We collect data on dozens of auto insurance providers to rate companies based on a wide range of ranking factors. According to the Centers for Disease Control, adolescent drivers between 16 and 19 years old are at greater risk of car accidents than any other age group. The table below illustrates the average annual premium for car insurance with full coverage for 17-year-olds by state. Comparing the car insurance rates of these providers can help you find affordable coverage for you and your vehicle.
Every car insurance company has its requirements, so check with your company to see if your 17-year-old child qualifies. For example, cars like Maserati, BMW, Porsche and Audi are some of the most expensive cars to insure. This is the most affordable option to insure these drivers, but it can still lead to a substantial increase in the premium. They could also have their driving privileges suspended for a year or until they present proof of insurance.
That way, there won't be any surprises when you add the vehicle and your teen to your policy and have a clearer idea of the financial implications of a particular car for your teen. If your insurer says that your policy already extends to temporary drivers, insurance rates are unlikely to increase. However, the increase in your rate also depends on state laws, your insurance company, and your driving history. Mississippi Farm Bureau Insurance offers local auto insurance coverage that is backed by strong ratings for financial strength and customer service.
However, by getting quotes from several companies, teaching your teen safe driving habits, and taking advantage of available discounts, you may be able to find an insurance policy that works for you and your family. Cars that are considered more expensive to repair, such as luxury cars and electric vehicles, can make their rates higher than those that may cost less to repair. Mark Friedlander is director of corporate communications at III, a non-profit organization that focuses on giving consumers a better understanding of insurance. As such, your premiums may be lower than when you first got your license, but your average car insurance costs are still significantly higher than average.