Is your teenager already driving your vehicle? If you answer yes, you may be required to add your teenager to your insurance policy. There are certain rules that you have to follow depending on your insurance provider.
If your grown-up child is already a license-holder, you know that you need to get insurance for them. It can be very expensive especially if they are still teenagers. They are considered to be “high-risk” drivers as compared to those who are over 21 years old.
The only time that you will not be required to do this is if your grown-up child already has his/her own car and would like to get his/her own policy. If you choose not to disclose this detail to your car insurance provider and they find out, there is a chance that they may cancel your car insurance policy or you will not be renewed anymore when the car insurance expires.
Grown-Up Child with Learning Permit
Your car will be covered by your car insurance policy but only if you are the one who is driving. If your child already has a learner’s permit, you may need to be with your child as he/she practices to drive on the road. This is to ensure that the person will be able to practice safely.
Once again, the rates that you will get if you would choose to get insurance for your grown-up child will depend on the place where you live and the insurance company that provides your policy.
Will Adding Your Child Affect Your Car Insurance Rates?
You have to be prepared that when you add your child to your car insurance rates, the amount that you have to pay will become higher. There are different factors that car insurance providers base on before providing rates. Younger drivers are considered to be riskier drivers as compared to those who are in their 20s.
You can always contact your car insurance company beforehand in order to check the rates that they may offer when you decide to add your child to your policy. The more violations that your child has received, the higher the chances that you will spend more on your premium. You may want to shop around for a different car insurance policy for your child if you find the price too steep.
How to Get Discounts When Adding Your Child to Your Policy
There is a higher chance that you will get a discount if your child does not live with you full-time at home. For example, your child may need to go to college and would only live with you during the summer months. Insurance companies know that there will be fewer chances that your child will get into accidents this way.
You can let your insurance company know about this so that you will possibly get a discount. The more that your child is at home, the higher the chances that he/she will have access to your vehicle. This can translate to higher premiums that you do not want at the present time.
What happens then if the child lives in different houses because the parents are divorced? Each parent may be required to get the right car insurance policy for the child. Once again, the insurance company can be informed about the situation. This will make it easier to compute how much the premium is supposed to be. There may also be other factors that may affect the rates such as being a veteran. There are veterans auto insurance policies available for those who have served the country very well.
Check Your Options
It is ideal that you will not make hasty decisions when trying to find the right car insurance. Your child may have already gotten a lot of driving violations that will definitely increase the premium. If you truly want to get the right car insurance for your child, make sure that the car will be driven safely. There may be other driving courses that your child can take. This will decrease the amount that you have to pay every month.
There are differences with the rules that need to be followed when trying to get your grown-up child insured. Contact your insurance company soon to get the right details.
Facebook Comments