However, the cost of insuring a 17-year-old varies widely depending on the. One of the reasons car insurance is more expensive for teens is that they have minimal experience behind the wheel. While COUNTRY has the cheapest car insurance for 17-year-olds, it's the most affordable company in just three states: Alabama, Nevada and Oregon. The exact cost of car insurance for a 17-year-old depends on a few factors, including their driving history, gender, location, vehicle, and car insurance company.
Other notable ways to lower the cost of car insurance for teens include reducing your teen's coverage and getting multiple quotes. The most dramatic way to save money on teen insurance will be to add a 17-year-old to a family insurance policy instead of trying to insure him with a standalone policy. Let them know that teens are likely to have accidents and that a flashy sports car is something they can get when they have more driving experience, when they can afford it, and when they are no longer on their insurance. Most car insurance companies will require teens who live with their parents to be listed on the parents' policy.
Younger teens tend to pay more for car insurance coverage, and 16-year-olds pay an average of 85% more than 19-year-olds. Male drivers aged 16 and 18 also pay more for car insurance than their female counterparts. While car insurance is often expensive for teens, there are still ways to reduce the cost of covering a young driver. Since COUNTRY doesn't operate everywhere, State Farm has the cheapest rates for 17-year-olds among major auto insurance companies.
The cheapest car insurance companies for teens are Travelers, USAA and Progressive, according to the WalletHub analysis. The easiest way to save money on car insurance for 17-year-olds is to add them to their parents' existing policy, rather than trying to get them a policy of their own. Most major insurers offer several discounts designed to help reduce the cost of insuring a teen driver. One of the best ways to reduce the cost of car insurance for teens is to add them to an existing policy instead of having them buy their own policy.