When it comes to auto insurance, many parents wonder how long their kids can stay on their plan. For those who are worried, you can rest easy. Your kids can stay on your plan for as long as they (or you) like. No matter how old they are, no matter what their employment or education status, if they are still living at home then they qualify to be on your insurance. Eventually, you may want them to get their own plan, but until then you can relax.
However, there are things that you and your child can do to help keep your insurance premiums down while they are insured under your plan. By following these helpful tips, you can keep your auto insurance quotes low, and keep your kids covered:
1. Put all cars in your family on the same policy. Sometimes insurance companies offer discounts to families that insure more than one vehicle.
2. If your insurance company also offers health insurance, homeowner’s insurance, life insurance and disability coverage, see if you can get multiple policies packaged together. Often you can get discounts if you buy more than one kind of insurance with one company.
3. Keep your mileage per year low, if at all possible. The more you drive your car, the more wear and tear it receives. The less wear and tear your vehicle has, the less likely that it will be involved in a bad maintenance related accident.
4. Keep your car up-to-date with the latest airbags anti-lock brakes.
5. Get an anti-theft system. Many insurance companies will reward drivers who have purchased anti-theft systems, because it lowers the chance that they will have to make a claim in the event of a car burglary.
6. Ask your auto insurance provider if you qualify for a “good driver” discount, especially if you haven’t had an accident for more than three years.
7. Get your child signed up for a comprehensive driving class. The more knowledgeable your child is about safe driving habits, the less likely they are to be involved in an accident. In turn, auto insurance companies will see them as less of a risk. If you want lower car insurance rates with your children under the same policy, then your child’s driving history matters just as much as yours does.
Just because your children are on your auto insurance policy, that doesn’t mean that you should pay a higher premium. By following the above tips, you can save money and rest easy knowing that your kid is covered—at least until it’s time for them to move out and get their own policy.