Before you sign anything, go over the policy and any confusing language with your insurance representative and family. Insurance is a way of spreading financial risks among large numbers of people. You pay a fee to an insurance company for the right to share in funds set aside to pay your costs in certain pre-defined circumstances. Most states require you to carry a minimum amount of liability coverage. Coverage for damage to your car is optional.
Prices vary widely.
The type of car you drive, your driving record, your age, your sex, where you live and how much you drive usually affect cost. You may also qualify for various discounts. If you drive a family car, you can be added to your parents' policy. However, the cost of the policy will increase. If you have your own car, your parents' company may sell you a separate policy but at a different rate than your parents.