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U.S. drivers pay an average of $2,150 annually for full coverage on their automobile — an increase of more than 63% over the last decade, according to Forbes Advisor.

Younger drivers, however, can expect to pay exponentially more for coverage, with the average 16-year-old with their own policy paying $8,765 per year, and 17-year-olds paying an average of $6,829 in annual premiums.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].