AUTO INSURANCE ARTICLE
How Old Do You have To Be To Buy Car Insurance?
By: ShannonLBuying car insurance is very important to protect yourself and your car. Some people automatically assume you can buy car insurance whenever you get your driver's license. This is a misconception and not true. There are several factors that go into determining how old you have to be to buy car insurance.
Car Insurance is a Binding Contract
You have to be old enough to sign a binding contract in order to buy car insurance. You are locked into a 6 month or 1 year car insurance contract. You agree to pay the premium each month or all at once.
However, paying the insurance amount isn't the only part of the binding contract. There are many different statements you agree to when you sign your car insurance contract. You agree to report the information correctly. You agree to notify of a change in circumstances and so forth.
If you're not old enough to legally sign a binding contract in your state, you can't buy car insurance without a co-signer.
Minimum Age of 18 to Buy Car Insurance
Many insurance companies will put a requirement that you have to be a minimum age of 18 to buy car insurance from them. If you don't meet this requirement, they're not going to even consider you as a customer.
Emancipated Teens Can Buy Car Insurance
If you're an emancipated teen and have been driving long enough on a permit to be eligible for a full driver's license, you can often buy car insurance. When you are emancipated, the state you are in grants you the legal power to make decisions for yourself and to sign binding contracts. This in turn, makes it possible for you to buy car insurance if you're 18 years of age.
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