That depends on weather or not your 17 year old has their insurance on the parents policy. It will go up if the child is on the parents policy, but if the child has their own policy, it won't. But it will be cheaper if the child is added on to the parents policy. My husband is a North Carolina State Trooper so I know alot about insurance. Also, call around and go online for the cheapest rates.
Is there a web site available for free for research to see if parents have life insurance coverage and if refunds are due to them of spousal death?
Yes, most insurers require parents or guardians to pay premiums for a minor driver with a permit. In most cases, insurance rates will rise if a minor resides in the home who is of driving age, whether they acquire a permit to drive or not.
The best thing to do is get on your parents insurance because their premiums will raise less than you would pay for on your own. If you want to get some quotes for yourself, go ahead. I have linked an easy site that leads you through the quote process with tips for keeping your premiums low.
use your own brain 'kay?
yes
No, unless they are an executor of the estate and the parent had been paying the insurance premiums before their death.. Any person can insure anyone, it only means that a policy will be paid on death of the person they have insured and is paid to the person who paid the premiums or to their estate.
Old enough to have a good income to pay for the insurance premiums. Most children are covered in their parents policies up to age 26 IF they are attending school/university full time. Most employers will have a medical plan that you can join and participate in, and have the monthly premiums deducted from your pay. When you get to retirement age (Medicare) you will rely upon your retirement savings accounts and pensions to pay those premiums.
I assume you are Canadian. I am as well, and I am a Broker. First of all, it's dependant upon if the accident was at fault, so rates may not change. If you are at fault, no matter if you are dropped thereafter, there will still be a price hike. If it's not at fault, generally the rate should stay the same. Rates may double in the case of at fault, dependant on company. Being a G2 driver already means premiums will increase the parents' policy. If you are in an at fault accident, this will further raise the cost. If you were not at fault, the premiums should NOT increase.
If they are elderly parents, Yes. But if you are under 40 you cannot put life insurance on your parents.
There is no standardized insurance policy that offers discounts based on your parents' longevity. However, some life insurance policies may offer benefits or discounts if certain health conditions or longevity runs in your family, which could potentially lower your premiums. It's best to inquire with insurance providers directly to see if they offer any specific discounts related to your parents' health or longevity.
Your parents may set that rule. And insurance is usually cheaper if the driver has good grades, which may influence your parent's ability to cover you.
You may take out an insurance policy on your parents if you have power of attorney over them.