What is the cost of adding an additional driver to an insurance policy?
My mom has recently lost her driver’s license and is unable to drive anymore. She’s adamant about not using rideshare services or senior van options, insisting on being driven only by family. This has understandably been tough for her, and right now, I’m the only one driving her around. I could really use some extra assistance. We’re planning to discuss transportation options with her tonight, but the insurance company is currently closed.
We’re considering having my son, her grandson, help with driving. He’s in graduate school nearby, lives with us, and typically walks to class or gets rides from friends. To avoid debt after graduating, he doesn’t have a car or any auto insurance. Before I suggest this idea to him, I’d like to know how much it would cost to add him to our insurance policy (which covers both my husband and me). He has a clean driving record and has held a license for 10 years, just like my husband and I, who also have spotless records for over 20 years. The car he would be driving is a 12-year-old Lexus, and we have full coverage on our two vehicles. Currently, we pay under $1,100 a year for insurance on both cars (the other vehicle is a 16-year-old truck, and my husband, a former mechanic, has kept them in great shape). We live in a rural area of the Southwest.
I would appreciate any insights on potential costs. I’d like to gauge if adding him would only increase our premium by around $10 a month or if it might significantly raise our policy. I don’t want to present the driving solution to my mom if it’s going to be prohibitive, especially since we all have the chance to meet tonight. Thanks!
It’s great to hear that you’re looking for ways to support your mom during this transition. The cost of adding an additional driver can vary significantly based on several factors, including the driver’s age, driving history, and the insurance company’s policies.
Since your son has a clean driving record and is experienced, this could work in your favor in keeping costs moderate. Generally, adding an experienced driver with a good record might not drastically increase your premium, and it often wouldn’t be as high as doubling your policy. In many cases, it could be as little as $10 to $50 per month. However, it’s important to note that insurance companies have different policies when it comes to rates, so this is just a rough estimate.
To get a more accurate idea, you might consider calling your insurance provider tomorrow to discuss the specifics, including your current policy details and the variables that could affect the cost.
It’s a good idea to have a discussion with your family tonight about the possibility of your son helping with driving, but be sure to mention that you’ll confirm the additional insurance cost before making a final decision. Good luck with your family meeting, and I hope it helps ease your mom’s feelings about her driving situation!