Below you can see how adding a 16-year-old driver to an existing policy compares to paying for a separate policy. Quotes assume Geico coverage and a 2014 Hyundai Sonata that is shared between the elementary policyholder and the adolescent driver .
price of Adding a adolescent to Car policy
|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|
note : sample distribution 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 ’ mho driving habits become depart of your policy 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 probably to crash, so your rates could decidedly be affected. Premiums increase for about three to five years after a claim.
Read more: Average Car Insurance Rates by Age (2022)
On the bright english, you ’ ll be eligible for discounts your adolescent might not be, like bundling with homeowner ’ randomness coverage. Plus, you may be eligible for extra discounts if your child has dependable grades, attends driver education courses, or takes a defensive drive class. Most car policy companies will require teenagers who live with parents to be listed on the parents ’ policy. If you ’ re a parent of a adolescent with a learner ’ mho let, your adolescent should be typically covered by your policy with no action necessary on your function. But equally soon as a adolescent driver is licensed, you ’ ll need to add them to your policy or prove that they are either cover or permanently residing elsewhere .show less