Unlike health insurance, there's no age limit when it comes to car insurance. As long as your parents' home is your permanent residence, you can stay on their insurance as a registered driver. Drivers between 50 and 60 years old may have lower insurance rates than most other age groups, according to data from Progressive. This is possibly because middle aged drivers have a lot of experience behind the wheel and, at the same time, are less likely to suffer from hearing or vision problems.
If you have your own car, but you still want to be on your parents' car insurance, you may be able to do so as long as you're listed as a driver on your policy. If you're working, pay a portion of the car insurance policy per month to make things easier for parents. Investing in a newer, safer car can help reduce the chances of an accident and can help lower your car insurance rate. To compare quotes from different auto insurance companies, enter your zip code on this page to use the free quote tool.
You can be enrolled in your parents' car insurance policy as long as they are listed as the owners of the vehicle. Using data from the National Association of Insurance Commissioners (NAIC), the Insurance Information Institute (III) calculated the ten most and least expensive states for auto insurance. If you're no longer covered by your parents' car insurance, you'll need to get your own car insurance policy. If a car has higher accident statistics, an insurance company may determine that it is more likely to be involved in a car accident and may quote higher premiums to it.
He has spent many hours helping his customers understand the insurance market so that they can find the best auto, home and life insurance products for their circumstances. Ask your auto insurance provider what discounts are available to reduce expensive car insurance rates. Comprehensive auto insurance coverage and auto collision coverage can pay for a wrecked or damaged vehicle due to an accident or other covered incident.