Cost Of Insurance For 17 Year Old

574 at 30 to 39.

Cost of insurance for 17 year old.

However by the time your teen reaches 19 or 20 years old a standalone. Lowest premium for a 17 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. A brand new audi a3 is likely to cost in the region of 7 000 8 000 to insure.

However if instead the teen driver is added to their parents plan they can enjoy significant savings more than 50 in most cases. 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. 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.

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. 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.

How much does car insurance cost for 17 year olds. 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. Average insurance cost for 17 to 24 year old. 744 at 25 to 29.

When purchasing car insurance for a 16 or 17 year old it usually costs much less to add them to your existing policy. Car insurance for a 17 year old costs 10 922 per year on average if they purchase their own policy. 974 at 20 to 24.