UPDATED: Mar 13, 2020
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Car insurance is always expensive when you’re 17 years old. However, there are certain steps you can take to lower your insurance costs. One of the best things you can do is drive a vehicle that’s cheap to insure.
What’s the cheapest car to insure when you’re 17 years old? Which cars have relatively low insurance rates for new teen drivers? Keep reading to discover the cheapest car for a 17 year old to insure.
Any Older Vehicle
In general, it’s a good idea for a teen driver to drive an older vehicle. Driving an older vehicle leads to two main advantages:
- You can ignore bumps, scratches, and other minor issues on an older vehicle, and you don’t have to worry about making a claim for minor incidents
- You can remove collision and comprehensive coverage from your insurance plan to significantly reduce the costs of insurance
All drivers require liability coverage. Liability insurance covers damage you inflict on other drivers and property while operating a vehicle. This is required to drive on any public road. You’re not required, however, to have comprehensive and collision coverage, which are supplementary policies that provide further protection. Collision coverage covers the costs to your own vehicle if you get into an accident. Comprehensive coverage, meanwhile, covers things like vandalism and theft.
If you’re driving an older vehicle, then it’s often in a 17 year old driver’s best interests to drop collision and comprehensive coverage. In many cases, the cost of repairing an older vehicle is higher than the value of the vehicle itself.
Dropping comprehensive and collision coverage is absolutely the best way to save money on car insurance as a 17 year old – no matter which type of vehicle you’re driving.
Any Cheap Vehicle
Not all older vehicles are cheap. You might drive a 15-year old Porsche, for example, and still be stuck paying high insurance rates as a 17 year old driver.
If you’re looking for the cheapest car to insure as a 17 year old, then you need to find a cheap and old vehicle. Driving a cheap vehicle allows you to drop comprehensive and collision coverage, if necessary.
Cheaper vehicles are also made with lower-cost parts. Even if you buy a brand new low-cost vehicle, it’s going to be significantly cheaper to repair than a brand new expensive vehicle. Your insurance company understands this and uses this information when calculating your rates.
The Cheapest Cars to Insure for a 17 Year Old Driver
Cheaper, older vehicles are typically cheaper to insure than newer, more expensive vehicles for obvious reasons. However, insurance prices don’t change much between brands or vehicle types among 17 year old drivers. Whether you’re driving a 15 year old Honda or a 15 year old Ford, you’re going to pay similar insurance rates on similar vehicles at your age.
Nevertheless, here are some of the best cars you should consider if you’re looking for cheap insurance prices:
- Honda Fit
- Suzuki SX4
- Scion xD
- Scion tC
- Mercury Sable
- Toyota Prius
- Scion xB
- Saturn Aura
- Hyundai Sonata
- Ford Fusion
Search Craigslist and similar websites for used vehicles of the above makes and models. If you can find a 10+ year old model of any of the vehicles listed above, then you should be paying extremely low insurance prices.
Other Ways to Save Money on Car Insurance for a 17 Year Old
So you’re driving a car that’s cheap to insure, but your car insurance is still too expensive. What else can you do to lower insurance prices? Here are some of the strategies other 17 year old drivers have used to save lots of money on car insurance:
- Get Added to your Parents’ Policy: This tip is popular and easy. Instead of getting their own car insurance, many teen drivers get added to their parents’ policy. This will significantly increase the cost of your parents’ policy, but the added cost will be less than if you got your own full insurance policy.
- Get Good Grades: Many major insurance companies offer big discounts if you’re a good student. If you can prove you’re getting good grades in high school or college, then you might get a discount of around 5% on your car insurance. It’s not an enormous discount – but every little bit help.
- Take a Driver Education Course: A driver training course will make you a better, safer driver. That’s why insurance companies will give you a discount for taking a driver education course.
- Leave the Car at Home While Attending School: If you’re going to college, but still want to be able to drive a vehicle, then consider leaving your vehicle at home while you’re away. Insurance companies will often offer a steep discount if your school is more than 100 miles away from home and you’re not taking your vehicle. You’re still covered when you come home for breaks.
Ultimately, there are hundreds of ways to save money on car insurance as a 17 year old driver. However, you’ll eventually reach a point where you can’t reduce your car insurance any further. At that point, the best thing you can do is wait. As you get older, your car insurance rates will inevitably drop – especially if you maintain a safe driving record.