my daughter makes a car payment to me that includes insurance and she's responsible for maintenance. Since she's still living at home it was cheaper to title it in my name and keep her on my insurance. When she moves out then the car will be transferred to her and she'll get her own insurance.
But I have two teen drivers and one college age driver and two of those three have had wrecks that were their fault. The third is a boy. And then my wife and I and I have one speeding ticket. So more than that.
My kid is 2.5 so who knows what people will be driving (or not driving) when he's 16...
But I always thought a good parental strategy was, when handed the keys, they were aware they would be expected to cover the difference in premiums that any speeding tickets/accidents created. But not sure how that works in practice.
with no damage at all to her car and they literally paid to buff out the bumper of the other car. So I'm not sure that was not one of those "forgiven" accidents. But then added son of and he's a boy, so that jacked up the rates a good bit even though older daughter didn't take a car to college so I got to adjust her premium down since she only drives the car when she's home and college is more than an hour and a half away. Then added second daughter and she caused more damage to the car she hit than she makes at her job. The difference in premiums after her wreck is like 160 per month.