How does adding an 18-year-old driver impact their parents’ car insurance rates?
Adding an 18-year-old driver to their parents’ car insurance can cause the rates to go up by about 50-70% on average. This is because younger drivers are considered higher risk by insurance companies, as they are more likely to get into accidents. It’s important for parents to be aware of this potential increase and to shop around for the best rates. Some insurance companies offer discounts for young drivers who have good grades or complete a driving safety course.
