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Do parents have to pay more for car insurance if they add their child to the policy?
Wiki User
∙ 10y ago
Yes, I do think that insurance companies will raise the cost of insurance, because you are a teenager(well that's what I'm guessing). But, it may go up even higher when you get your driver's license because you would be able to drive by yourself most of the time without a parent. And insurance statistics confirm that teenagers drive fast, wreckless, and less-experienced. So the good has to suffer because of the bad. So to answer your question, the rates will most likely go up, but not as much as if you were on your own insurance.
Wiki User
∙ 10y ago
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Can a 18 year old get cheap car insurance if her parents do not drive?
The answer: No. Insurance is not cheap to any young driver. Not being on a parents policy can be more expensive as well.
Can you have a husband and a child as a beneficiary on a life insurance policy?
Yes, all life insurance companies allow the policy owner to name more than one beneficiary at any time.
Is life insurance recommended for single parents?
Life insurance is even more important for single parents as they are likely the sole provider for their child(ren). Life insurance would help provide for them if something happened to the parent.
Do you have to add your child to your car insurance?
Double check with your insurance agent, but I think you can. I believe you can add ANY licensed driver to your policy, although it may cost more. (Businesses, for example, frequently insure a lot of different people as drivers.) In some states you can also get an insurance policy that will cover anyone who drives your car, as long as they have a license. It just costs extra.
What is the maximum reimbursement for life insurance for a insured child?
Before I answer this question, I would first like to clarify that reimbursement means to get money back so I am assuming you are referring to closing a child's life insurance policy to obtain the cash that was in the cash value portion of a whole life account. And that always depends on the amount of the premium and how long the premiums have been paid in to the policy. If you are referring to the death benefit for a child, than the answer to that is: up to the amount that the parents and other siblings would carry. For example, if 2 parents each have $50,000 and there is an application for a child for life insurance, the maximum amount would be $50,000. A child cannot carry more insurance than the parents carry. If there are siblings involved, the amount of coverage would be equal to all children in the household. I hope this helps answer your question. My name is Patrick Villalobos of the Patrick Villalobos Agency and I am with the Farmers Insurance Group of Companies in Chicago, IL.
If you get a learners permit will your parents insurance go up?
Yes, the premium will increase as you must be included as a driver in their policy. I disagree. It depends on the insurance company. Mine told me my rates will not go up when my son gets his permit, but they do want to be notified. Rates will go up when he becomes licensed.
Can you be covered by your parents' policy if you are over 18 live with your parents out of high school and the car is registered in your name?
Yes, I have two children over 18 and under 25 who are currently on my insurance. You must go to their insurance company and give them your name etc and they will tell you how much more it is. Beware, if your parents insurance lapses or is canx, you will not have insurance either.
Is the cheapest insurance a guarantee of the best insurance policy?
You really need to find a balance of cheap prices while insurance policy, the better insurance policy you get, the more expensive it gets. But the cheaper price the policy, the effectiveness of the policy will suffer.
Do you need insurance to drive parents car if they are in the car with you?
Sounds like you have a permit. If so your parents policy will cover you and you will need to added their policy when you get your drivers license. Some companies require for all people in the household 14 or older to be listed. Contact your company for more details. As long as you don't live in the household, and you can borrow their car, their insurance policy will follow the vehicle.
If you are 17 and live with a friend can you be under your own insurance policy instead of your parents?
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)
How long will it take to add your child to your car insurance?
Your child will need to be added to your insurance the day that they get a license and begin driving. If you already have a policy, your representative can quickly add them to your policy. You will need to decide which family cars the child will drive and stick to that.
What is the person that buys the insurance policy called?
The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.
