Originally Posted by Cyclone792
When I turned 16 in 1998, I drove a four cylinder sedan, and my insurance was around $900 a year with primarily liability. Granted, I did have a good student discount already deducted from that total. I maintained a clean driving record through my 18th birthday, and I was able to drop my insurance to around $775 a year after turning 18.
Those are about the same rates I saw when I added my son to our policy when he got his license at 16.
The sad thing was, that effectively doubled our insurance rates, i.e. my son and one car == my wife and I in 2 cars.
And like you mentioned, he kept his grades up, no tickets and no accidents (talking to other parents, he seemed in the minority here), and his rate was cut by about 40% at the age of 18.
One thing that we were a stickler for was he wasn't allowed to drive with friends in the car for 6 months after he got his license.
And we didn't just turn him loose the day he got his license. We pretty carefully increased the radius of where he could go and the traffic density he'd encounter. Too many people just hand the keys to their kids and say "good luck" and let them go wherever.