Cost Of Insurance For 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.

Cost of insurance for 17 year old.

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. 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. However by the time your teen reaches 19 or 20 years old a standalone. Average insurance cost for 17 to 24 year old.

744 at 25 to 29. Mainstream insurers usually offer car insurance for 17 year olds at sky high premiums if at all. A young driver with a fully comprehensive telematics insurance policy on a three year old 1 litre car of low value can expect to pay around 1 500 in the first year. 974 at 20 to 24.

574 at 30 to 39. 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. However if instead the teen driver is added to their parents plan they can enjoy significant savings more than 50 in most cases.

Lowest premium for a 17 year old. Car insurance for a 17 year old costs 10 922 per year on average if they purchase their own policy. The report looked at comprehensive insurance prices and found that between april and june 2020 17 year olds paid an average of 2 051. 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. 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.