How does adding a 19-year-old driver impact their parents’ car insurance rates?
Adding a 19-year-old driver to their parents’ car insurance policy can cause the rates to increase by 50-70%. Insurance companies consider younger drivers to be higher risk because they have less experience behind the wheel and are more likely to be in accidents. This means the parents may have to pay more for their insurance to cover the added risk of having a teen driver on their policy. It’s important for teens to drive safely and follow the rules of the road to help keep insurance rates as low as possible.
