Libra launches insurance for every young driver for NIS 30 per day. An average family will be required to pay an additional NIS 4,000-5,000 once the son or daughter passes the test.
Insurance for young drivers is a serious financial blow to parents and a good source of profit for the insurance companies. A Walla Car inspection shows that adding a new driver to the policy of veteran drivers usually makes them more expensive by 60 to 100 percent. There are also companies like Phoenix, which offers the Phoenix Smart service.