GITNUX MARKETDATA REPORT 2024
Statistics About The Average Car Insurance For 17 Year Old
The average car insurance for a 17-year-old is around $5,000 to $6,000 per year in the United States.
In the following post, we will explore a series of statistics regarding the average car insurance for 17-year-olds. From the impact of residing in urban areas to the influence of car type, driving habits, and various discounts available, these data points shed light on the factors that determine insurance premiums for young drivers. Understanding these statistics can help both teenagers and their families make informed decisions when it comes to selecting car insurance options for 17-year-olds.
Statistic 1
"In urban areas, the average insurance rate for 17-year-olds can be up to 25% higher due to increased risk factors."
Statistic 2
"Car insurance premium for a 17-year-old using a 5-year-old sedan is generally lower than for a new sports car."
Statistic 3
"Many insurers offer a rate reduction after the 17-year-old completes a certified driving safety program."
Statistic 4
"Comprehensive and collision coverage constitute the majority of the premium cost for 17-year-olds."
Statistic 5
"A high-performance car can result in a 20% higher premium for a 17-year-old."
Statistic 6
"The average car insurance rate for a 17-year-old can vary by more than $2,000 depending on the state."
Statistic 7
"Teen drivers typically see their insurance rates decrease each year they drive without major incidents."
Statistic 8
"The average car insurance premium for a 17-year-old driver is approximately $5,000 per year."
Statistic 9
"Insurance rates for 17-year-olds are among the highest due to lack of driving experience."
Statistic 10
"Bundling car insurance with homeowner’s or renter’s insurance can save up to 20% for families with a 17-year-old driver."
Statistic 11
"Teenage drivers with good grades (B average or above) can get up to a 25% discount on car insurance."
Statistic 12
"Adding a 17-year-old driver to an existing family policy can increase the premium by 130%."
Statistic 13
"Some insurers offer a "student away at school" discount if the 17-year-old lives more than 100 miles from home."
Statistic 14
"Technology-based insurance programs (like usage-based insurance) can lower premiums by tracking and rewarding safe driving habits."
Statistic 15
"Adding an older, more experienced driver as the primary policyholder can lower the cost for a 17-year-old."
Statistic 16
"Full coverage car insurance for a 17-year-old averages around $7,000 annually."
Statistic 17
"Teen drivers in states with graduated licensing laws see a 5-10% reduction in premiums."
Statistic 18
"Male 17-year-old drivers typically pay about 15% more for car insurance than female 17-year-olds."
Statistic 19
"Adding safety features to the car can reduce a 17-year-old’s insurance premium by up to 10%."
Statistic 20
"Enrolling in a defensive driving course can decrease insurance rates for a 17-year-old by up to 15%."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
