Will the insurance rates on my Toyota Corolla go up if I get my own policy instead of staying on my parents' policy?
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?
“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.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Read advice from car experts at Jerry
Browse by topics
What others are asking
Can my underinsured motorist coverage bail me out after an expensive accident?
I was rear-ended by an underinsured driver who's policy max is $50,000. Their insurance is refusing to pay any more. My car was totaled and I had really high medical bills. I do have uninsured/underinsured motorist coverage for $50,000. Would this now apply or do I need a lawyer?
May 10, 2021
Is a non-owner policy a better option than paying for the insurance at a rental car agency?
I don't own a car, but I do rent cars regularly. I get a good deal on the car itself, but the insurance cost really adds up! Would a non-owner policy save me money?
Apr 29, 2021
"Can I cancel a car loan? "
I'm starting to have some second doubts about my car loan. Can it be canceled?
Apr 05, 2021