How does insurance work?

Message Author
ampm-bookmark
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Mon May 27, 2013 11:15 am   Post subject: How does insurance work?  

I’m 16 and I want to have my own license. I haven’t yet gotten my license as I thought that I’d only be able to drive if I pay for my own insurance. But just today I heard in school that as long as the car is insured I could drive it on my dad’s insurance.

Does this mean that I can drive any car as long as someone owns it and has insurance on it and I don’t need to pay hundreds of dollars for insurance?


_________________
Register Now to have your Insurance queries solved.
MaryRuff
Guest







PostPosted: Mon May 27, 2013 1:57 pm   Post subject:   

Not exactly. Your fathers insurance may require him to add you onto the policy if you obtain your license (funny that insurance companies want to collect a premium for risks that they take). If he's required to add you and does not, a claim you file may be denied coverage.

tcope
Forum Expert
Leave a quick message

tcope
Forum Expert

Joined: 22 Nov 2006
Posts: 6175

Location: Salt Lake City, UT
375.37 Dollars($)

PostPosted: Tue May 28, 2013 4:39 am   Post subject:   

When you apply for your license to drive, you will sign a statement that says you will drive with coverage for your financial responsibility according to state law. Your parent will also certify that as true. The insurance could be your own or it could be as an additional driver under your parents policy. It will still add several hundred dollars to the cost of your parents' insurance, and you should be the one to pay it..



_________________

CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
MaxHerr
Forum Expert
Leave a quick message

MaxHerr
Forum Expert

Joined: 29 Nov 2009
Posts: 7888

Location: Pomona CA
107.61 Dollars($)

PostPosted: Tue May 28, 2013 5:34 am   Post subject:   

First, friends in your school are wrong.



Every state has different laws and rules on this subject. While in some states you just need to be listed in your parents’ policy, in states like Minnesota, insurance follows the vehicle. Anyone here who drives the car with permission (sometimes explicit) of the policyholder is an “insured driver.” This may include any friend, a neighbor, or family member.



_________________

Owning a home is a keystone of wealth - both financial affluence and emotional security. ~ Suze Orman
MangoQurious
Senior member
Leave a quick message

MangoQurious

Joined: 12 Mar 2013
Posts: 270

Location: Sacramento, CA
61.23 Dollars($)

All times are GMT
Page 1 of 1


Get free auto insurance quote
State Auto Insurance Laws in USA

USA Auto Insurance laws
Ask Community Experts

flash plugin

Quick Links

Must See

Community

Hot topics in forums

Latest in blogs

    Connection Error: Connection refused