Below you can see how adding a 16-year-old driver to an existing policy compares to paying for a classify policy. Quotes wear Geico coverage and a 2014 Hyundai Sonata that is shared between the primary policyholder and the adolescent driver .
Monetary value of Adding a adolescent to Car indemnity
|Age of Primary Driver||Primary Driver Only||Add Teenager to Existing Policy||Get Teenager an Individual Policy|
|30’s||$ 817||$ 2,001||$ 4,801|
|$ 836||$ 2,176||$ 4,801|
|50’s||$ 850||$ 2,259||$ 4,801|
Notice : sample quotes are based on a 16-year-old driver. Having a young driver on the policy can have drawbacks for the chief policyholder. Because your policy will pay for their claims, your adolescent ’ south driving habits become separate of your indemnity history. If your child gets into an accident, you will see premiums go up for everyone listed on the policy. Teens are bad drivers and four times more likely to crash, so your rates could decidedly be affected. Premiums increase for about three to five years after a claim.
On the bright side, you ’ ll be eligible for discounts your adolescent might not be, like bundling with homeowner ’ s coverage. Plus, you may be eligible for extra discounts if your child has good grades, attends driver education courses, or takes a defensive drive class. Most car indemnity companies will require teenagers who live with parents to be listed on the parents ’ policy. If you ’ re a rear of a adolescent with a learner ’ randomness permit, your adolescent should be typically covered by your policy with no action necessity on your separate. But arsenic soon as a adolescent driver is licensed, you ’ ll need to add them to your policy or prove that they are either see or permanently residing elsewhere.