How to Get Cheap Car Insurance for 17-year-olds?

For many teens, learning the art of driving is their gateway to independence and adulthood! This is the age where most of the teens will get their driving license and insurance policy. On the other side, this is one of the most arduous tasks for parents.

Adding another driver in insurance can cost a significant amount and can hamper their pockets. The rates for teenage drivers are always on the high due to their risk factors. However, with the help of some tips, they can save their money and get cheap 17 year old car insurance.

What are the Average Car Insurance Costs for 17-Year-Olds?

Several factors affect the cost of car insurance for 17-year-olds. However, for a 17-year-old, the average price looms around $4,000 to $5,500 per year. This is the cost for teens who want to buy their separate auto insurance policy. 17-year-olds who remain on their parents’ policy will get much cheaper rates for their auto insurance policy. However, many obtain quotes from Freeway Insurance who is known for cheap auto insurance.

There are a variety of criteria on which companies will determine the rate of your insurance premium. They will assess the risk factors and your chances of getting into accidents and decide your policy rate accordingly.

Here are some of the factors that affect the cost of car insurance for a 17-year-old:

Location:

The area where you live will also affect the rate of your insurance. The safer your location, the lesser you will have to pay for insurance. If you have a storage place or garage to park your car, you can also get some discounts.

Vehicle type:

The make and model of your vehicle can also affect the rate of insurance policy for teens. Some cars are considered as safe as houses, and that makes it cheaper to insure these cars. If your vehicle is brimming with safety features, then you may be eligible for various discounts.

Mileage:

The more you drive, the chances of you getting into an accident increases. Hence, you will be categorized as a high-risk driver. This will raise your insurance cost. Because of this, a 17-year-old driver who drives the car daily is going to pay more than the person who drives occasionally.

How to get cheap car insurance for 17-year-olds?

When you search for cheap car insurance for 17 year old drivers, the prices will almost give you a heart attack! Typically, the car insurance rates of young drivers tend to stay on the higher side. However, you can try some tips to lessen the burden on your pocket.

The best thing you can do is to ask your insurance agent if there are any discounts available or not.

If your child is good in studies, you can get cheap auto insurance for your 17-year-olds because of the good student discount. Students who can maintain a “B” or a 3.0 GPA can get this discount.

Another way to save money on kid’s insurance is to keep them on a joint insurance policy with their parents. Most of the companies will offer you multiple policies discounts.

If the children had gone through a defensive driving course, then the insurance cost can be cut down. Usually, few hours are enough to complete these courses, and the young drivers will learn a lot from these sessions.

Finally, get multiple quotes from several insurance companies as it will help you compare rates and see which offer is best as per your budget. The rates will vary from company to company, which can help you save some more money on your insurance.

Final Words

When you are looking to insure a 17-year-old, you need to keep your pockets open as the rates can be on the pricey side. However, buy the policy which has your utmost trust. There are many insurance companies in the market but choose one that is trustworthy.