Your son got his driver’s license. He is proud. You’re terrified because you know the next step in this American rite of passage is the dreaded words, “Can I borrow the car?” You also know that unless you want to face financial ruin, you will need car insurance for your teenage driver, and you ask yourself what is car insurance for a 17 year old?
Car insurance for teenagers 17 years old
Yes, car insurance will cost you for 17 years. Remember, like all insurance, that car coverage for your teen is all about assessing risk-based probability. In giant actuarial life schedules, teen drivers are not attractive risks. According to the American Insurance Institute, your 17-year-old is six times more likely to have an accident than a 30-56-year-old driver! If your teen driver is a male, prepare for more car insurance sticker shock. It is statistically proven that young men are exposed to more accidents than young women. Because of the risks associated with teen drivers, there is no such thing as the average cost of car insurance for a teen.
How much is car insurance for a 17 year old?
Car insurance for a 17-year-old is usually more expensive. Many factors are accounted for including driving history, gender and car model and you may find different prices by shopping online.
according to Bankrate.comThe average premium for full annual coverage for 17-year-olds is approximately $3,580. The average minimum premium for a 17-year-old is about $1,189, an increase of 115% and 128% over the national average.
How to get cheap car insurance for 17 year old?
But covering your assets doesn’t mean you need to shell out money from a child’s college fund. Plan ahead for the inevitable and you may be able to get cheap car insurance for a 17-year-old and make some auto insurance savings for teens.
- Many insurance companies offer discounts on teenage car policies for children who complete a driver education program. To get the best discount available, check with your insurance company about the programs they recommend. You may also want to shop to see how competitive other insurance companies are at EINSURANCE.com
- Showing evidence that your child has maintained a good grade point average (usually 3.0 or higher) may also qualify for the teen driver discount.
- Putting your teen on your car insurance policy as an additional driver rather than buying a separate policy should ensure that all of your discounts apply to your child as well. Check with your insurance company to see if this is the case.
- If your teen has had an impact offense and the judge allows it, have him go to traffic school instead of paying the fine. Sitting within a day of that should act as a future deterrent, and it may keep the ticket off his driving record. Rather than just adding your teen to your policy, it may be worth considering switching insurance companies and considering your entire policy that covers you and your teen as an all-inclusive deal and letting the companies compete – it can take a long time, but if it does it means saving money, time is an investment Values.
Teen Driver Safety Tips
If you are in the auto insurance market and would like to get a quote from some of the companies in your area, you can get auto insurance quotes here. While there isn’t a very low insurance cost for a 17-year-old compared to most other drivers, there are several things you can do to reduce your child’s risk of getting into an accident or getting an impact violation:
- Be a good example. If you’re a good driver, chances are your son will too.
- Look at programs like Students Against Drunk Driving, where kids sign contracts agreeing not to drive while under the influence of drugs or alcohol.
- Spend some time as a passenger while your teen is driving, before and after he gets his license.
- Put your teenage driver behind the wheel of a safe, well-maintained vehicle. A family sedan may not be an exciting ride, but letting even the most responsible teenager drive a sports car is just a tempting fate.
- Avoid driving at night and allow your vehicle to be used more during the day.