How Much Is Car Insurance For 17 Year Olds

Car insurance for a 17-year-old costs $10,922 per year, on average, if they purchase their own policy. However, if instead the teen driver is added to their parents' plan, they can enjoy significant savings—more than 50% in most cases. A 17-year-old can also save on the cost of car insurance in several...

For a 17-year-old driver, car insurance is nearly $5,925, on average, for a year of full coverage on their own policy. That's more than $4,000 over the national average ($1,758) for drivers age 30. Newly licensed drivers are expensive to insure. They are inexperienced, naturally, and have a high rate of accidents.

Most states allow a 17-year-old to own and insure a car, but there's a crucial qualifier: a parent or legal guardian must co-sign for both the vehicle's title and the insurance policy. "In general, minors cannot enter into a contract, so they cannot sign for auto insurance by themselves.

The exception to this rule is when the 17 year old boy is emancipated, meaning he is responsible for his own financial welfare. In this case, a 17 year old could buy auto insurance, but would still pay the costs associated with getting car insurance for young drivers.