Average Car Insurance For Teens

Being that this is a national average teen drivers can expect to pay anywhere from 1 200 to 4 850 for car insurance on an annual basis.

Average car insurance for teens. On average a 16 year old pays around 2 661 for an. That risk is reflected in the average car insurance. Like we ve said teen car insurance is expensive. The good news is that the average increase in car insurance premiums for teen drivers has decreased over the last two decades.

In most cases you can easily add your teenager to your existing auto insurance if they have their driver s license or permit. Young drivers are far more likely to get into car accidents than older drivers. A study conducted by the university of michigan transportation institute reports that only 60 percent of teens between the ages of 17 and 19 are licensed to drive. The average price for teen car insurance is around 2 150 per year.

Compare this to the national average for all drivers which is around 1 700 per year. Average cost of car insurance for teens and young drivers age and gender are major factors insurers use to determine teen auto insurance rates. Car insurance for teens. This is because insurance providers consider teenagers to be the riskiest drivers of all meaning that teenage drivers tend to average paying between 1 900 and 5 300 per year for car insurance.