Would it be cheaper to add a 21 yr.old and his vehicle to my auto insurance or get a seperate policy?

Answer 1

Depends on your insurance company, the 21-year-old's driving record, and the primary car of the aforementioned 21-year-old. In many cases, the cost will be the same.

However, if rates are not the same, it would most likely be cheaper for you to add the 21-year-old to your policy. This will show that he has the backing of a (responsible?) driver.

The highest insurance rates (assuming a clean driving record) occur between the ages of 18 and 25. After 25, with a clean record, he will no longer be considered high-risk, thus establishing a lower premium. At that time, when he is 25, I would certainly recommend getting him his own policy, if not sooner.

Answer 2

1

Answer 3

Adding my daughter(22) and her car was and still is cheaper than getting her own policy. She lives in the same house as I.

Answer 4

if you were just adding him on to your policy as a driver of one of your vehicles it would be cheaper,but having doing it with his vehicle your going to have to put him down as a part time driver,not a full time driver,so this will help keep the policy price down a lot,otherwise it will be expensive,id check in to it before i did anything ,and see which would be the cheapest way to go,good luck,i hope this help,s.

Answer 5

this depends on the insurance company...

Since it's a guy 21 the insurance does go lower, BUT like i said it depends on the insurance company..

Answer 6

if he still lives at home then add him to your policy and he will benefit from the multi-car discount

Answer 7

cheaper to add to your policy...if you want to take the risk

Answer 8

Why not call and ask your agent?