How old do you have to be to own an car insurance for yourself?
Monday, May 25th, 2009 at
6:51 am
$$[CodeBlack]$$ asked:
Im turning 16 and im gonna be getting my license soon so i was wondering how old i would have to be to own car insurance papers for myself instead of my mom or someone adding me on theirs? Whats the cheapest car insurance?
Im turning 16 and im gonna be getting my license soon so i was wondering how old i would have to be to own car insurance papers for myself instead of my mom or someone adding me on theirs? Whats the cheapest car insurance?
Tagged with: Cheapest Car Insurance • Mom • Own Car
Filed under: Car Insurance
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I am pretty sure that you would have to be 18 to have your own insurance.
Also, plenty of insurance places can give online quotes now, so just shop around a bit for the best price.
That all depends on your province/state of residence. Where I’m from, I believe you can obtain your car insurance as young as 16. However, your premiums would be hella high! And you’d be paying mad money every month. If you want to get car insurance, and still save some muchos green in your pocket, I recommend getting your full driver’s license, get a certificate showing you took driving courses (if that’s offered), and wait until four years (minimum!) before getting your insurance claim. If I’m correct, companies wanna see a driver with experience first.
on another note, careful about the type of car you wanna drive, say if you buy your own vehicle. Insurance companies will also calculate your premium based on the type and class of the car you drive. (i.e., the bigger and older model they are, the better)
I don’t think anyone would write your insurance on a standard market. If you find someone to write for you independently, you will be paying a lot of money for the insurance.
Stay on someone else’s policy. That way you will get a multi-car discount and hopefully some benefit of his/her policy discounts.
After several years of developing your own clean driving record should you switch to a stand-alone policy.
You can get your own policy at the legal age to drive. The main problem though is if you live at home and are still under 18 and a dependent, your parents are still responsible for you so you should talk this over with them and your agent to make sure you have adequate liability limits. You may not have much to lose but your parents probab;y have a lot to lose.
The legal age to enter a contract varies from state to state; some states will allow you to own your own insurance contract as young as 15. You’ll have to ask your mom’s agent how old you have to be in YOUR state.
There is no “one size fits all” cheapest insurance company, HOWEVER, it’s likely that a “regular” insurance company won’t take you (except maybe your mom’s), as a newly licensed operator. Which means, you’ll end up with Progressive, Geico, or Infinity, or some other higher risk specialist.
Again, if you talk to your mom’s agent, they can point you in the right direction.
You may want to try a website that compares multiple companies at once to get you the best price. I am paying less than ½ after I did.
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Take care,
Casey