Best Cheap Car Insurance Companies for 17-Year-Olds (2024)

FAQs

What is the cheapest insurance for a 17-year-old? ›

Car insurance is the cheapest for drivers between the ages of 35 and 55. Car insurance is very expensive for teens because they have a high risk of accidents, and then it decreases sharply as drivers age into their 20s and develop more reliable driving habits.

Cheapest Minnesota Car Insurance for 17-Year-Olds

Car insurance prices are slightly cheaper for 17-year-olds in Minnesota, with average costs starting at $2,726 per year.

We chose State Farm, USAA, Geico, Erie Insurance and Liberty Mutual as the best providers for new drivers. Depending on their location, vehicle, age and other factors, new drivers can pay $3,000 per year or more for car insurance.

Why Is Car Insurance So Expensive for 18-Year-Olds? Car insurance rates are more expensive for teenage drivers because they have less driving experience and get into more car accidents. Even an 18-year-old with a clean driving record will likely pay much more for auto insurance than drivers in their 30s or 40s.

Both Geico and Progressive offer cheap car insurance to drivers across the country. Geico's rates are typically lower overall, but Progressive tends to offer better prices to high-risk drivers. High-risk drivers are those with a recent DUI, at-fault accident or speeding ticket on their driving record.

Key Points: Geico's full coverage costs an average of $1,572 per year, which is around 38 percent cheaper than Allstate's full coverage rate of $2,520 per year. Allstate offers more flexible roadside assistance packages than Geico, but both companies charge a fee for the service, either monthly, annually, or per-use.

Why do men pay more for auto insurance? Men pay more for auto insurance on average because they're statistically more likely to get into accidents and to have major injuries. However, male drivers only pay about $51 more per year than their female counterparts on average.

What cars have the cheapest insurance for 18 year olds? ›

AAA is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $529 per year, the average AAA car insurance policy is actually cheaper than coverage from most competitors. In fact, AAA is one of the cheapest car insurance companies nationally.

One of the best ways to help your child start on the road to financial security is with a permanent, whole life insurance policy designed for young adults ages 15 through 17.

Typically, you can buy life insurance for a child who is age 17 or younger. However, the cap can be lower. For example, the age limit is 14 for the Gerber Life Grow-Up Plan. The coverage, though, remains in force throughout the child's life, as long as the premiums are paid.