Probably you are looking for the answer to How Much Is Car Insurance For A 17-Year-Old Per Month? A 17-year-old driving may sound scary, but it’s a rite of passage many teenagers look forward to if they can convince their parents to agree. If you’re one of these drivers, it’s important to know how much car insurance costs so you can prepare financially. Let’s take a look at what kind of expenses are involved and get an idea of how much car insurance for a 17-year-old per month will cost.
The Best Time To Buy Car Insurance
This is a tricky question with a lot of variables that determine how much car insurance will cost. On average, though, you should be able to find comprehensive car insurance for around $150 per month. Here are some ways to save money on your monthly car insurance payments:
Determine if you need full coverage or just liability coverage. If you live in an urban area with strict regulations and high parking rates, you may want the extra protection of full coverage or rental car reimbursement options.
All About Minimum Coverage Requirements
In order to receive car insurance in any state, the driver must have liability coverage. Liability coverage pays for a driver’s expenses and damages in case they are at fault. Minimum limits are 25/50/25 on each of these types of coverage; 50,000 is the minimum amount that your liability coverage will pay per person, up to $100,000 per accident and $25,000 for property damage. If you carry collision or comprehensive coverage with lower limits than this, you may be putting yourself at risk. Collision covers damages to your vehicle when another driver causes an accident while driving negligently. Comprehensive covers everything not covered by collision including fire, theft and vandalism. The best way to protect yourself against high prices would be to have both collision and comprehensive coverage with higher amounts than the minimum requirement as well as higher amounts than what other drivers around you may carry
The Best Places To Get Auto Insurance Quotes
- Check with your parent’s insurance carrier
- Enter your zip code into an online auto insurance quote generator
- Talk to a local insurance agent in person or over the phone
- Check with one of the best online car insurance providers (A few examples are GEICO, Progressive, and Nationwide)
- Start comparing rates and plans from reputable car insurance providers (GEICO offers a very low rate for teens and progressive also has low rates for new drivers)
Taking Other Factors Into Consideration When Buying Auto Insurance
Determining the cost of your auto insurance isn’t as simple as age. Certain factors can affect how much you pay for car insurance, such as your vehicle’s make and model, previous driving record, where you live and your age. Even your marital status has an impact on how much you will pay for auto insurance. If you’re a single woman between the ages of 25 and 29, car insurance will likely be more expensive than if you were married or had been previously married. Your occupation also plays a factor in determining how much you’ll pay for auto insurance; high-risk occupations like pilots, drivers and public safety officers typically have higher rates. When it comes to determining the cost of your car insurance policy, there are many different factors that go into consideration. Take these into account when deciding which plan is best for you.
Conclusion
Car insurance is based on risk factors. Teenagers pose a higher risk to insurers than adults because they’re less experienced, they don’t have a license, and they’ll likely be younger drivers who will make more claims. Drivers between the ages of 16 and 24 are twice as likely to make a claim as someone 25 or older. For this reason, teen car insurance rates are usually about double that of an adult.