Leif Olson, Car Insurance Writer
@leif_olson_1
The age group that pays the most for car insurance is 16-19 years old. For example, 16-year-olds pay an average of $3,343 per year for minimum car insurance coverage, which is more than four times higher than what the average driver overall pays per year.
Age Groups That Spend the Most on Car Insurance
| Ages | Average Annual Premium |
| 16-19 | $2,580 |
| 20-25 | $1,152 |
| 35 | $739 |
| 45 | $716 |
| 55 | $684 |
| 65 | $734 |
Teenagers pay the most for car insurance because they are the riskiest age group to insure. Statistically, teenagers are more likely to get into car accidents than older drivers with more experience, so insurance companies charge more to cover them.
The good news is that teenagers can lower their premiums by taking advantage of good student discounts and defensive driving courses, and by practicing safe driving techniques.
To learn more, check out WalletHub’s guide to average car insurance rates by age.
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