Auto Insurance: Frequently asked questions

My teenager just got a driver's license and the insurance rates are through the roof. Do I have to add him to my policy? Do I have any other options?

It usually makes good financial sense to add your teen as a driver to your existing policy, but only after he gets a permanent license. In addition, if you're driving an expensive car, it might make more financial sense to buy your teen a safe, older vehicle and get him a policy of his own.

You will want to read When to add your teen to your auto policy for more information about saving money with teen drivers.

See Buying a safer car for your teen driver for more on these subjects.

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