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On average, how much more does car insurance cost annually for a teenage driver compared to an adult?

ngpf.org 2/18/25

Q:

INSURANCE

QUESTION OF THE DAY

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$4,218 per year (for a 16 year old vs a 30 year old)

A:

QUESTION OF THE DAY

Source: Money Geek

INSURANCE

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FOLLOW-UP QUESTIONS

  1. Why do insurance companies charge teenage drivers so much more than adults?
  2. What factors could help lower car insurance costs for a teen driver?
  3. Do you think car insurance rates for teens are fair? Why or why not?