How to Help Your Teen Reduce Car Insurance Costs

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.