My car insurance costs $11,000 a year!

[noamnety]

5. I completely agree with not letting him drive your car.

Not sure I agree about buying him a car though. I really think you'd (the OP, not Fla Dem) benefit from reading The Millionaire Next Door. In particular it has some really good data about how adult children whose parents consistently bail them out of bad financial decisions end up poorer than adults who have to cope with the consequences of their own decisions. Parents think they are helping their children, but the statistics show it doesn't really work that way.

For example, if your son had his own car and own insurance, and had the immediate consequence of losing a large chunk of his paycheck at the first speeding ticket, he probably would have modified his behavior at that point. If the car being totaled means you have to buy him a new (used) car, that's a very different thing than if he drives with the understanding that if he wrecks the car, he will be walking to work.

Regarding buying him a car, I wouldn't do it. I wouldn't want my own child driving with that safety record, so I wouldn't do a darned thing to enable her to get on the road again. But I would also recognize she's an adult, so I wouldn't stand in the way of HER buying her own car and getting her own insurance.

Is there a reason your son can't take a bus, or bike to work? Is there a reason he can't get a second job to cover his own expenses (and pay you rent if he isn't already)?