The first step to getting a 17 year old car insurance in India is to get your driving license. You can either get a learner’s permit or you can take the driving test. The next step is to make sure that you have an Indian citizen as your co-driver. If you don't have anyone, then it might be best for you to join a car insurance company.
Once you are ready, the next step is to visit the nearest Insurance Company and file for your car insurance policy. It will take some time before they approve your application but once they do, they will provide a certificate of insurance which should be kept somewhere safe at home.
If you're looking for a carrier for your teen, it can be difficult to find the best price and coverage. This guide will help you find the best carrier for your 17 year old. Carriers typically offer discounts to families with multiple children and offer discounts on insurance if they have been with them for a certain amount of time.
It's important to compare quotes from different carriers so you can get the best deal possible. If you're not sure where to start, use this guide as a starting point!
Table of Contents:
Why Is Car Insurance So Expensive For 17-Year-Olds?
Young drivers are expensive to insure because they are statistically more likely to get into car accidents and therefore represent a greater risk for insurance companies. This may seem unfair, but 17-year-old drivers might find some solace in the fact that older, inexperienced drivers also pay higher auto insurance rates.
As drivers gain experience, they become less likely to get into accidents and therefore see lower rates, as long as they avoid traffic accidents and violations. 17-year-old drivers are still considered to be relatively inexperienced by car insurers, which typically charge higher premiums to compensate for the greater risk of claims. You should see your premium begin to drop as you get older, assuming you maintain a clean driving record.
The car insurance for the new driver is different from the one for a regular driver. The most important factor in determining the cost is how much experience you have. Four factors determine the cost of a car insurance policy:
- Your driving record,
- Your age,
- The type of vehicle you drive, and
- The geographical location where you live.
What is Car Insurance for 17 year old and Why does it Matter?
Many 17-year-old drivers are often not insured. This is because they are not old enough to be considered an adult and also because insurance companies do not want to take the risk of insuring them. Get cheap car insurance for 17 year olds by getting a parent or guardian to insure you.
In order to get cheap car insurance for 17 year olds, you need to find a parent or guardian who will agree to be the primary policy holder and sign up with an insurer on your behalf. After that, you can switch over your own policy once you turn 18 years old.
Car insurance is a type of insurance that protects the owner of a car even with the age of 17 years as a teenager or other vehicle from financial losses in the event that the car or vehicle is damaged or stolen. Car insurance policy provides protection against financial losses caused by accidents, theft, fire, natural disaster, and other events. It covers medical expenses and loss of income for injuries as well as damage to property.
In most countries, car insurance is mandatory for drivers with age of 17 year old. While different types of cars require different types of policies with varying levels of coverage, most policies provide coverage for the driver's personal liability.
Things to Consider When purchasing Car Insurance for a 17 Year Old in India
There are certain things that one should keep in mind when getting a 17 year old car insurance in India. This article provides a checklist for parents who are looking for an insurance for their 17 year old.
- Check the driving history of the teenager before purchasing the policy.
- Ensure that you have enough liability coverage and uninsured motorist coverage.
- Keep the policy duration as short as possible, preferably up to three years.
How to Get Cheap Car Insurance as a 17 Year Old?
Getting car insurance is a lot more complicated than it seems. It’s not just about finding a company that offers the cheapest rates. There are many factors that will influence your insurance rates, such as your age, the type of car you drive, and how much you drive.
In this article, we will look at what factors affect your insurance rates and how to get cheap car insurance as a 17 year old. The first thing to do when looking for cheap car insurance is to compare quotes from different companies. You can do this online in just a few minutes by entering your details into an online quote form or by contacting local agents to find out what they offer.
Chapter 1: The Cost of Teenage Driving in India
India is a country with a population of more than 1.3 billion as of 2017. With such a large population, the number of cars on Indian roads is increasing exponentially, with car ownership in India expected to reach 300 million by 2020. This would mean that there will be more cars than people in India by 2020, and it's estimated that there will be over 400 million cars on Indian roads by 2030.
The cost of teenage driving in India has been estimated to be around Rs.318 billion per year for the next 10 years. The cost is caused due to an increase in fatal accidents and increased traffic congestion which leads to slower economic growth and higher fuel consumption rates.
Chapter 2: Getting a Cheap Car Insurance as a Teenager
With the new car insurance for teens, parents can save money on their insurance. The new car insurance for teens is a great way to save money on your monthly car insurance. Teenagers are not always the safest drivers and accidents happen. This new car insurance will give you a discount if you have a clean driving record and will also cover your passengers in the event of an accident. Parents can save up to 20% on their monthly premium with this new coverage, which is a great deal!
This section provides readers with information on how they can get cheap car insurance as teenagers. It offers both advantages and disadvantages of this type of plan, as well as what some parents might find useful about it.
How to Buy the Affordable low budget Car Insurance for 17 Years Old in India?
Add an 17-year-old to the Parents Policy: stay on your parent’s car insurance policy. If your parents keep you on their policy, it will almost certainly be the cheapest way to get auto insurance coverage. The increase in premiums on your parents’ policy is likely to be lower than the cost of your policy.
Take a driver’s safety (License): One of the primary reasons a young driver’s car insurance is so high is the lack of driving experience. Defensive driving safety courses are available to take that could lower car insurance premiums over several years. Most can be completed online in just a few hours, making them a worthwhile option for additional savings.
Raise your deductible: The deductible is the amount you’ll pay out-of-pocket before your insurance company steps in to pay the rest. Consider raising the deductible amount to lower your insurance premiums. Before you raise the amount, make sure you can afford to pay the lump sum in the case of a claim.
Choose a friendly car: Some cars are much more expensive to insure than others. Sports cars and SUVs are some examples of vehicles you should steer clear of if you’re worried about car insurance premiums. An eco-friendly hybrid or compact car may be far less expensive to insure.
Best Car Insurance Companies for 17-Year-Olds:
Choosing a company with coverage and discount options tailored to the needs of 17-year-old drivers can be important. We chose these companies based on a review of their average rates, coverage offerings, discounts and third-party scores.
Car insurance is a must have for all car owners in India. Here are the top car insurance companies in India that you can choose from. Based on our research, the following companies might be worth your consideration as you search for the best car insurance for 17-year-olds:
| Car Insurance Companies for 16 year old |
Premiums |
| Royal Sundaram Car Insurance |
Rs. 1458 |
| ICICI Lombard Car Insurance |
Rs. 2904 |
| Bajaj Allianz Car Insurance |
Rs. 1957 |
| HDFC Ergo Car Insurance |
Rs. 1946 |
| SBI Car Insurance |
Rs. 2434 |
*Above mentioned premiums are for illustration purpose. Please check the correct car insurance rates by comparing the quotes with different insurance companies, and choose the one which fulfil your requirement.*
Tips for Finding the Best Car Insurance for 17 year olds:
Car insurance is a necessity for most drivers, but it can be difficult to find the best coverage. If you're looking for car insurance for 17 year olds, here are some tips to help you find the best car insurance deals.
- Shop around
- Check your capability
- Get quotes online
- Compare prices and coverage plans before choosing a policy.
Cost of Car Insurance for a 17-year-old compared to Other Ages:
17-year-olds have car insurance that costs less on average than 16-year-olds do because they’re the newest drivers on the road. Being new, 17-year-olds are more likely to be involved in accidents and cause higher premiums for insurers. If you're getting started as a driver this year, it might cost you more than you anticipate.
As drivers age and gain experience behind the wheel, their costs of car insurance go down. Older drivers are also less likely to be involved in an accident, which means cheaper rates for them. By the time a driver turns 25, average costs drop by 67%.
The average number of crashes you are more likely to have as a young driver drops around 25 years old. After that, rates usually go down until you're in your late 60's but it is still technically the highest risk age group.
| Age |
Monthly Cost |
| 16 Year Old |
Rs. 4378 |
| 17 Year Old |
Rs. 5892 |
| 18 Year Old |
Rs. 3828 |
| 19 Year Old |
Rs. 3244 |
| 20 Year Old |
Rs. 2965 |
*The above mentioned values are for reference purpose for exact values compare quotes*
Conclusion:
There are many different types of insurance available to you, but it can be difficult to figure out which one is best for your needs. This article will help you find the best option for car insurance for 17 year olds.
The first thing that you should do is to determine what type of coverage you need. Car insurance for 17 year olds is a lot cheaper than it is for older drivers. Teenagers have always paid more for car insurance; their lack of experience on the road makes them a higher risk for insurers, as statistically, they are more likely to be involved in a road accident. But this doesn’t last forever, car insurance premiums will fall naturally as you get older and insurers see you as less of a claim risk.
Frequently Asked Questions:-
Can a 17-year-old have a car in their name and insure it?
A 17-year-old can own a car and insure it in most states, but only if a parent or legal guardian co-signs for both the vehicle's title and insurance coverages.
How to save on car insurance when insuring a 17-year-old
Although the price of insuring a teenage driver can be unnerving, there are numerous ways to save money. Most insurance companies offer car insurance discounts for students to help offset the premium increase you will likely experience after adding your 17-year-old driver.
- Good student discounts
- Reduced mileage or mileage tracking discounts
- Safe driving discounts.
Should we adjust coverage when adding a teen driver?
Adding a teen can increase your premium substantially, and it could be tempting to lower coverage levels or remove entire coverage types to save money. While there’s not a one-size-fits-all answer to what coverage types and levels you should carry, insurance agents typically recommend against lowering coverage to lower your bill.
Especially because teens are at a higher risk for accidents, lower limits could put you at a greater risk for out-of-pocket expenses after an accident. Shopping around and utilizing discounts is a safer strategy to lower your premium while maintaining adequate financial protection.
How to Buy Car Insurance for 17 years Old Online?
Car insurance for 17 years old can be purchased online from PolicyBachat portal in two easy steps. In first step you need to enter the details of your car such as Make, Model, Date of registration, RTO location and click on submit to proceed to the next page.
In the second step you can adjust the IDV or add riders to increase the coverage. The third and final step would be the payment where you will be directed to payment page of the insurance company to complete the payment process.
At PolicyBachat we cater unbiased comparison of quotes, 24*7 customer assistance team your motive is to give our customers right quotes with compare car insurance rates online.
- Go to compare car insurance quotes online at PolicyBachat.com
- Fill in required details select your Car Model & Variant, RTO Location, Registration date, and Email address.
- Click on the “START SAVING MONEY”.
- Choose between a Third-Party Liability Only and a Standard Package (Comprehensive Insurance).
- Premiums with different insurance companies are displayed with low premiums
- Select required Add-ons/Riders and discounts, or you can Edit Policy Details as per your requirement
- After that fill in the ‘vehicle owner details and personal details’.
- Purchase best Car Insurance Policy using online payment
- If any queries are raised call: 1800–123–4003.
How to Renew Car Insurance for 17 years Old Online?
Car insurance for 17 year old insurance can be renewed online by visiting the website PolicyBachat first and then selecting a suitable insurance company. It’s worth noting that each insurance company’s renewal process may differ slightly. The following is a step-by-step guide to renewing an insurance policy online:
- Step 1: log in to PolicyBachat.
- Step 2: Choose a policy that is about to expire or has already expired.
- Step 3: Select the coverage you require and click “Renew.”
- Step 4: Read the insurance policy’s inclusions and exclusions, as well as the terms and conditions. Also, make sure to read the small print.
- Step 5: Pay for the policy and receive it at your registered email address.