Best Insurance For Young Drivers With Accidents

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The Cheapest Car Insurance for a 17-Year-Old Can Be Found With Erie Insurance at $261 per Month or $3,137 per Year for a Full-Coverage Car Insurance Policy

Best Insurance For Young Drivers With Accidents

Written by: Daniel Robinson, Written by: Daniel Robinson The Writer Daniel is a team writer for Guides and has written for a number of automotive news sites and marketing companies across the US, UK, and Australia, doing -specialize in the topics of auto finance and car care. Daniel is an authority on the Guides team on auto insurance, loans, warranty options, auto services and more.

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Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Managing Editor Rashawn Mitchner is a Guide team editor with over 10 years of experience covering personal finance and insurance topics.

Car insurance is expensive for teenagers, but some companies generally offer better rates than others. We at the Guides Team compare the cheapest car insurance companies for different drivers across the country. Find out how to get affordable coverage for a 17-year-old here.

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The Guides Team is committed to providing reliable information to help you make the best decision possible about insuring your car. Because consumers trust us to provide objective and accurate information, we have developed a comprehensive rating system to form our rankings of the best auto insurance companies. We collect data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. After 800 hours of research, the result is an overall rating for each provider, with insurers scoring the most points topping the list.

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According to our estimated rates, 17-year-olds pay an average of $5,612 per year or $468 per month for individual full-coverage car insurance policies. This is about three times the national average for middle-class drivers, which is $1,730 per year. Car insurance for 17-year-olds is expensive because young drivers have less experience and are more likely to get into accidents.

Even the best car insurance for 17-year-olds can be more expensive than car insurance for other age groups. This is because teenage drivers are more likely to get into car accidents than older drivers.

17-year-olds have less driving experience than older drivers, so car insurance companies see them as high-risk drivers. And that is not without reason. According to the AAA Foundation for Traffic Safety, 16-year-old and 17-year-old drivers were about 4.5 times more likely to be involved in an accident than drivers in their 30s, 40s and 50s in 2015.

Not all car insurance companies charge the same amount for 17-year-old drivers. That’s because no two insurance providers are the same, and they all have different methods of calculating insurance premium costs.

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Many factors influence car insurance quotes for 17-year-olds, including their age, location, driving history and credit score. The sections below show the cheapest car insurance companies for 17-year-old drivers.

Our estimates show that Erie Insurance is the cheapest provider in the region with an average rate of $3,137 per year or $261 per month. USAA is the cheapest national carrier with an average rate of $3,398 per year or $283 per month.

Below are 11 popular car insurance companies ranked by the total cost of insurance for 17-year-olds with their own policy.

*Car insurance estimates are based on full coverage policies with $50,000 bodily injury per person, $100,000 bodily injury per accident and $50,000 property damage per accident and a $500 deductible for collision coverage and comprehensive coverage.

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The cheapest provider in one state is not necessarily the cheapest in another. State laws vary and companies may assess risk differently between states. Below, you’ll find the provider with the cheapest average annual rate estimate for 17-year-old drivers in each state.

While 17-year-olds pay an average of $5,612 per year for auto insurance policies nationwide, some pay twice as much in some states. The average cost of car insurance is highest in Connecticut, Michigan and Florida.

Our top picks for car insurance for 17-year-olds all offer lower rates than the national average as well as various discounts available to young drivers.

Considering availability and average cost, State Farm is the best car insurance for 17-year-olds. Average rates from State Farm are about 34% below national rates for this age group. In addition, State Farm offers discounts and programs that help teen drivers save money, including:

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Erie Insurance is another affordable option for 17-year-old drivers. In fact, the average rates for this age group are about 44% lower than the national average. That’s a significant difference in annual premium costs. Unfortunately, Erie is only available to motorists in Washington, D.C., and 12 states: Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and Wisconsin.

According to our estimated rate, Geico is about 35% cheaper than the national average for 17-year-olds. We also rate Geico as the best overall provider for good drivers because of its strong industry reputation, great customer service and wide selection of coverage options. Geico offers the following discounts for young drivers:

USAA is generally one of the cheapest providers around – 17-year-olds pay about 39% less than the national average at USAA. However, USAA is only available to military members, veterans and military family members. 17-year-olds can qualify for coverage if they are enlisted in the armed forces or if they have a parent who is or is a member of the military. USAA offers the following applicable discounts:

Auto-Owners is one of the cheapest car insurance companies for 17-year-olds. Our estimates show that this age group pays about 43% less to Car Owners than the national average. Auto-Owners is available in 26 states and offers the following discounts that may be beneficial for 17-year-olds:

Average Cost Of Car Insurance In Sg

There are several factors beyond age that influence the cost of an auto insurance policy – some of which are within your control. You can get quotes from different providers and find low prices in the following ways.

The type and level of coverage you want will definitely influence your car insurance bill. Most states only require liability coverage, which pays for other vehicles and other people’s medical bills if you cause an accident. This is the cheapest option.

But if you have a car loan, you need full coverage, which includes collision and comprehensive coverage. It covers the damage to your car if you are in an accident or bump into something. You can set your policy limits to manage the cost.

Raising your deductible can lower your car insurance premiums. However, you will have to pay more out of pocket if you have an accident, so don’t make the deductible unreasonably high.

Teen Driving Facts And Statistics 2023

Car insurance for teenagers is expensive, so it’s important to keep a clean driving record. A good driving history allows you to qualify for safe driver discounts.

Currently, the best way to save money on teen car insurance is to add a young driver to a parent’s policy. Having a separate policy is almost always more expensive, even if you shop from the best providers.

Seventeen-year-old children can get certain discounts that other drivers may not have access to. Discounts like the ones below can help ease the stress of paying higher rates for insurance.

You can also find accident forgiveness as an add-on. Accident forgiveness will keep your rates the same if you are in an at-fault accident. Some companies only offer this option after several years of coverage, however.

Cheapest Car Insurance For Drivers Under 21 (2023)

Seventeen-year-olds with good driving records can find lower-than-average rates from providers like Erie, Auto-Owners, USAA, Geico and State Farm. We recommend comparing at least three auto insurance quotes when you shop.

Based on our research, Erie Insurance provides the cheapest auto insurance for 17-year-olds at $261 per month or $3,137 per year for a full coverage policy. Auto-Owners and USAA can also be affordable options.

Our cost estimates show that 17-year-old CT drivers can find affordable coverage in the state for $228 per month or $2,731 per year from Geico.

There are many affordable cars for 17-year-olds to insure, from compact cars to sedans and midsize SUVs. In general, sports and luxury cars tend to be more expensive to insure, so avoid those. Also, insurance is less expensive if you have a car outright and don’t need to carry full coverage.

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Car insurance for a base-model Dodge Charger costs less than a standard car, even for a 17-year-old. However, upgrading to higher performance models such as the Scat Pack with 485 horsepower or the SRT Hellcat with 650 horsepower will increase your risk level in the eyes of insurance companies and cost more. .

Yes, 17 year olds can pay monthly for car insurance. All major providers offer monthly payment arrangements. Some give a small discount for paying in full six months or years ahead, while others don’t.

Because consumers trust us to provide objective and accurate information, we have developed a comprehensive rating system to form our