Teenager Auto Insurance Policy – Who Is Covered?
Reader’s Question:
Why do I still have to add my teenage child that is living with me to my auto insurance if the car is covered no matter who use it?
Helen
Kansas City, KS
Most insurance providers require all licensed household members be listed on your car insurance policy. Since this individual has access to the cars of the house they are a risk factor that insurance providers are allowed to include in their rating calculations.
Not all insurance policies provide coverage to anyone that operates the vehicle. Policies can have motorist exclusions. These exclusions can apply to those under a certain age (teens or under 21 or 25 for instance), those driving under the influence and unlicensed drivers to name a few.
Insurance providers therefore require you list your teen since he or she resides in your household and is a risk factor to them. Most state laws allow an insurance companies to consider all resident operators of an insured car in rating of an car insurance policy. This includes your teenage child, even if he or she has only a learner’s permit and especially when they have a full driver’s license.
What Are Car Insurance Points?
Reader’s Question:
What are these car insurance points and how do you acquire them?
Wallace
Columbus, GA
Insurance points are used to evaluate the eligibility for car insurance coverage and to determine insurance rates. These points are assigned by your individual insurance provider and each has their own type of point system. The system will differ but many insurance companies use the system based on the rules and guidelines set up by the Insurance Services Office (ISO).
Either using the ISO system or their own created system; insurance carriers assign a value (point) to various vehicle violations, such as an accident, DUI or traffic violation. The point value will increase depending on the seriousness of the violation. As you accumulate more “insurance points” as a motorist the likelihood that your insurance premium rates will increase.
If you would like to know the specifics of your insurance company’s rating system, since all carriers vary in the exact variables they use, you can contact your state’s insurance regulatory body. All insurance providers must file their insurance rates with this entity.
Young Driver Auto Insurance With Traffic Tickets
Reader’s Question:
When I was 16 and before I even got my driver’s license, I got a ticket for reckless driving, another ticket for not stopping after getting involved in an accident, and another ticket for speeding. It has been five years already. I want to find out if these tickets will affect my car insurance?
Marian
Stamford, CT
For the most part, these kind of situation will not affect your quest to buy car insurance. Most of the insurance providers only research the last 3 years on your motor vehicle record. There are some insurance providers that will research the last five years on your motor vehicle record. There is an extremely small minority of insurance carriers that will research the last 7 years of your motor vehicle history. Again, that is an extremely small number of companies. You may contact your car insurance company to verify how long they check back for motor vehicle driving record
New Female Teen Driver Auto Insurance
Reader’s Question:
Will my car insurance rate be high since I am a new teen driver, 23 years old and female?
Kelly
Baton Rouge, LA
Insurance providers in most states are permitted to have their own rating system. These providers usually look at many factors when determining a car insurance rate, experience of the motorist can be once such factor. Age is also a factor when determining car insurance premium.
If you are a newly licensed teen motorist at age 23 then your rates will be higher than others that have been driving for almost ten years already however it may not be as high as a newly licensed driver at 16, since you may be thought of by insurance companies as more mature. Maturity to an insurers means less likely to operate a vehicle in a reckless manner. The insurance premium will likely though still be higher than another 23 year old female that has been driving for a few years because this individual has a driving record for the insurance provider to check.
What you can do as a new teen driver is to shop around for insurance rates since, different insurers have different rating standards.
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