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How Much Is Car Insurance Per Month For A 17 Years Old?  

car insurance for 17 years old

 

Car Insurance per Month for 17 Years old– Passing your driving test can give you a sense of independence and freedom, but for many 17-year-olds this driving freedom can come at a pretty hefty price. Despite having countless lessons and passing their driving test, most 17-year-olds are still inexperienced drivers. This means insurers see them as more of a risk and therefore adjust policy prices to take this into account.

Car Insurance Cost for 17 Years Old

Monthly premiums for a 17-year-old driver are likely to cost between $300 and $500, the same policy’s monthly premiums are likely to run between $150 and $350 for a 20-year-old driver. Once a covered driver turns 25, his or her insurance costs will drop even further. Although car insurance prices for 17-year-olds are generally high, the overall cost of insurance for young drivers has fallen and despite the cost going up for other age drivers. The good news for younger drivers that average car insurance premiums for 17 year olds have dropped £128 year-on-year (a drop of around 6.4% on the same period in 2014).

A Sizable Impact On The Cost of Insurance

how much is car insurance per month for 17 years old male

 

The actual age of the driver and his or her level of experience behind the wheel can have a sizable impact on the cost of insurance. For instance, a newly-licensed 35-year-old driver is likely to pay 50 percent more for his or her auto insurance policy than an otherwise-identical 35-year-old driver with 18 years of driving experience.

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Factors That Are Used by The Insurer to Calculate The Risk

There are many factors which are used by the insurer to calculate the risk and so the premium they charge for car insurance, these are mainly;
1 Age and sex of the policyholder (who must be the Main driver, and registered keeper) and that of any additional drivers.
2. The cars age, mileage, value, insurance group, security and the companies own claims history for that vehicle
3. The occupation of the policyholder and any named drivers
4. The claims history of any drivers
5. The licence details of drivers (endorsements, length of time held)
6. Where the car is normally kept overnight (is it the policyholders address? on road is more expensive than on a drive which is more expensive than in a locked garage.
7. What use will the car be insured for, social and domestic is the minimum but if commuting and use for the policyholders business or their employers business is added the price increases. If used to commute where is the car to be parked when there – on road or in a car park.
8. Does the car have any modifications from the standard factory fresh condition like alloy wheels or performance enhancements – some insurers will refuse to cover modified cars, some will increase the price and some will cover them but only for return to standard. so, this is the information about how much the car insurance per month for a 17 years old.

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