Should I Remove My Child from My Car Insurance??

As your children become teen drivers, we all want to make sure they’re kept as safe as possible. One of the things we do for them is to add them to our car insurance policy. But many of us struggle with knowing when to remove them from our insurance. Reliable Agency and your team of advisors are here to help you through this process.

Factors To Consider Moving Your Child To Their Own Policy

They Turn 18

Once they are a legal adult, you can decide how much legal responsibility you want to maintain and how much responsibility your child is ready for.

Their Bad Driving Record

Moving violations and accidents will cause your insurance costs to go up. Removing them from your policy will keep these mistakes from affecting your rates.

Your Child’s New Car is Titled in Their Own Name

If the car your child is driving is registered under their name, they’ll need their own policy. If the car is co-titled, they can remain on your car insurance. Car insurance follows the car – so whoever is on the title must carry the insurance.

Your Child Has Moved Out of the House

Once the day comes and your child is ready to gain this level of independence, they also need to know that they’ll no longer be able to remain on your insurance plan. No longer being a household member creates potential gaps in coverage if they were to be injured in an accident.

They Want to Establish Credit

Once your child begins paying their own bills, they’ll also begin creating credit history. Paying for their own insurance is one way to help prepare for larger purchases later in life.

As you begin entering this next parenting chapter, reach out to your Reliable advisors to start having these discussions. Having a youthful driver is stressful enough. The decision to remove them can be a difficult one! We are here to help make a seamless transition while continuing to protect the assets you have built up over the years.

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