When Do I Need My Own Insurance?

We get a lot of questions from drivers in their teens and 20s about auto insurance when it involves being on their parents' policy or having their own.  When is it time for you to get your own policy?

There are Several Factors to Take Into Consideration: 

The first thing to look at is WHO lives in the household.  If you still live in your parents' home, then you can be listed as a driver on their policy, regardless of your age.  If you do NOT live in your parents' household, then you will need to obtain your own policy.

We also have to look at who is the titled owner of the vehicle.  If your parents own the car, they'll want it on their insurance OR they’ll need to be listed as an Interested Party on your auto insurance policy.  That means that if you were to quit paying on the policy and it canceled, they would be notified.  (As the owner of the vehicle, they could be held responsible if it was being driven without insurance.)

If you are the sole owner of the vehicle, it can only be added to your parents' policy if you still live in their household. If you live elsewhere, you must have your own policy.

(Some of these rules will vary depending on the age of the driver and if they are away at college or living out of state.)

This can all sound confusing, which is why we always recommend working with SAV-ON Insurance agency to go through the details.  We’ll make sure that your policy is set up correctly and that everyone is getting the best possible rate.

Call us today at 888-867-2866, text us at 206-592-6007 or visit www.sav-on.com!