What is the cheapest insurance for a 17-year-old?
The cheapest car insurance company for teen drivers is Erie Insurance. However, there are several companies that follow close behind, like Auto-Owners Insurance, USAA, Geico and
- Kia Picanto.
- Volkswagen Up.
- Skoda Citigo.
- Seat Mii.
- Ford Ka+
- Nissan Micra.
- Smart Forfour.
- Seat Ibiza.
At what age is car insurance the cheapest? If you keep a clean driving record, your insurance costs should continue to fall throughout your 30s, 40s, and 50s. But you won't benefit from the cheapest premiums until you're in your late 60s.
| Driver Demographics | Average Annual Auto Insurance Rates |
|---|---|
| 17-year-old female | $6,808.57 |
| 17-year-old male | $8,122.15 |
| Average | $7,465.36 |
Some of the cheapest insurance providers for 16-year-old drivers tend to be Geico, Allstate, Progressive, and State Farm . Car insurance for a teen driver can be costly, but parents can seek cheaper rates.
The cheapest major car insurance company for 18-year-old drivers is State Farm. A full coverage policy from State Farm costs around $344 per month. Regional companies like Erie, Farm Bureau and Auto-Owners tend to offer very affordable rates for 18-year-olds.
Group 1 is the lowest insurance group, which also means it's the cheapest insurance group. Group 50 is the most expensive. However, premiums aren't just based on insurance group. Other factors are taken into consideration, too.
| Small cars | Model years | Price |
|---|---|---|
| Subaru Legacy | 2013-21; built after August 2012 | $7,800 |
| Mazda 6 | 2014-18 | $10,200 |
| Subaru Outback | 2015-18, 2022 | $12,200 |
| Toyota Prius v | 2015-17 | $14,500 |
The Honda Civic has been one of the best-selling small cars in the U.S for years, with a winning combination of price, features, safety, reliability and resale value. The sedan was an IIHS Top Safety Pick every year from 2020-2023.
Our cost estimates show that 35-year-old married drivers with good credit and clean driving records pay an average of $144 per month for car insurance. Paying around $100 per month for quality auto coverage is a good deal.
Which gender pays more for car insurance?
Men pay more for auto insurance on average because they're statistically more likely to get into accidents and to have major injuries. However, male drivers only pay about $51 more per year than their female counterparts on average.
Young drivers ages 16 to 24 tend to have the most expensive car insurance. Drivers in this age group are often inexperienced and are more likely to get into car accidents and file insurance claims. As a result, car insurance companies often charge higher premiums to young drivers.
Car insurance in Texas for a 17-year-old costs $3,231 per year, on average. Drivers who are 17 years old pay more for car insurance coverage than the average driver in Texas because they are young and thus more risky to insure.
Normally, your teen will not be listed on your policy and your premium will not increase until they receive their Texas driver license. Every insurance company requires that all licensed family members be included on your car insurance policy, whether they drive your cars or not.
Common causes for expensive insurance rates include your age, driving record, credit history, coverage options, what car you drive and where you live. Anything that insurance companies can link to an increased chance that you will be in an accident and file a claim could result in higher car insurance rates.
Which company offers the cheapest car insurance for a 16-year-old driver? In our survey of average premiums for 16-year-old teen drivers, we identified GEICO as the best auto insurance company for a typical 16-year-old driver, with Nationwide second.
16- and 17-year-old drivers will generally need to be added to an adult's policy. Once a teenager turns 18, they can get their own policy. On average, an 18-year-old driver on their parents' policy pays significantly less for coverage than an 18-year-old driver on their own policy.
| Age | Avg. full coverage premium in North Carolina | Avg. minimum coverage premium in North Carolina |
|---|---|---|
| Age 16* | $3,270 | $1,172 |
| Age 18 | $3,099 | $969 |
| Age 20 | $1,736 | $514 |
| Age 25 | $1,528 | $456 |
Staying on your parents' insurance policy can be a financially sound decision, especially for young drivers under 25, as it is typically more cost-effective than getting your own policy.
Many parents generally opt to retain teens on the family's automobile insurance policy until they graduate from college, assuming they find employment and live away from home. At this point they should be paying for their own housing, food and credit card bills, building up a positive credit rating.
Why is AAA insurance so expensive?
AAA insurance premiums tend to be more expensive than the national average because AAA doesn't write its own policies. Each regional club operates independently and sells insurance policies underwritten by different agencies.
State Farm is the cheapest car insurance company overall according to NerdWallet's analysis, with an average rate of $39 a month for minimum coverage.
Cheapest full-coverage car insurance for new drivers: State Farm. State Farm has the cheapest full-coverage car insurance for new drivers in the country, with an average annual rate of $4,078, or $340 a month. Geico is the second-cheapest option for teen drivers, with full coverage at $4,866 a year, or $406 a month.
- Compare Quotes.
- Our pick of the best cheap car insurance of 2024.
- Hastings Direct YouDrive.
- InsureTheBox.
- Admiral LittleBox.
- Profile - 2.
- Hastings Essential.
- People's Choice.
But between $5,000-$10,000 is the average that a reliable used car is going to cost. Don't worry if you do the math and $5,000 is still out of your budget. You can find a reliable car for cheaper, but it's going to take patience and a lot of time.
