Car insurance is important for all drivers, including 17-year-olds.
It helps pay for car fixes if you’re in a crash.
It can also cover costs if your car hurts someone else or their property.
Credit: www2.deloitte.com
Credit: store.nolo.com
Why is Insurance Costly for 17-Year-Olds?
At 17, you have less driving experience.
Insurance companies think this makes you riskier to insure.
So, they usually charge more for your car insurance.
Average Monthly Costs
Insurance costs can vary a lot.
The average cost for a 17-year-old might be between $150 and $350 per month.
But it’s different for everyone.
Factors That Affect Your Insurance Premium
| Factor | How it Affects Cost |
|---|---|
| Car Make and Model | Fancier cars cost more to insure. |
| Location | Some places have higher insurance rates. |
| Driving Record | Safe driving can lower your costs. |
| Credit Score | A better score can mean lower prices. |
| Coverage Type | More coverage usually costs more. |
Ways to Lower Insurance Costs
- Good Student Discounts: Get good grades to save money.
- Safe Driving Courses: Some companies give discounts if you learn safe driving.
- Higher Deductibles: Agree to pay more if there’s an accident.
- Drive Less: Lower rates can come from driving fewer miles.
- Shop Around: Get quotes from different companies to find the best rate.
Insurance Types Explained
There are different kinds of car insurance coverage.
Let’s look at what some terms mean:
- Liability Insurance: Covers costs if you hurt someone or their things.
- Collision Insurance: Pays for your car’s fixes after a crash.
- Comprehensive Insurance: Helps if your car is stolen or damaged by things like storms.
Adding a Teen to a Parent’s Policy
One way to get insurance is to join a parent’s policy.
It usually makes the price go up, but it’s often cheaper than getting your own policy.
Frequently Asked Questions Of How Much Is Car Insurance For A 17-year-old Per Month: Savvy Tips
What Factors Affect 17-year-old Car Insurance Costs?
Car insurance for 17-year-olds can vary due to several factors such as driving history, the type of car, location, and coverage options selected.
How Can A 17-year-old Reduce Car Insurance Rates?
Secure lower premiums by taking a defensive driving course, maintaining good grades for a student discount, and opting for a safer, less expensive vehicle.
Is Car Insurance Pricier For 17-year-old Males?
Statistically, 17-year-old males often face higher car insurance rates than females due to a higher risk of accidents as reflected in insurance data.
What’s The Average Monthly Cost For Teen Car Insurance?
Insurance for a 17-year-old driver typically ranges from $150 to $500 per month, varying widely based on individual circumstances and the provider.
Conclusion
Getting car insurance at 17 can be costly.
But it’s important to have it.
Shopping around and using these tips can help make it more affordable.