Cost Of Insurance For 17 Year Old

The report looked at comprehensive insurance prices and found that between april and june 2020 17 year olds paid an average of 2 051.

Cost of insurance for 17 year old.

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

Your particular rate will depend on where you live the type of car you drive the level of coverage among other factors. 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. 574 at 30 to 39.

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. 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. 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.

However if instead the teen driver is added to their parents plan they can enjoy significant savings more than 50 in most cases. How much does car insurance cost for 17 year olds. 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. Mainstream insurers usually offer car insurance for 17 year olds at sky high premiums if at all.

Average insurance cost for 17 to 24 year old. 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.