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Young man with car

The kids are driving. They want their own cars, yet you want to help them as much as you can as they establish themselves. The easiest remedy? Keep them on your auto insurance policy until they can afford insurance on their own, right?

Consider these important factors when evaluating whether to continue providing coverage through your own auto policy.

  • Are they still living at home?

  • In most cases, a policy affords the same coverage for an adult child living at home regardless of age. Ownership, policy language and other variables may play a role, but age by itself does not pose a problem for coverage unless specifically noted in the policy.


    yellow puzzle piece   RELATED: Read Ask ERIE: When Should I Add My New Teen Driver to My Auto Policy?   yellow puzzle piece


  • Who else lives there?

  • This may be very important if the vehicle is furnished and available for the regular use of someone who is not a family member by definition.

  • Who is the titled owner of the car?

  • If the child owns it, the child needs to insure it. You must have an insurable interest in the vehicle in order to insure it. Talk to your agent about driver exclusions and permissive use.


    yellow puzzle piece   RELATED: Read Choosing the Best Vehicle for Your Teen   yellow puzzle piece



A thorough review of your personal auto policy with your Sparks Insurance agent is the best way to find out who’s covered, under what circumstances and to what extent. You can also discover what problems may arise with vehicles owned by you for an adult child who lives elsewhere.


yellow puzzle piece   RELATED: Read Is Your Child Going Away to School? Auto Insurance for Teen Drivers   yellow puzzle piece




SOURCE - Mines Press - COPYRIGHT ©2018. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is understood that the publishers are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert advice is required, the services of a competent professional should be sought. 2/18.
Posted 10:24 AM

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