However, the cost of insuring a 17-year-old varies widely depending on the. Younger teens tend to pay more for car insurance coverage, and 16-year-olds pay an average of 85% more than 19-year-olds. Adding a teen to an existing car insurance policy can be significantly cheaper than having a teen get their own policy. If you're looking for a policy and want to start your search, you can start by consulting WalletHub's guides on the best car insurance for teens and the cheapest car insurance for teens.
While teens can get their own policies, car insurance just for a teen costs much more than if added to an existing policy. The difference between car insurance rates for 17-year-old men and women ranges from 22% with State Farm to 9% with GEICO. Most car insurance companies will require teens who live with their parents to be listed on the parents' policy. Teenage girls have lower accident rates than their male peers, and this translates to lower car insurance rates.
Car insurance for teens is much more expensive than coverage for older, more experienced drivers, due to teens' propensity to drive riskly and the relative lack of experience behind the wheel. It's also generally easier to add a 17-year-old to a policy with their parents or guardians than it is for a 17-year-old to take out their own car insurance. While car insurance is often expensive for teens, there are still ways to reduce the cost of covering a young driver. Family policy rates are based on a review of auto insurance quotes for two-parent households in the states of Illinois, New York, Ohio, Texas and Washington.
One of the best ways to reduce the cost of car insurance for teens is to add them to an existing policy instead of having them buy their own policy. In most cases, 17-year-olds receive a lower price when added to their parents' car insurance than if they do it alone. Insurance companies charge high rates to teens of any age, because teens are considered to be among the riskiest drivers to be insured. If the cost of car insurance for a 16-year-old person is still too high, you might consider adding them to an existing policy.
The most affordable way to get car insurance for a teen is to add the teen to a more experienced driver's policy, such as that of a parent or guardian.