YOU CAN HAVE YOUR OWN NO MATTER WHERE YOU LIVE. IT JUST COST MORE IF YOUR NOT A RIDER ON YOUR PARENTS, MY SON IS 17 JUST GOT INSURANCE FOR HIS TRUCK, $850 FOR 6 MOUNTHS (ON HIS OWN)
noway.
In rare cases, a person will make a close friend or relative the beneficiary of their life insurance policy instead of their spouse.
secondary to the policy insuring the vehicle you drove with permission....barring any exclusions on your parents policy ....
It can affect: 1. Your insurance premium (for your own vehicle, or your parents vehicle if you are on their policy. 2. Your employers insurance premium (if you drive for work) It will NOT affect: 1. Your friend's premium, unless you are scheduled as a driver on the policy
You may take out an insurance policy on your parents if you have power of attorney over them.
This is not a good idea. You need your own insurance policy. There are coverages you do not have by being on your parents policy. You want to be a "named insured". This means that you control the policy and not your parents. If you want to loan your car to anyone you can, if you are on your parents policy you cannot do this. Also if you need to rent a car, you are not covered under your parents policy to do this. You would be under your own policy. Contact your insurance agent for a better explanation.
He has no coverage. Unless the minor gets insurance elsewhere. He would likely be covered as a permissive driver of the friend's car, under the friend's policy.
yes, simple as that.
Insurance Coverage on a Parents policy? Yes, So long as you are also listed by name as a covered driver on your parents Policy and your parents have an insurable interest in your vehicle. If you are a minor or a dependent still living at home then you might be able to get insurance cheaper through your parents than you could seperately. You "by name" would need to be added along with your vehicle to your parents policy to be an insured driver.
parents if the insurance is under their names
That depends on weather or not your 17 year old has their insurance on the parents policy. It will go up if the child is on the parents policy, but if the child has their own policy, it won't. But it will be cheaper if the child is added on to the parents policy. My husband is a North Carolina State Trooper so I know alot about insurance. Also, call around and go online for the cheapest rates.
NO!