Adding a driver to a car insurance policy can cost as little as $0 extra, or it can add as much as 100%+ to your annual premium. The exact cost of adding a driver to an existing policy depends on the person you’re adding, whether you need to insure an additional vehicle, and which car insurance company covers you. The riskier the additional driver is to insurers, the more it will cost to add them to your policy.… read full answer
For example, adding an experienced driver with a clean driving record won’t cost as much as adding a newly-licensed teenager. Adding a teen driver to a policy increases the premium by an average of 140% to 160%, according to several studies, but it could be much higher or lower depending on your state.
Why Adding Another Driver to Car Insurance Affects Premiums?
Having someone else listed on your policy means it won’t always be you (and your level of risk) behind the wheel. Remember, car insurance follows the car, and insurers calculate prices based on the risk that the car will be in an accident. That risk is different when more people get the chance to drive.
Simply adding a second driver to an already covered vehicle won’t always spike your rate. But if you’re adding both a driver and their personal vehicle to your policy, your rates will likely go up quite a bit. Adding a car creates the need for more coverage, which costs more.
Here’s an example of how premiums might change on a six-month policy covering a 2014 Hyundai Sonata after the addition of a 16-year-old, a 30-year-old, and a 50-year-old, respectively.
Primary Driver Profile | No Other Drivers | Add 16-Year-Old | Add 30-Year-Old | Add 50-Year-Old |
21-year-old | $1,436 | $2,303 | $1,304 | $1,268 |
30-year-old | $817 | $2,001 | $924 | $1,003 |
50-year-old | $850 | $2,259 | $954 | $939 |
As you can see, the cost of adding a driver is highest when that driver is a newly-licensed teen. Otherwise, it’s usually very affordable to add a driver. In some cases, it could even save you money.
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