How Long Can My Kids Stay On My Car Insurance?
New teen drivers under 18 can not purchase their own car insurance. If their parents choose to let then drive they must be on their parents policy. After 18, a child can legally purchase their own car insurance policy. Depending on the family situation, sometimes this may be more economical and other times not.
16 And Ready To Drive
There are a few routes you can go with a teen driver. You can choose to add them to your insurance policy. Check with your carrier and see what kind of rates they offer. They may offer you a multiple driver discount or multiple vehicle discount if your teen has their own car. As a savvy consumer, go online and compare the policy offered by your company to other companies as well. Be sure to look at all the factors, not just price to ensure you are receiving the best policy for your money.
Going Off To College
How far away is your child going? Are they taking their car with them? How much will they be driving and how far? These are all factors you can look into and discuss with your insurance carrier. It is possible you make be able to make changes to save you money. If your child is moving 150 miles or more and not taking a car with them this may qualify you for a lower rate. If they will continue to drive while in school the location of the vehicle will determine your car insurance rate.
When Can I Safely Remove My Kids From My Car Insurance?
The bottom line is your child can legally purchase their own policy at age 18. However, the premiums need to be paid and kept up in order to remain active. Most insurance policies have some terms that a college student can remain on their parent’s policy through the age of 25. Most College students can not afford to pay for their own Once your child has become independent and you are no longer claiming them as a tax deduction; it is time for them to get their own policy
Related posts:
- Does My Child’s Car Insurance Change If He Is Going Away To College?
- Can You Provide Car Insurance For Someone Else’s Car?
- Does My Teen Need Their Own Car Insurance?
- How Can I Save On Auto Insurance For My Teen?
- How Will My Car Insurance Be Affected If my Child Gets In An Accident?
