This is terrible advisement. The single largest insurance expense for young drivers by far is the high cost of optional collision and comprehensive coverage. A young driver should buy a cheaper car for cash and just get third party fire&theft. Take the at-fault collision risk yourself and save thousands every year. Even if you pay for comprehensive insurance coverage and get into an at-fault accident, you still have a deductible, a repair betterment charge and even higher insurance cost at renewal. Bank the savings because that's where Insurance companies really rip you off.