Talk to a DUI lawyer right now!

Parent Car Insurance New York NY

Reader’s Question:

I’m still living with my parents here in New York but I’m buying my own car soon, do you think I can still stay under my parent’s car insurance policy?

Caitlin

Albany, NY

Good question, do you think you can afford insurance on your own? Can your parent’s afford the additional premiums on their existing car insurance policy once you get your own vehicle? Or will you be helping out in paying the car insurance bills as well? These are just some of the many questions you need to ask yourself to know if staying under your parent’s car insurance policy there in New York will be a good decision. Here’s some tips:

Stay under your parent’s auto insurance policy if…

1. They are willing to still keep you under their existing policy, in this case you should be added as a named driver.
2. Their auto insurance company provides additional discounts for expanding coverage to include you and your vehicle
3. If you will be allowed to get under your parent’s insurance (by the insurance company) even if the vehicle is under your name, you will have to consult the auto insurance provider or New York State’s Department of Motor Vehicle for this.
4. If after shopping around and comparing rates, you determine that it is beyond your budget to pay for car insurance on your own or will put a great strain to your finances.

You may consider getting coverage on your own if…
1. You are responsible enough to avoid getting involved in car crashes or getting traffic tickets and would want to start building a good driving history.
2. Want your payments on the insurance to reflect towards your credit history.

 

Tags: auto insurance, auto insurance claims, auto insurance online, car insurance