You are paying HOW MUCH?!
I’m in NJ, which is notoriously high. My son and I collaborated to get him a ‘97 Opel with 24k miles. GREAT car! We added him to our Geico policy for $966/yr. Well, it was like $750 before the big hike this year.
All of our own vehicles range from $500 to $1000 ea. Wife’s S90 is the most expensive at $1020.
Yeah a 90k car is going to be tough to insure for a teen.
Hell my first car was just under 20k and it was expensive to insure
it makes perfect sense.
Most people get their drivers license, or at least they did historically, at age 16. The reason that 16 to 19-year-olds have historically the highest rates is because that’s the biggest group that has the least driving experience assuming they were licensed at 16.
Insurers specifically give bigger discounts based on how many years you’ve been licensed. Many policies will show on the documentation how long each rated driver has been licensed. This is not by chance.
We know people that have kids that like many millennials did not get their license until they were 21,22 or even 25. They are paying just as much for the most part as we did when any kid was 16 or 17.
I didn’t intend to get him an iX but this site keeps presenting deals that are too good to pass up. 
My wife will eventually drive the iX when my son goes off to college (yet another financial issue) so I gambled that it was worth the high insurance premium for 8 months to lock in the iX deal.
My dillema too, seeing all those eqs n eqe deals make me want to sign one up but the higher insurance cost with my son n my daughter coming up soon on my policy is holding me back 
There is not cut and dry answer (sounds like you want a % that does not exist). High end EV cars are expensive- a teenager on one is going to be brutal. Rates have been climing quickly for the last 12-18 months- like 20-30% increases per year (and if you look at State Farm’s combind (loss) ratio- it is at 135%- so for every 1.00 they are taking in- they are spending $1.35-- not sustainable. So rates are going to continue to climb (not picking on SF- but the are the largest carrier so it is easy to look at them for pricing trends).
Plenty of companies have totally left personal lines, and the ones that are left are really trying to slow down new business (cherry picking new customers) as it is not profitable right now. Keep your claims and driving history clean if you want a better chance to be with a prefered lower priced carrier.
The best thing you can do is get renewal quotes from you carrier and contact an insrance broker in your area (they will know who is good with EV cars and teen drivers) to compare. Unfortunatly it is going to be a lot of $$. Honestly with the recent trends it looks like in the next 3-5 years we will all be paying double the premiums we currently have now (an obsorvation from an insider).
I was a little luckier and my parents said we would pay, but if I cause the rate to go up for any reason, I am paying the difference. Luckily I was able to get the 1 ticket I got as a teen dismissed otherwise I would have been SOL.
But I don’t know about this myth that insurance decreases as you get older. It seems like every 6-12 months I am switching carriers since they jack up my rates for no reason.
I was paying north of 600 a month on a mustang gt. Now a decade in half later I paid a quarter of it on a Ferrari 360
Well now I know why you think a 400Hps Volvo is slow.
I used to have a 03 cobra and an 08 gt500
Both with aftermarket super chargers (KB and Whipple respectively) those were very quick
I am paying about $270/mo for my GT4, Honda, and Hyundai. What is crazy to me is that my $130k+ sports car is $80 per year more to insure than my $15k Honda CRV with identical coverage.
Inflation and crime
As always, the house won 
One thing that MIGHT work is getting your teen his own policy and add yourself as additional insured to that policy to get the experience modification. If there’s another address he lives at (dorm etc) even better
I didn’t have the same address as my father. So I just “borrowed” his car all the time when I was a teen into my 20s. Grey area sure but is what it is, not illegal unless you live in the same home. I made sure he had proper umbrella policies also
Prob cheaper for op to get his kid an apartment then insure him. Nuts…
The iX programs got much worse in Jan so I’m glad I locked in. The insurance on the iX is high but not much higher than for the i4 it replaced. 
I don’t think he will need a car in his freshman year. If he does, I’m definitely getting him his own policy even if it is 2x the cost…I don’t want the liability. But I will also have to buy him another car as the iX is leased in my name. He’ll be in shock going from a new iX to a 10 year old Honda. 
Used car with liability insurance in his own name would work too
Just remember that he would then be excluded from the parents policy to drive the iX.
Or worse, when he crashes it, they deny coverage, since he has his own policy and lives at the same address
You’re setting him up for dissapointment by getting him iX for his first car. LOL.