mNeo
Posts: 718
Joined: Fri Mar 26, 2004 8:12 am

Car Insurance And Teenagers...

Thu Aug 25, 2005 11:26 pm

Im thinking about getting my own car, but i really dont have the over $200 a month for insurance. Does anyone know what the leagal status is if im driving a car registered and insured by my mom/dad and i get into an accident. Some people claim that it is the car that is insured and some people claim that it is the person.

Doeas anyone have and informaton.
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baylorairbear
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Joined: Wed Jan 26, 2005 5:25 am

RE: Car Insurance And Teenagers...

Thu Aug 25, 2005 11:32 pm

Generally in the U.S, if you are under 25, you must be listed as a driver on the vehicle. If you are listed as a driver, and not "primary", then that is the only vehicle you can operate.

BaylorAirBear
I'm just skipping stones...
 
futureuapilot
Posts: 1329
Joined: Mon May 24, 2004 7:50 am

RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 12:01 am

Technically my truck is registered with my parents, so if I get in an accident I'm not held to pay the damages. I also only have Life insurance, no colision or damage insurance. At least I can get the good student discount!

-Sam
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LBA
Posts: 496
Joined: Tue Nov 28, 2000 10:24 pm

RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 12:42 am

All Countries are different, in the UK the main driver has to be the one insured, but other drivers can be added to the insurance. If you name someone else as a main driver who isn't the policy is null and void and the insurance won't pay out. This has become common in the UK as insurance for young drivers is expensive, but insurance companies will investigate young driver accidents to a greater level if they are down as a named driver and not the policy holder.
 
mNeo
Posts: 718
Joined: Fri Mar 26, 2004 8:12 am

RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 6:50 am

So, from what i understand: I can drive the car if it is insured under my dad only if im listed as one of the drivers. (Does this mean i can take out any of the family cars?)
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dc-10 levo
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Joined: Mon Nov 19, 2001 3:22 am

RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 6:59 am

I've just bought my car (driving test next month) and my insurance has worked out at £462 which is around $650 per year. That's with my Dad as the main driver and me as an additional driver. In the UK you can drive if it is insured in your parent's name with you as the additional driver but I'm not sure how it works in Bulgaria.

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Msl747
Posts: 349
Joined: Tue Jul 27, 2004 9:30 am

RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 7:10 am

Quoting FutureUApilot (Reply 2):
Technically my truck is registered with my parents, so if I get in an accident I'm not held to pay the damages. I also only have Life insurance, no colision or damage insurance. At least I can get the good student discount!

Yup same here. That was really the only way we could afford it.

-Msl747 spin 
Commercial Pilot Certificate: Single and Multi-Engine Land; Instrument Airplane
 
mNeo
Posts: 718
Joined: Fri Mar 26, 2004 8:12 am

RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 10:20 am

Quoting DC-10 Levo (Reply 5):
n the UK you can drive if it is insured in your parent's name with you as the additional driver but I'm not sure how it works in Bulgaria.

Im BG it really dosent matter as mostpeople really dont have insurance(altho it is mandatory...)

But i live in NY, where the laws must be followed  Sad
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baylorairbear
Posts: 2841
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RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 11:10 am

Quoting MNeo (Reply 7):
But i live in NY

Then I think you MUST be listed as at least a driver, in which case you can only drive THAT vehicle. Another alternative is if y'all have several cars, you can skip individual insuring and get an "umbrella policy." This basically covers all listed persons on all vehicles on one policy if you set it up right.

Do not make yourself the primary driver, then you'll be broke for sure  Wink. It's usually cheapest to have your mother/female as primary, and you as a driver.

I'm 24 now and have a '67 Camaro with a 383 and, as primary, I pay about $360/mth. When I was 18, my mother was listed as primary and I as a driver. My premium was $66/mth and hers was $76/mth. So, I paid both ($142/mth) and had cheap insurance. And, NO!, she NEVER even sat in my car.  Big grin

BaylorAirBear
BaylorAirBear
I'm just skipping stones...
 
CanadianNorth
Posts: 3133
Joined: Sat Aug 24, 2002 11:41 am

RE: Car Insurance And Teenagers...

Fri Aug 26, 2005 2:48 pm

My recommendation is go find yerself oh $500, go buy yerself a decent bike, and use that to get around. Sure you'll take 30 to get somewhere when you can take the car and be there in 10, you will almost have 4 heart attacks per day if yer riding through rush hour traffic, you'll have sweat dripping from you in summer and it will take 45 minutes to unthaw yer hands in the winter, and the tourists wont stop asking you where the good trails are but atleast it's a reasonable price for what you get, there's no gas, no insurance, and as long as you take 15 minutes about once a month to do some basic preventive maintenance it will be very reliable, require little maintenance and last for years. Plus it's good excerise, lets you go places you'd never get to in a car, and it's fun.



CanadianNorth
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