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Are Children Covered on Your Auto Insurance?

Discount on current policies that parents hold can be applied to insurance coverage for their children. Insurance carriers will need some requirements before the extension of coverage takes effect. One common requirement is that your child or children currently live in your residence. The child should also use a vehicle that you or your spouse owns. These considerations are important if you would like to use an existing auto insurance policy to cover another family member, in this case, a child. Generally, if your son or daughter is a teenager, insurance companies will not automatically add them to the insurance policy. It is the responsibility of the policy owner to contact their respective insurance carriers to inform them of these modifications.

Premiums will increase if you would like to add a teenage driver to the auto insurance policy. Although, many insurers give discounts especially when the parents have already availed of coverage prior to adding the teen driver. Supplemental driving courses are advantageous not only for the safety aspect, but it also reduces the cost of insurance. For example, a defensive driving course would typically remove up to 20% from premiums. Other insurers give discounts to drivers who maintain a high average of at least 3.0. This applies to both high school and college students who are conscious of their grades.

When parents add their children to the insurance policy, most of them can take advantage of extra discounts. Most auto insurance providers have, what we call, a multiple-vehicle discount for policy holders who insure more than one vehicle. If you use only one insurance provider for your home and cars, a multiple-policy discount can also be availed of. Cars that have low annual mileage and anti-theft features can help their drivers get more discounts as well. If you and your spouse are already enjoying good premium rates, they can even be made better through these.

Whether your children are in their teenage or early adult years, they can be covered by your insurance policy. The only conditions are that they must drive one of your personal vehicles and they must live with you at home. Typically, when a child buys his or her own vehicle, the insurer will no longer allow them to use a parent’s policy. However, in some cases they will allow it for as long as the child still lives in the family residence.

The best time to check with your insurance carrier is when your child receives his or her learning-permit for driving. Several insurers will easily extend coverage during this phase of driving introduction, but some will already ask you to make a formal addition in the policy thus automatically increasing the premiums.

A child attending college, who lives at least 100miles away and who won’t bring a car with him or her, can earn you a discount. Insurance providers might even add an exclusion endorsement. This states that your child won’t have coverage when he or she drives a vehicle even when coming home for visits.