Should Our 18 Year Old Son Have His Own Car Insurance Policy? 
That is a great question , and one every parent asks , I think ! Here 's the deal . While we want to set our kids up so that they can be independent , there are some things that might not really be best to set up for them . Savings accounts , retirement vehicles , a credit card with low credit limits , and life insurances , those are great choices . Auto insurance maybe not so much . Here 's why : Your son 's age group is the highest at risk group for an auto insurer . As such , that means they are much more likely to have an accident , get a ticket , or cause major damage to themselves or others.That risk means that the insurer will hedge their chances of having to pay out by charging much higher rates for them . If he 's a safe and careful driver and the company offers safe driver discounts , he may come out ahead , but if there 's an issue , his rates would increase even higher . By putting him on your policy , he gets the advantage of better coverage than what he could afford , and lower rates , as he 's listed as a driver under your policy . If that 's affordable for you , perhaps it would work out better to keep him there until he moves away , or has a couple of safe driving years under his belt . That said , maybe the responsibility of having to pay for himself might be impetus enough to be careful and safe ... I hope that gives you something to work with as you try to decide . You know your son better than anyone , and I 'm certain that you will make the best choice for him . Thanks for asking ! 