Q: Will the insurance rates on my Toyota Corolla go up if I get my own policy instead of staying on my parents' policy?
Apr 16, 2021

I'm a 26-year-old first-time driver, but I've been on my parents' insurance since I took driving lessons. Currently, I have a Toyota Corolla. Is it cheaper for me to stay on their insurance or get my own?

Answer provided by
Eric Schad
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“Several factors go into deciding whether you should keep your name on your parents’ insurance. If you’re still living at home and you keep the Toyota Corolla at their address, you might find that your coverage is cheaper if you stay on their policy.

If you’re thinking of moving out, now’s the time to get your own policy. Because you’re over 25, you’re not considered high-risk anymore, which may result in lower rates.

As far as the cost goes, there’s no way of telling how much you’ll pay without shopping around. Typically, staying on your parents’ insurance is cheaper, but since you’re a bit older, getting your own policy may be an affordable option.

Use Jerry to get quotes from dozens of top providers and find a price and policy that meets your needs.”

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This app is truly amazing and I recommend it to everyone. They were able to save me over $100/yr on car insurance, and I hardly had to do a thing. They got finalized quotes for me in minutes, and I didn't have to call anyone. They also canceled my old policy, and got me on to my new one for me!