What are some of the lowest car insurance rates for a 17 year old boy?

Nathan

Good question Nathan.

Insurance rates for teenagers are usually high especially for young boys since statistically speaking they likely get into accidents. This means that this is considered as high risk drivers and would cost higher premiums.

Insurance companies rate cars differently. To be able to get a lower insurance premium rate, you might want to purchase a medium sized car, 4 cylinder sedan, 4 doors with safety features. The cheapest car is usually the cheapest to insure.

Some insurance companies give discount on cars with safety features. Some of the safety features that that these insurance companies want to see are air bags, anti lock brakes and electronic stability control.

There are some few cars that are said to be the safest for teens. Theses cars are Hyundai Elantra, Honda Accord coupe or Toyota Corolla. You should avoid cars that are very small for teens and does not have safety features. It is said that teens may tend to overact and might roll the vehicle. You should have safety features in your car if you are a young driver because you might get discounts on your insurance premiums.You may contact your insurance company or agent to know what cars can give you lower insurance rate.

Goodluck!

MariCAR

Why are teenager’s car insurance rates high?

Therese

Good Question Therese.

Insurance rates are usually based on statistics. According to statistics, teens more likely get involved in an accident. Teenagers have a very high rates of fatal and nonfatal crashes compared to adult drivers. Whether the rates are based on total number of teenagers or miles driven, teens have more crashes in cars. When the crash involvement is based on the number of licensed drivers instead of the total population, the fatality rate of the teenagers are more extreme compared to drivers age 20 or older.

Here are some tips that may be able to help you lower insurance rate for teens.

1. If you stay on your parents policy, you could save money. This would increase your parents premiums, but it is much cheaper compared from you starting anew policy. Discounts may be available if you have driving experience.

2. Discounts from some insurance companies like getting good grades or taking driving class may be available for you. But this does not mean that you will get lower insurance premiums than an adult with more driving experience already.

3. Your rates will drop as you get older. You will notice a drop as much as 28% at the age of 19. An additional 31% may drop at the age of 21 in your insurance premiums.

Lastly, try to maintain a good credit history and a clean driving record so you can be eligible for more discounts in the future.

Goodluck!

MariCAR