This average includes all liability coverage levels Compare that to an average cost increase of 621 for adding a teen to the parents policy that means youll pay 365 percent more by putting the teen on his or her own policy. There is a reason teenagers cost more to insure.
Chart represents Progressive Personal Auto policies sold countrywide from January 2017-June 2017.
What is the average insurance rate for teenage drivers. 17-year-old – 3522. 16-year-old – 3989. The average car insurance rate for a 16-year-old on their own policy is close to 7000 a year for full coverage.
The average annual rate quoted for a teen driver is 2267. You or your teen driver might not fit The Zebras composite profile so be sure to compare a diverse collection of insurance companies to find the best rate for you. By comparison the national average for adults is currently 1758 a year.
18-year-old – 3148. At Progressive rates drop by an average of 13 when a driver turns 19 and another 7 at 21. That risk is reflected in the average car insurance rates for teenagers.
They are inexperienced and have a higher rate of accidents than other age groups. Average annual rate for daughters is 3328. Average annual rate for sons is 3678.
If youre a male teen driver you should expect to pay more than a female teen driver 1407 for a six-month insurance policy for a male teen versus 1257 for a female teen. Rates not only depend on age but the company you choose. 1021 rows Being accident-free which means youve had no accidents during the past.
As your teenager becomes more experienced and avoids tickets and accidents the price for teen auto insurance should keep decreasing. We analyzed over a dozen car insurance quotes for 16-year-old drivers and found that insurers charge up to 1700 per month for a teen to get their own car insurance policy with boys paying about 16 more than girls. 52 rows Youll see below how much it costs to add a 16-year-old driver to your policy in your state on average for full coverage.
Newly licensed drivers are expensive to insure. 53 rows The national average premium after adding a male teenage driver is 4048. According to The Zebras State.
Teens are expensive but rarely are they more expensive than when they start to drive. In our survey of average premiums for 16-year-old teen drivers we identified Nationwide as the best auto insurance company for a typical 16-year-old driver with State Farm second. On average your insurance rate will increase 130 after you add a teen to your policy costing an extra 2000 yearly.
The average teen pays 1332 for car insurance on their parents policy every six months. Specifically thats for teens. The national average to insure a 17-year-old for car insurance is 5925 which is 237 more than what adults over 30 pay.
Teen car insurance average rates are 180 per month but your teen driver could end up paying more depending on where they live the kind of car. This table shows the annual rate a. How to Decrease Teen Insurance Costs.
In order to qualify for a lower rate for a teenage driver. That rate is more than 5000 over the national average for 30-year-old drivers. Average Rate with Teen.
Teenagers tend to file more claims than older drivers so car insurance companies raise rates for this age group. This number is 237 percent more than what adults over the age of 30 pay. How much does insurance cost for a 17-year-old male.
The average car insurance rates for teenagers vary by age.