How to Help Your Teen Reduce Car Insurance Costs

Because they are fresh drivers, teens will typically see larger auto insurance premiums than their older counterparts.
How to Help Your Teen Reduce Car Insurance Costs
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For teens, getting behind the wheel for the first time is a milestone. It gives them the newfound freedom of the open road. And it shows them a signpost telling them they’re on the path to adulthood. But it’s going to take a toll—a large one.

In fact, the average 16-year-old driver pays an average of $7,658 a year for car insurance, according to The Zebra, an insurance marketplace. That equates to twice as much as the average 30-year-old pays, which is $2,189 per year.
Javier Simon
Javier Simon
Author
Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.