answersLogoWhite

0


Best Answer

There is no answer to this question as every insurance risk is unique. Contact your Insurance Agents for a rate comparison.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How much could one save if they list their insurance under their parent's policy rather than getting their own policy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you change insurance policy as needed?

No, a insurance policy can not be changed.....rather it may be alter by assignment ( transfer of the ownership)...


What is the purpose of getting an insurance quote for a car?

The purpose of getting an insurance quote for a car is to find the best policy one can for the least expensive cost. Comparing several companies is best rather than just choosing the first one.


Will it be cheaper for me to add the new car to my current policy or for me to get a new policy to cover both cars?

It all depends on the insurance company you are with, each is different. In most cases it is cheaper to add a vehicle to existing insurance policy rather start over with another insurance policy.


Does Vauxhall insurance provide car insurance?

Vauxhall insurance provides car insurance. Their insurance policies focus on the consumers needs rather than trying to fit everybody into one policy category.


Do the parents insurance go up if the child is 16 and gets a drivers license but does not drive the parents car?

If a child has a driver's license, the child has to be listed as a driver somewhere on an insurance policy. The child can have their own policy and then the parents rates would not go up. Usually it is less expensive for a child to be listed on a parents policy rather than getting their own policy. If the child truly is not driving a household vehicle than the only way for that child to not be rated is to turn in the driver's license. That should be fine since the child "isn't driving anyway". The child can still get a state I.D. that isn't a driver's license. If the child isn't going to drive there is no reason to list them. The previous is correct, just should have gotten an I.D. and not a drivers license. It may depend on the country or state. Where I am the insurance company would have no way of knowning if someone in you house got a drivers license without you letting them know.


If teenager isn't on insurance are they covered by parents policy?

NO, All drivers are required to carry insurance and be scheduled on an auto insurance policy. if he's not on the policy then he is not a covered driver. Although your company may be required to pay for an accident in which your uninsured teenager is involved. they would not be paying because he was covered, but rather they would have to pay due to the parents negligence in failing to obtain proper insurance for their teenage child and because they allowed the uninsured child to drive the vehicle. The insurer is often liable to pay for the negligence of the insured. Don't confuse this though with an assumption that the uninsured child was somehow covered simply because the insurer had to pay.


How do you find out the cash surrender value of a physicians life insurance policy?

There is generally not a special form used for a life insurance policy issued to a physician. That said, if you are concerned with the cash surrender value, a whole life insurance policy (rather than a term life insurance policy) is implicated. The cash surrender value changes (usually increases) as the policy matures. The amount of the cash surrender value is shown on a schedule on the declarations page of the policy. The declarations page is one of the first pages of the policy which identifies the insured, the policy number, the amount of policy benefits and other information.


Can I have Auto insurance without a car?

Ask an insurance company for a "broadform" policy. That will cover you for any car you drive. Yes, although it's rather pointless. Why pay for insurance on something that you don't even have or own ... there is no need. If you drive someone else's car, you are covered under their insurance policy, provided you have their permission to drive it.


What are the Documents you need for Getting Cashless Hospitalization?

The following are the documents you need for getting or rather using Cashless Hospitalization facility. They are:1. Identity Proof - like Drivers License, Passport (This is used to validate that the person asking for the feature is indeed the person who is covered by the insurance policy)2. Insurance Proof - Usually an Insurance Card or a Policy Document (This is used to validate that the person has a valid insurance policy and is currently active as on the current date)3. Proof of Sickness - Usually a letter or certificate from a Doctor who is treating the patient4. Proof of Treatment - Usually a letter or certificate from the Hospital that the patient is being treated in their premisesAn important point to note here is that, almost all insurance companies and policies have the cashless hospitalization facility. It is better if you confirm with the insurance agent about the availability of this feature before you sign-up for the policy.


Is Unitrin Direct an affordable brand of insurance?

Unitrin Direct claims they not only have competitive rates, but also offer a range of discounts. These include discounts for getting more than one policy with them, and paying in full rather than monthly.


If your ex-husband got term life insurance on you when you were married and was awarded the policy at the divorce can you have the benificiary changed without telling him if he pays on it?

On most life insurance policies only the owner of the policy can make benificary changes. So it really doesn't matter who is paying the premiums, but rather who owns the policy.


You have insurance on your home but no replacement insurance What does this mean?

HOAIt means our policy is based on actual value rather than replacement cost. It means that the insurance company is not guaranteeing you the replacement of your home if it burns down. For example, your insurance policy limit is $200,000, but the cost of replacing your home is $210,000, if you had a replacement policy, the insurance would pay for the replacement of your home despite the fact that your insurance limit is only $200,000. However, the insured value at the time of the loss is usually required to be at least 80% of the replacement cost before your policy is covered on a replacement cost basis.