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Insuring a New Teen Driver

Written by Michele Wilmonen. Posted in Ask An Insurance Question Last Updated: 05/31/2017

Q: My son is getting his diving permit this summer, do I have to put him on my insurance policy?

A: In most cases you don’t. He isn’t a licensed driver yet and insurance companies usually only require that licensed drivers be put on insurance policies. If you are going to be staying with the same insurance company you won’t need to provide their information until either the insurance company asks for it while they still have their permit or when they get their license.

As tempting as it is, don’t skip on adding your new driver to the policy. If they get into an accident the insurance company will pay for the accident, but they may cancel your policy afterward. If they don’t cancel it, they will make you add them.

If you are switching insurance companies this summer you may have to provide all of the names and birthdates of those close to driving age in your home. Insurance companies do this to keep track of the drivers in the household so that a newly licensed driver is added when they should be. Teen drivers are a high risk to insurance companies and they have to be able to collect the appropriate amount of premium for the risk in order to remain solvent.

 

 

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Michele Wilmonen

Michele’s first introduction to insurance was working for a major insurance company as a file clerk and a mailroom supervisor in a regional office. She learned insurance directly from underwriters and claims adjusters from questions and also watching them do their job. Since then, she’s earned a number of insurance certifications from the Insurance Institute of America and also a Bachelor’s degree from the University of Idaho. She blogs at Car Insurance Guidebook.

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