Cost Of Insurance For 17 Year Old

The report looked at comprehensive insurance prices and found that between april and june 2020 17 year olds paid an average of 2 051.

Cost of insurance for 17 year old.

In fact if you re aged 17 to 19 a fully comprehensive policy would cost you on average 917 but this goes down the older you get. Car insurance for a 17 year old costs 10 922 per year on average if they purchase their own policy. Car insurance costs for a 17 year old can range between 300 500 per month based on a young driver s level of risk and the kind of car they drive. Average insurance cost for 17 to 24 year old.

Lowest premium for a 17 year old. 974 at 20 to 24. The average car insurance rate for a 17 year old who has his or her own policy is 5 836 per year on average for full coverage. Mainstream insurers usually offer car insurance for 17 year olds at sky high premiums if at all.

Car insurance for a 17 year old may be eligible for good student insurance discounts but you re likely to find cheaper rates when you comparison shop online. However by the time your teen reaches 19 or 20 years old a standalone. 744 at 25 to 29. A brand new audi a3 is likely to cost in the region of 7 000 8 000 to insure.

How much does car insurance cost for 17 year olds. Your particular rate will depend on where you live the type of car you drive the level of coverage among other factors. 574 at 30 to 39. However if instead the teen driver is added to their parents plan they can enjoy significant savings more than 50 in most cases.

When purchasing car insurance for a 16 or 17 year old it usually costs much less to add them to your existing policy. A young driver with a fully comprehensive telematics insurance policy on a three year old 1 litre car of low value can expect to pay around 1 500 in the first year. Car insurance for young drivers is expensive as you ll see in the table below but you can still save by putting the teen on your policy rather than getting him or her their.