Let’s face it: insurance companies hate new drivers. They view you as a lovable, slightly reckless puppy who might chew up the sofa—or, in this case, a minivan. Statistically, new drivers are more likely to crash, so insurers charge you like you’re already planning a demolition derby. The average new driver pays around $2,000 to $5,000 a year, which is more than some people spend on rent for a month.
Surprising fact: In some states, insuring a brand-new sports car for a teen can cost more than the car itself in the first year. That’s not a typo. You could literally buy a clunker, insure it, and still have change for pizza. But don’t worry—we’re not here to talk about Lamborghinis. We’re here to talk about the opposite of Lamborghinis.
