What's the cheapest insurance for a 17-year-old?

Asked by: Brandi Bernier  |  Last update: February 11, 2022
Score: 4.4/5 (29 votes)

Cheapest Companies for 17-Year-Olds Added to Family Policy
  • Company. Annual Premium.
  • GEICO. $2,823.
  • Allstate. $2,850.
  • State Farm. $3,019.
  • Progressive. $3,571.
  • Nationwide. $3,751.

What is the cheapest way to insure a teenage driver?

The cheapest way to insure a teenage driver is by adding them to your own policy. Buying a teen their own policy is very expensive and generally not advised. Depending on the state, a teen driver's annual premium could cost up to twice as much on an individual policy as being added to a parent's policy.

Can I pay for my own insurance at 17?

For insurance purposes, this means a 17-year-old cannot own their own car insurance policy without having an adult sign it with them. In fact, if a teen wants to finance and buy a car, their parent or guardian must co-sign the loan. Even if they were to pay cash, their parent is still the legal owner.

How much is Geico car insurance for a 17-year-old?

It's free, simple and secure. At a monthly rate of $423, Geico is the cheapest car insurance company for 17-year-olds that is widely available nationwide.

How much is insurance if your 17?

According to data from CarInsurance.com, the average 17-year-old will pay $5836 annually for a separate full coverage auto policy. This amount varies based on the type of car your teen drives, where you live, and other factors. That's at least $4000 more than the average 30-year-old driver will pay for auto insurance.

Best cheap car insurance for 17 year old to 19 year old

44 related questions found

Can a 17-year-old pay car insurance monthly?

Can you pay monthly at 17? Yes! Many 17-year-olds choose to spread out the cost of their car insurance and pay it monthly, to make it more affordable. If you choose to pay monthly, you'll end up paying more for your car insurance overall.

Do I have to add my teenager to my car insurance?

Do I Have to Add My Teen Driver to My Car Insurance? No. You don't have to add your child to your car insurance policy. ... However, if a teen falls under a parent's policy, they can remain on that policy as long as they live in the household and drive one of the family cars.

How much does it cost to add a teenager to car insurance Allstate?

It costs about $1,746 per year to add a teenager to Allstate car insurance. Allstate typically charges more than the average auto insurance company to add a teenage driver to a parent's car insurance policy.

Can a teenager buy a car?

Legally, only someone over 18 can get a loan and, even if you are 18 or older, the lender will probably ask for your parent or another adult to co-sign. However, you'll need to make the payments every month, or it will have a negative impact on your credit—and on your co-signer's credit, too.

Can a 17 year old buy a car in Texas?

In Texas, there are no direct age restriction in place for individuals wanting to be recorded on the title and registration as the owner of a vehicle. However, many dealers prefer NOT to sell to a buyer who is still a minor (under 18 years of age) because of related legal ramifications.

Is it cheaper to be on your parents car insurance?

For one thing, you might wonder if it is cheaper to get your own auto insurance policy, but the truth is, it's most likely not. Unless you are over the age of 25 and have a perfect driving record, it will be cheaper for you to just stay on your parents' policy. Your rate is based entirely on risk.

How much does it cost to add a teenager to car insurance Geico?

It costs about $3,053 per year to add a teenager to Geico car insurance. Geico typically charges more than the average auto insurance company to add a teenage driver to a parent's car insurance policy.

What is minimum coverage car insurance?

Here are the minimum liability insurance requirements (per California Insurance Code §11580.1b): $15,000 for injury/death to one person. $30,000 for injury/death to more than one person. $5,000 for damage to property.

How much is insurance for a Mustang GT for a 18-year-old?

According to Consumer Insurance Reports, 18-year-old drivers pay from $3281 to $10,411 to insure a Ford Mustang GT. Male drivers pay about 10 percent more than female drivers in this age group, except in states that prohibit insurance companies from using gender as a factor in pricing.

Is a Mustang expensive to insure?

How Expensive Is It to Insure a Ford Mustang Compared to Other Cars? Driving a Ford Mustang is on the expensive side when it comes to a car insurance policy. It costs an average of $1,571 to insure a Ford Mustang, compared to an average of $1,428 across all models.

Are Camaros or Mustangs cheaper?

When comparing the newest models, a Ford Mustang has less-expensive car insurance than a Chevrolet Camaro by an average of $496 per year. For a 2022 Chevrolet Camaro, rates range from $1,382 to $1,946 per year, while insurance on a 2022 Ford Mustang ranges from $1,918 to $2,362 for full-coverage.

Can my son drive my car if he is not insured?

Most insurers cover someone else driving the policyholder's car with their permission once in a while. But, if you're going to start driving one of your parent's cars regularly, you'll need to be added or named on their auto insurance. You can't legally drive your parents' car without any insurance at all, either.

Can my daughter be on my car insurance if she doesn't live with me?

Generally, car insurance companies don't allow policyholders to add people who don't live in the same household as them to their policy, but it varies based on the case. ... But if they don't live with you, you likely won't be able to add them to your car insurance.

Should I put car in child's name?

Register the car in your child's name.

Generally and statistically speaking, college students are more likely than other types of drivers to get into car accidents. Recognizing this, insurance carriers may very well charge more to insure your son or daughter.

Why is car insurance so expensive for 17 years old?

The main reason that car insurance for 17-year-olds is so expensive, is because you are viewed as a much higher risk, deemed more likely to be involved in an accident and therefore need to claim.

What is a black box for?

A "black box" is either physically installed in the car or downloaded as a smartphone app. It links to a GPS device that measures and records vehicle speed, location, distance traveled, driving frequency, and time of day the car is in motion.

What is the best car for a 17 year old?

Best cars for 17-year-olds
  • Peugeot 108/Citroen C1/Toyota Aygo.
  • Fiat 500.
  • Toyota Yaris.
  • Skoda Fabia.
  • Ford Fiesta.
  • Nissan Micra.
  • Citroen C4 Cactus.
  • Dacia Duster.

Is it more expensive to insure a sports car?

Higher Insurance for Sports Cars

Be prepared to pay higher insurance premiums. Insurance companies know owners of sports cars go faster than the general driving population and as such, they're at risk of having accidents more frequently — and more seriously — than drivers of minivans, for example.