When should your kids get their own auto insurance policy?

I want to reiterate that coverage and underwriting requirements always vary by carrier, so this information is as generalized as I can make it.

The 1st consideration would be residence. If your child no longer lives with you and you do not have care, custody, or control of their vehicle, then do you want the liability risk associated?

The 2nd consideration is who owns the vehicle. Again, if your child is the titled, registered owner of the vehicle then some carriers may require your child to have their own policy as you would no longer have any insurable interest in the vehicle.

Keep in mind that if your child is a full time college student either living on campus with or without a car or lives at home while attending college, regardless of vehicle ownership most carriers are ok with them still being included in your policy and it is most likely less expensive overall to leave them on your policy while they are going to school.

If your child does not attend school and does not live with you, but has several roommates, many carriers will require the roommates be listed or rated for on an auto policy so keep that in mind when your child moves out.

As always, don’t hesitate to contact your insurance agent with any specific questions or give us a call at The Miller Insurance Agency.