My teen is going to get behind the wheels very soon. Do I need to add her to my plan or get a separate policy for her? Pls suggest
Thanks All
Nicole
Total Comments: 15
Posted: Thu Aug 30, 2007 07:20 am Post Subject:
Hi Nicole, Congrates! You have entered into the red zone of parent's dilemma. It's quite a normal phenomenon that you are simultaneously concerned about your child's safety and at the same time dead worried about your insurance budget because their inclusion in your policy is likely to raise the premium on your auto insurance coverage.
Well, the Teen drivers fall into the category of ‘high risk drivers' (young drivers were the cause of most of the fatal road accidents in USA) and the insurance companies make them pay for that. Therefore, even if you buy a separate policy for your daughter it is not likely to save much for you. Alternatively, it definitely makes a good sense to include your teenage driver in your policy if she drives your car regularly. It is wise to be pro-active and inform your insurance company the moment the teenager becomes eligible for driving (at least it will keep the worries off you).
Take care,
Juanita
Posted: Thu Aug 30, 2007 07:39 am Post Subject:
Separate policy for teenage driver! Hmmm, has she got her driving license already? If yes, then you might consider buying a separate policy for her. Alright, they are considered as ‘high risk driver' but female drivers are often adjudged as less risky to insure than the male teens. So, possibly her premium won't be sky rocketing. :D
Posted: Thu Aug 30, 2007 08:47 am Post Subject: "Named Exclusion"
Well my friend, it's really up to you weather you should include her in your policy or not? You can lawfully exclude her from your policy under ‘named exclusion'. But in that case, if she gets involved in an accident while driving your car the insurance company will not reimburse for the loss. busybee
Posted: Sat Sep 01, 2007 08:54 pm Post Subject:
When my sons beacme teens, I added them to my policy. My policy had some deals where, if they took drivers ed., made a certain grade point average, etc., they discounted this. So I mad sure he stayed at a certain gread point average!
Yous will not be as high with a girl, as it is with boys.
Check into discounts for adding another driver, grades drivers ed., etc., and see what they can offer you!..Good Luck..Karen
Posted: Tue Sep 04, 2007 08:14 am Post Subject: Post shifted to the right thread
Hi cyanido,
Your post has been shifted to the following URL. Pls, click on it to see the replies.
http://www.ampminsure.org/feedback/about2957.html
Thanks & regards,
Lakemen
Posted: Sun Sep 16, 2007 01:47 pm Post Subject: Hi there,
I was 22 when I started driving. In the beginning, my parents had me on their policy, and it costed me around $240 a month to have the basic coverage here in NYC (i have 3 "disobeying traffic device" violations). When I switched the insurance under my name ... well I was paying $420 per month for the first six months. So if you want to save $ the choice is obvious :)
Posted: Sun Sep 23, 2007 04:10 am Post Subject:
Having four children my experience is that it is much cheaper to add them to your policy, assuming that you have a preferred rate policy. If you have standard or high risk yourself it may be better to get a separate policy.
Posted: Sun Sep 23, 2007 10:25 am Post Subject:
It is cheaper but it is also risky. Like prevous posters mentioned, it is possible that in a case of an accident the insurance company wont cover the damages and the fact that a person, who is not on the policy was driving the vehicle could outweight every other cisrcumstance and turn the case around.
You will save money but there is always the risk. If you are a good gambler, go for it :D
Posted: Sun Sep 23, 2007 04:06 pm Post Subject:
If your child is listed as a driver on your policy any damages that occur when driving any of the listed autos will be covered. The issue is when the child has their own policy, which at least one parent is usually also listed, and the child drives one of the parent's cars that is not listed on the child's policy.
Posted: Sun Nov 20, 2011 08:52 pm Post Subject: ÷åòêàÿ äèåòà ïðè ãåììðîðîå
Posted: Thu Aug 30, 2007 07:20 am Post Subject:
Hi Nicole, Congrates! You have entered into the red zone of parent's dilemma. It's quite a normal phenomenon that you are simultaneously concerned about your child's safety and at the same time dead worried about your insurance budget because their inclusion in your policy is likely to raise the premium on your auto insurance coverage.
Well, the Teen drivers fall into the category of ‘high risk drivers' (young drivers were the cause of most of the fatal road accidents in USA) and the insurance companies make them pay for that. Therefore, even if you buy a separate policy for your daughter it is not likely to save much for you. Alternatively, it definitely makes a good sense to include your teenage driver in your policy if she drives your car regularly. It is wise to be pro-active and inform your insurance company the moment the teenager becomes eligible for driving (at least it will keep the worries off you).
Take care,
Juanita
Posted: Thu Aug 30, 2007 07:39 am Post Subject:
Separate policy for teenage driver! Hmmm, has she got her driving license already? If yes, then you might consider buying a separate policy for her. Alright, they are considered as ‘high risk driver' but female drivers are often adjudged as less risky to insure than the male teens. So, possibly her premium won't be sky rocketing. :D
Posted: Thu Aug 30, 2007 08:47 am Post Subject: "Named Exclusion"
Well my friend, it's really up to you weather you should include her in your policy or not? You can lawfully exclude her from your policy under ‘named exclusion'. But in that case, if she gets involved in an accident while driving your car the insurance company will not reimburse for the loss. busybee
Posted: Sat Sep 01, 2007 08:54 pm Post Subject:
When my sons beacme teens, I added them to my policy. My policy had some deals where, if they took drivers ed., made a certain grade point average, etc., they discounted this. So I mad sure he stayed at a certain gread point average!
Yous will not be as high with a girl, as it is with boys.
Check into discounts for adding another driver, grades drivers ed., etc., and see what they can offer you!..Good Luck..Karen
Posted: Tue Sep 04, 2007 08:14 am Post Subject: Post shifted to the right thread
Hi cyanido,
Your post has been shifted to the following URL. Pls, click on it to see the replies.
http://www.ampminsure.org/feedback/about2957.html
Thanks & regards,
Lakemen
Posted: Sun Sep 16, 2007 01:47 pm Post Subject: Hi there,
I was 22 when I started driving. In the beginning, my parents had me on their policy, and it costed me around $240 a month to have the basic coverage here in NYC (i have 3 "disobeying traffic device" violations). When I switched the insurance under my name ... well I was paying $420 per month for the first six months. So if you want to save $ the choice is obvious :)
Posted: Sun Sep 23, 2007 04:10 am Post Subject:
Having four children my experience is that it is much cheaper to add them to your policy, assuming that you have a preferred rate policy. If you have standard or high risk yourself it may be better to get a separate policy.
Posted: Sun Sep 23, 2007 10:25 am Post Subject:
It is cheaper but it is also risky. Like prevous posters mentioned, it is possible that in a case of an accident the insurance company wont cover the damages and the fact that a person, who is not on the policy was driving the vehicle could outweight every other cisrcumstance and turn the case around.
You will save money but there is always the risk. If you are a good gambler, go for it :D
Posted: Sun Sep 23, 2007 04:06 pm Post Subject:
If your child is listed as a driver on your policy any damages that occur when driving any of the listed autos will be covered. The issue is when the child has their own policy, which at least one parent is usually also listed, and the child drives one of the parent's cars that is not listed on the child's policy.
Posted: Sun Nov 20, 2011 08:52 pm Post Subject: ÷åòêàÿ äèåòà ïðè ãåììðîðîå
+2 ÷àñà - 1/2 ÷àéíîé ëîæêè ðàñòèòåëüíîãî ìàñëà;
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