Do your insurance rates go up as soon as you get a driver's license?

yep8778

Laws differ by State. During the time my son had his learners permit in the St of CT..my insurance did not got up..when he got his license it went up 200 dollars more per month! and that was 4 years ago. Then we added a car at 17 and it was another 200....Being a boy your parents insurance will sky rocket....boys dirve fast and crazy..How many young deaths have you read about by young girls driving a car..I can say in CT NONE in the past 4 years....Young Drivers + Speed = DEATH....read this link: http://www.topix.com/forum/city/wolcott-ct/TJ8UCC7VRQJHPEDP3....This young man liked driving fast...he killed his sister, a friend and him self...his parents only had two children...They now have none...and it was all because this young man LOVED driving fast! I hope you get your license and drive SAFE!

brajammit

Your insurance will only go up once you are claimed on your parents policy. If you're never claimed, the insuarance company will never know.

If you're going to drive though, you want to be covered so you will need to get a policy, so put on your parents policy. Adding another driver will definitely raise their insuarance, that you're a new driver it will raise the premiums significantly.

MissMolly

I'm pretty sure its a national thing, but i know in VA, MD, and WV you have to have insurance once you have your license

Pooh Gotti

If you get added on your parents policy, yes, it will go up, because now there are 3 drivers instead of 2 on the policy,
I don't believe it goes up drastically or anything, but they can easily call and check.
If you are 16 with your own vehicle, and Have insurance by yourself, you will proabably be paying alot, teenagers are the highest risk drivers.
It would be less expensive to go on your parents policy.
you can always offer to pay the difference.

gomanyes562

While you have your permit, you're covered on your parent's insurance.

Once you get your license, you are not allowed to drive until you are added to their insurance policy. Yes, their rates will go up. How much depends on the state, the type of car, etc.

Blue

When you get a license, you are supposed to get insured on your own. Doing it under your parent's company will get you a better deal, and of course their rates will go up, its one more driver on the plan. They dont insure people for free.

insurthe805

Regardlessly, you must be included onto your parents policy, or your own policy. Now, carriers require for your parents to generally exclude anyone that is the age of 14 or older to prevent the "FREE" insurance aspect. A lot of carriers will provide coverage without an increase in premiums when you are a permit driver. But, once you are truly licensed. You will be treated just like any other driver. Therefore, you need to have your parents contact their insurance rep immediately. I would not play with the situation by assumption. In the event you get into an accident and weren't truly covered. Your license privileges can be suspended, and the registered owner of the vehicle can be held liable for all damages or losses due to no insurance coverage being present. The best advice is to be aware and speak with your carrier. Each carrier can rate differently. Therefore, the carrier that worked best for your parents, may not be the best option anymore when including yourself. So some additional research may need to be done. Good luck.

YES WE DID!!!

if your insurance company finds out the rates will go up. You are legally automatically covered under your parents policy so there is no way to avoid it. If you dont call them.....o well..your still covered but they can charge your parents a lot extra. may as well call them

Toold4schoolnot

I can tell you when my son recieved his drivers license and I added him to my insurance, my cost rose $600.00. Anyone under 25 and having less than 5 years driving experience in the state of Massachusetts pays a high rate for insurance. I will tell you though if my son had his own car his insurance would have cost double over what I paid even adding him on to mine.

Generally, insurance rates are high because your a beginning driver and you have little experience on the road putting you at more risk to get into an accident, speeding ticket, etc. I'm with State Farm Insurance and they reduce a percentage of your insurance rate if you provide a good report card from school, so you may want to to look into that. But as you become a member of any insurance company, your insurance will begin to drop after a certain amount of time-depending on which insurance company you choose and their policy. I would recommend State Farm, they are reliable and have a good coverage plan from my experience with them.

Elana

YOU probably don't have insurance in your name. You are probably listed on your parents policy (or at any rate you should be).

If you are not and you get in an accident, you can imagine the insurance company "having a cow" or worse, not covering you.

Yeah, you are an additional insurance risk, so their rates will go up.

The only other insurance I can think of would be life insurance that your parents took out in your name - which has a fixed payment, regardless of what you do after they have done their initial analysis of you (probably as a baby).

NO, whatever they are using to insure you MEDICALLY (their medical insurance) will not go up.

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