Teen Driver Non Owner Auto Insurance Policy?
Reader’s Question:
Should I get my daughter a non owners policy since she does not own a vehicle? She just got her driver’s license.
Linda
Good Question, Linda.
Generally, it is actually much cheaper if you add her to your insurance policy rather than getting a separate insurance for her. You may be able to get a discount from your insurance company for multi-policy if she will be driving her own car.
As soon as your teenager begins to operate a vehicle, you will need to notify your insurance company that you will add her as an additional driver in the household. Since teenagers are inexperienced in driving, you will notice a higher premium on your insurance, since according to statistics, they tend to get involve in an accident.
You may expect your insurance rate to go up as much as 50% if you add a teenager in you policy. A son however will increase a premiums for as much as 100%. You may consider increasing your liability limits for additional protection.
Please note that some non owners policies do not cover vehicles that are owned by a member of the same household.
Goodluck!
MariCAR
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