Car insurance for teens is far away. A 17-year-old can own and insure a car in most states, but only if a parent or legal guardian co-signs the vehicle title and insurance coverages. 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. Car insurance for a 17-year-old is very expensive because new drivers are more likely to have accidents.
Before you call your insurance company, clearly understand how much your insurance rates could increase if you file a claim for an accident in which you were at fault. Younger teens tend to pay more for car insurance coverage, and 16-year-olds pay an average of 85% more than 19-year-olds. These things will ensure that your teen understands how to drive safely and will make you pay as little as possible for your car insurance. Adding a teen to an existing car insurance policy can be significantly cheaper than having a teen get their own policy.
For 17-year-old male drivers with their own policies, Island, North Carolina Farm Bureau, Erie Insurance, USAA and Mapfre are among the national companies with the cheapest car insurance rates. While teens can get their own policies, car insurance just for a teen costs much more than if added to an existing policy. While adding a teenager to your car insurance policy is expensive, you can reduce costs by comparing prices to find the best car insurance rates. 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.
Offer exemplary driving behavior, make sure your children comply with GDL laws, and look for car insurance with every renewal to ensure you get the best deal. While car insurance is often expensive for teens, there are still ways to reduce the cost of covering a young driver. Most car insurance companies will require teens who live with their parents to be listed on the parents' policy. 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.
Carole Walker, executive director of the Rocky Mountain Insurance Information Association, says that car insurance companies charge 17-year-olds more because teenagers pose a greater risk to insurers than more experienced drivers.