, or $434 a month. The actual premium you pay depends on where you live, if you're on a parent's auto insurance policy, your driving history and other factors.
Car insurance companies consider 17-year-old drivers to be high-risk due to their lack of experience behind the wheel, but there are ways to cut down your costs. We found that getting on a parent's auto insurance policy can reduce annual premiums considerably. There are also discounts that can help lower your rate.
This article will go over:
How much does car insurance cost for 17-year-olds?
Our research shows that the average cost of auto insurance for a 17-year-old is $5,206 a year. That breaks down to $434 a month. This is well above the national average for car insurance of $1,255 a year, or $105 a month. Car insurance for 17-year-olds is so expensive because insurers consider them to be extremely highrisk due to their lack of driving experience. This average rate should decrease with age, but you should expect to pay more now.
Cheapest car insurance companies for 17-year-olds
The graph below shows the average national rate of auto insurance for 17-year-olds from 10 major providers:
Other factors may affect the final premium you pay, but a great way to get the best policy at the cheapest price is to compare quotes from multiple auto insurance providers. Being able to look at many policies and their costs side by side will help you keep money in your pocket.
17-year-olds have some of the highest car insurance rates, but we can help you find cheaper premiums.
Car insurance rates for 17-year-old men vs. women
Our research shows that 17-year-old men pay more for auto insurance than women of the same age. The reason for this is many car insurance providers find young men at this age take more risks when driving than equal-aged women. The table below shows the premium cost breakdowns for 17-year-old men and women by provider:
|Company||17-year-old male||17-year-old female||% difference|
|Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.|
Seventeen-year-old men pay an average 23% more for car insurance than women of the same age. This cost disparity tends to decrease over time, then even out once a driver reaches 25 years old.
Individual car insurance vs. getting on a parent's policy
At age 17, the easiest way to reduce your premium is to get added to a parent's auto insurance policy. The benefit of getting on a parent's car insurance policy is that the total rate of a combined policy will be much less than if you and your parents had separate policies. The downside to a combined policy is that if either you or your parents file a claim, it will probably increase everyone's rates.
Car insurance discounts for 17-year-olds
After getting on a parent's auto insurance, taking advantage of available discounts is the next best way to reduce your premiums. The two discounts most advantageous to 17-year-old drivers are:
- Good student discount: Many auto insurance companies offer full-time students with a good student discount that may save you up to 25% off your annual rate.
- Safe driving discount: If you complete a certified driving course or program, you may get up to a 15% discount on your car insurance premium.
Cheap, safe cars for 17-year-olds
Driving a safe car can reduce your risk rating and possibly decrease your auto insurance premium. According to the Insurance Institute for Highway Safety (IIHS), the following are some of the best cars to qualify for their top safety picks:
|Vehicle||Model years||Average price|
|Mazda 3||2014 or newer||$7,000|
|Subaru Legacy||2013 or newer||$7,600|
|Mazda CX-5||2014 or newer||$8,200|
|Subaru Impreza||2014 or newer||$8,700|
|Honda Accord||2013 or newer||$9,200|
|Volkswagen Jetta||2016 to 2018||$9,800|
The average rates used in this article are based on thousands of quotes for full-coverage auto insurance in random national ZIP codes for 17-year-old male and female drivers with excellent credit and no accidents. The vehicle used for data is a 2012 Honda Accord LX with 16,000 miles in annual mileage.
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