My son just got his drivers license. We added him to our insurance policy, but everyone that has already had a young driver told us that we did not need to do that, because it is so expensive. We did not need to let them know he he received his license, He would be covered under our vehicles just like they would if they borrowed our car. We argued that yes they would be covered under their own policy, and our son does not have one so he would not be covered. Is this true?
2006-09-21 04:58:51 · 8 answers · asked by Laurie 1 in Cars & Transportation ➔ Insurance & Registration
As long as he is under your household, he MUST be on your insurance policy. If he gets into a wreck and isn't on the policy, then basically he drove your car without insurance.
2006-09-21 05:02:07 · answer #1 · answered by Anonymous · 1⤊ 0⤋
If he lives with you and will be driving your vehicles you have to tell the insurance company. Yes, if you don't add him and he has an accident he is still an insured because he is a resident relative and probably had your permission to be driving. So then, after he has the accident and the insurance company finds out about it, they will add him to the policy anyway, rate your policy for him, increase it if he was at fault, and you'll be in that boat anyway. You just look less sneaky and more trustworthy if you add him now.
Remember, insurance follows vehicles, not people, so he wouldn't be driving your vehicle without insurance, but as I said above, it's only a matter of time before it would be discovered that he's a driver of your vehicles. You sound like a responsible parent who will do the right thing, so I'll end my lecture.
2006-09-21 18:44:40 · answer #2 · answered by Chris 5 · 0⤊ 0⤋
Your 'friends' are very wrong, as they will find out if there ever is a claim filed. It would be fraud.
If the agent is any good, they will know when your child has reached that age and will contact you to get him or her on the policy. The only way to avoid it would be for your child not to get a license, and be listed on your policy as an excluded driver.
Like any child would say, "Sure, I don't want a license anyway."
2006-09-21 12:50:27 · answer #3 · answered by oklatom 7 · 1⤊ 0⤋
If you do not add your son to your policy, not only will he be uninsured, but the insurance company would be within its rights to cancel your policy entirely.
You are contractually required to notify your insurance company of any change in resident driver status, whether that be additional or fewer drivers. Your son would not be covered as an occasional borrower as he is a resident of your household with regular access to your car.
If your son lives on his own, you do not need to do anything. He's on his own.
2006-09-21 16:38:11 · answer #4 · answered by Ryan D 4 · 0⤊ 1⤋
You must name all licensed drivers on your insurance. You can specifically exclude your son and get him his own policy for his own vehicle and it could be cheaper. However, by not listing him as a driver you are opening yourself up to rejection of any claim that you may have and it's also fraud
2006-09-21 15:14:18 · answer #5 · answered by kmday1130 3 · 0⤊ 0⤋
No, that is not true. Your son must be insured. My daughter will be getting her license soon and we will definitely add her on. If your son gets in an accident, he will be an uninsured driver and you will be put in an extemely unsavory financial situation.
If your son is getting good grades (a GPA of 3.0 or higher), send a copy of his report card to your insurance agent and you will get a 20% discount on his coverage. (This will save you at least $400 per year!!) Also, if your son goes to college, he will get a discount just for going to college.
Please consult with your insurance agent for more details.
2006-09-21 12:09:00 · answer #6 · answered by Jazz In 10-Forward 4 · 0⤊ 0⤋
Yes, he needs to be named on your insurance. When my daughter got her license we had to add her to our insurance as a secondary driver to our car. A couple of weeks ago we got her her first car, still in our name, but we had to put her as the primary driver and us as secondary drivers. Your insurance rates will go up, but its best to be safe than sorry!!!
2006-09-21 12:15:42 · answer #7 · answered by F-1 says KISS IT! 7 · 1⤊ 0⤋
Yes, inform them
2006-09-22 22:57:41 · answer #8 · answered by DKAccord98 1 · 0⤊ 0⤋