Posted on 04/22/2006 2:31:11 PM PDT by rudy45
Our daughter just got her driver's license. I know that a common practice is to add such a driver to the policy, as a named insured. However, is that always necessary? I was reading the policy, and it seems to make no distinction between liability of a named insured and liability of a "family member" (which our daughter would be, according to the policy). If my reading is correct, therefore, it seems that we can leave the named insureds as being my wife and myself. Of course, I'll double and triple check.
What has anyone else done in this regard? Is my understanding reasonable? Thanks.
You must insure any licensed driver living in your household.
Thanks, but is that the same as saying that all licensed drivers must be "named insureds"? The way our policy is written seems to cover plain "family members" without their being "named insureds." In other words, the policy does seem to cover the teenager as a "family member." Thanks.
In VA, you MUST add the kid to the policy, or your insurance is void.
And, having just done this, the cheapest way I could find was to buy an old beater, put my son on it as primary driver, and buy liability only for it (the car cost less than the insurance).
He can still drive my other cars, but his primary car is the beater.
I spoke too soon: it depends on state law.
In NY we must insure any licensed driver in our household.
In fact, I even have to insure my son who lives away at college. He does not have a car there, but since the college is less than 90 miles from our home and we claim him as a dependent, we are obligated to insure him.
You should discuss this with your insurance agent, as your decision could have serious financial ramifications. You want to be covered should your daughter be driving your vehicle and (heaven forbid) involved in an accident.
When in doubt, always get more insurance!!!
Rudy, we did the same thing Patton did when our son got his driver's license. We bought a *very* used car, put him as primary driver on it, and because of our policy he can now drive our cars as well.
Make sure your daughter takes advantage of her school's drivers ed and the "good student" discount. These two alone saved us over $400 annually.
BTW: I am in Georgia.
BTW, if anyone is an insurance broker, I have come up with an idea to ceate a whole new market, with a lot of earning potential...FR mail me.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.