If an 18 year-old son or daughter is living at home and drives a vehicle, there’s a good chance that the child is currently listed on a parent’s policy. This typically results in lower rates because of many available discounts, including multi-policy, multi-car, good-student, longevity, and several others.
Also, the liability limits are likely to be above the mandatory state minimum limits. For example, if the state minimum requirement is $15,000 per person, and $30,000 per accident, the household plan may be $100,000 per person and $300,000 per accident.
Additionally, if the young driver gets a moving violation or is involved in an at-fault accident, it is less likely a cancellation will occur if the vehicle is covered under a parent’s plan.
So…Do you really want your own policy? You can get it, although the title may have to be in your name.
Important Note: This answer was provided by Edward Harris, one of the nation’s premier car insurance experts. His top-rated website Carinsurancezoom.org provided free online quotes and the lowest auto insurance prices from top-rated companies.