Teen drivers pay three times more for car insurance than middle-aged drivers. And men pay 6% more for car insurance than women. A 16-year-old driver pays $613 for full coverage insurance, on average.

State Farm, Travelers and Progressive are the best car insurance companies for luxury cars. Exotic cars usually need a specialty insurance company like Hagerty, Grundy Insurance or PURE Insurance.

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Amy is an ACA and the CEO and founder of OnPoint Learning, a financial ...