On average, car insurance premiums for drivers under 18 years old can be thousands of dollars per year, and they can make up a significant portion of the overall household expenses. Due to the high cost, many parents or guardians choose to add their teenage children to their own policies as named drivers until they reach a certain age or gain more driving experience.
Some insurance companies may also offer discounts or programs specifically designed for young drivers to make car insurance more affordable. These programs may include completing driver's education courses or installing monitoring devices in the vehicle.
It is important for young drivers to understand the financial implications of owning a car and to work with their families and insurance companies to find the most affordable and responsible options for car insurance.
