Costs for Insurance Memphis TN

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Insurance Cost For 17 Year Old

Author: John Tahan

A lot of parents are very nervous about registering their children on their own auto insurance policy at 16 or 17 for very good reasons. The main concern many parents will have is dealing with the facts that their children are still very young without any driving experiences and very little maturity to be put behind the wheel of a car. Not to mention their own insurance policy being raised following an accident, good bye to those no-claims bonus. The other side of the coin might be to tell your children to wait until they find a job and can afford their own insurance policy risking a lot of nervous tension. Statistics are showing that each year over 5,000 teenagers between the age of 16 to 20 die in car accidents. These young drivers are at a greater risk of being involved in a car accident than it is for driver over 20.

Many factors affect insurance cost for 17 years old. Insurance companies base their prices depending on the number of claims per zip codes or area you live in, the types of car you will be driving, the year and model, being a male or a female, having an approved driver-training course will also help getting your child a better deal. As you can see the cost of an auto insurance policy is not simply based on the age of a driver. Did you know that currently, the legal age range at which teenagers are allowed to drive without supervision is from 14 in South Dakota to 17 depending on other states. Insurance cost for 17 year old or younger can vary anywhere from $1,500 to $3,000 or more a year on a parent’s policy again depending on the criteria listed above. If you need more information on insurance cost for teenagers, please visit http://www.insurancecostfor17yearold.com/

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