Adding a teenager to an auto insurance policy can be expensive. The inexperience and high risks of teen drivers often bring insurance premiums up. In order to minimize the amount of increase in insurance premiums you can find out about any discounts they may offer.
Teen drivers are charged more for insurance based on the statistics involved. They are more likely to get into accidents and insurers know that they are very likely to be paying out some kind of claim during the learning curve every teenager goes through.
There are a couple of ways you can go about getting insurance for your teen. In addition to adding them to your families policy, you also have the option of having them get their own policy. This gives them the responsibility of taking care of their own coverage whether it be the financial responsibility or the responsibility of talking to an insurance agent about the details of auto insurance.
If a teen has their own policy it will probably be more expensive that if they are added to yours because they will not be able to get any of the discounts you may have. Multiple vehicle discounts and multiple policy discounts will not be available to them. The upside is that if they do get into an accident it will not affect your insurance premiums. It could also be a valuable lesson in how accidents affect insurance premiums. If a teen is financially responsible for their actions while they are driving they are apt to be more cautious.
Whether you decide to add your teen to your policy or to have them purchase their own is personal decision and one that also depends on the teen who will be driving. The best thing to do is discuss it with your teen and even with your insurance agent to find out the best way to proceed.