Young drivers add another peril since some states permit policy cancellations after such operators suffer a single accident or violation. So let's focus on ways to control a young driver's impact on your insurance premium and your peace of mind. Classes can be expensive, but you save on premiums and develop a more competent young driver. If so, expect your company to charge a higher premium for the increased amount of driving. Build a long-term relationship with your insurer.
Some companies reward longevity by forgiving a driver's first accident or minor traffic violation.
Increase your policy deductibles or, for older vehicles, consider eliminating this coverage. If your child owns a vehicle, he or she should have a separate policy. However, if you share the cost of the car and its insurance, it may make sense to also own or co-own the vehicle. Your ownership interest lets you take advantage of a multiple-car discount. Coverage for young drivers who have full-time access to a vehicle is very expensive.