Teen drivers are usually included in their parent’s car insurance policies. However, many parents question when young drivers should get insurance of their own. While the process differs for every family, the following guide can help parents decide when their kids should look for their own coverage.
When to Take Your Children Off Your Car Insurance Policy
1. When They Turn 18
Many parents look at their child’s 18th birthday as a milestone. While still a teenager, 18 signals that adulthood, and all of its responsibilities, are looming around the corner. Implementing one’s own insurance coverage is great preparation in this case, as your child will need to shop for the best policy, while also making sure they pay the premium each month.
2. When They Buy a Vehicle
Once they purchase their own vehicle, they will need to insure it under their own policy. In this case, make sure your child knows the type of car they buy may impact their premium. Insurance rates are much higher for young drivers, so any reduction to premiums is helpful. With some companies, teen drivers can also reduce rates by taking a driver’s education course and getting good grades in school. Make sure your child asks the insurance broker about any potential discounts.
3. When They Move Out
Once your child leaves home, it’s natural that they begin assuming responsibilities like rent and utilities. Insurance is just another one of these responsibilities, and many parents take their kids off their policies once they have a home or apartment of their own. Not only will this ensure your child is covered while driving, but it will also help boost their credit score if they pay their premiums on schedule.
Young drivers in search of affordable car insurance can rely on Zimmerman Insurance Agency in High Point, NC. For more than 56 years, this insurance company has helped local residents protect the things that matter most. In addition to auto insurance, they offer home insurance, motorcycle insurance, and coverage suited to small business owners. When filing a claim, they’ll be there to answer any questions and help you through every step of the process. They’ll also help you find the most reasonable rates, no matter your situation. Visit the website to browse more of their offerings or call (336) 883-6512 to schedule a consultation today.