Reader question:

My 17 year old has a driver’s license now, and I know that his insuance is going to cost me. Do I really have to add him?

Amy

Nope.

You don’t absolutely have to add your teenager to your car insurance policy, but so long as they’re going to be driving, they do need to have car insurance coverage. So you need to get them insured some way, and adding them to your policy is a cheaper way to do this, because if they get their own policy then it will be a lot more expensive.

Now, there are several ways that you can keep your car insurance rates down, such as buying your teenager a smaller car that has several safety features and a good safety rating, and also isn’t really new. Another way is to make sure they get good grades in school and take extra driving classes. Check with your car insurance company to see what kinds of discounts they offer, and shop around to get quotes.

Cheers,

Fashun Guadarrama.