16 year old just drove off in my truck

workhardplayharder wrote:

westend wrote:
Huck,
Check with your insurance agent on the price differences for policies depending on number of drivers and number of vehicles. We found that it was cheaper to have all drivers on their own car instead of having less cars than drivers. Seems stupid since more cars mean more risk at any given time but that's the way it broke out for us.
Best of luck to you and the Daughter with driving. It's only those first few weeks and then the anxiety will abate.

More drivers in the house than cars is the best option. Insurance stats are better because on paper you share the vehicle. Average miles divided between the teen and the adult. Instead of teen 100% behind the wheel for average miles.

Yes, practical sense and just a hint of actuarial knowledge should make the situation like you describe. Progressive insurance Co. feels differently. The price difference to us by adding an additional car saved us $2000/yr.. What we did do at one time was to insure all drivers and vehicles and park one, leaving only comprehensive on that vehicle. That saved an additional $500/yr.
Before folks start telling me I have it all wrong or that my agent was trying to screw me, please, find the facts on your own. I had twin 16 yr. olds and finding the best rates and situation took a lot of investigation.