How does adding a 16-year-old driver affect my parents’ car insurance rates?
Adding a 16-year-old driver to your parents’ car insurance can increase their rates (by 60-70% on average) because new and young drivers are considered higher risk by insurance companies. Young drivers are more likely to get into accidents due to their lack of experience on the road. To offset this risk, insurance companies may raise premiums to cover potential expenses from any accidents or claims involving the new driver.
