How does the whole car insurance thing work.

How does the whole car insurance thing work.

Postby Derje Boven » Sun Mar 15, 2009 9:46 pm

I am a 19 year old boy. My parents are buying me my first car. It is a nice pre-owned car. How does the insurance for the car generally work? Is it required? I will be in college next year. Can they take care of my car insurance? How does it work? I heard that they can put my car under their insurance. Is this true? Please explain.
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Re: How does the whole car insurance thing work. to get your doubts cleared rega

Postby Katrina Jensen » Tue Mar 24, 2009 4:11 pm

Derje Boven wrote:I am a 19 year old boy. My parents are buying me my first car. It is a nice pre-owned car. How does the insurance for the car generally work? Is it required? I will be in college next year. Can they take care of my car insurance? How does it work? I heard that they can put my car under their insurance. Is this true? Please explain.


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Re: How does the whole car insurance thing work. If you park your car on your pa

Postby SaceCrergezex » Wed Mar 25, 2009 5:17 pm

If you park your car on your parent's property, and never drive it anywhere, you might not need to have any insurance.



But if you are going to take that car out on the public highways, you need all sorts of different types of insurance to pay for medical expenses if anyone hurt in an accident, pay for repairs if any damage from accident, get another car if it is stolen, protect your assets (house, car bank accounts) from beign drained by law suits, and also keep you out of jail.



While you are living under your parent's roof, they can add you to their insurance policy ... this will be expensive, but not as expensive as a policy in your own name.



Once you go to college, and live wherever the college is, no longer under your parent's roof, then you do need to have policy in your own name.
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Re: How does the whole car insurance thing work. Yikes!! The best advice I can g

Postby entlevel » Fri Mar 27, 2009 9:10 am

Yikes!! The best advice I can give you is to find a local State Farm Agent (they are everywhere) and ask him/her for twenty minutes of his/her time to explain it to you. (be sure you see the agent, NOT a staff member for this). They will be glad to explain it to you so you will understand and won't get mad if you don't buy a policy. They understand full well you are a pontential customer for the next fifty years and will usually bend over backward to help people with this sort of thing.
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Re: How does the whole car insurance thing work. Your parents can add you to the

Postby Laregopa » Sat Mar 28, 2009 5:47 pm

Your parents can add you to their policy and show you as the full time driver for this car. Insurance is required for any vehicle being driven on the public roadways. You do not want to be driving a car without insurance should you be involved in an accident. The fines alone would be a killer.

If you intend to take the car to college and it is on your parents policy you should inform your insurance carrier. The fact is that if the college is in a better rated area than where you live you could actually save money on your insurance. If you have a loan on the car the bank will usually require that you carry physical damage coverage ( collision and comprehensive ) to protect their interests while they are a lien holder on the vehicle.

The best advice any one can give you is to speak to your insurance agent or your insurance carrier. That is what you are paying them for.
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Re: How does the whole car insurance thing work.

Postby rickythomas » Sat Oct 20, 2012 9:33 am

Insurance companies want to calculate what jeopardy you will pose if they give you insurance. Through insurance company data collected and analyzed through the years, 16- to 24-year-olds are known to have a disproportionate share of accidents.

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Re: How does the whole car insurance thing work.

Postby insane.nick » Wed Dec 26, 2012 8:46 am

Car Insurance or motor insurance as commonly referred to, helps to protect the losses you might incur while driving on a busy road. One should always have their car insurance, so that if Accidently they meet any car accidents or damage of car then insurance company will help us to protect the losses that might occur during driving. The accidents happen for a various reasons – improperly maintained roads, not wearing seat belts, signals not marked properly, however, the common reason is driver negligence. Today many insurers offer many value add on‘s like Towing Facility,
Last edited by insane.nick on Wed Mar 19, 2014 11:48 am, edited 1 time in total.
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Re: How does the whole car insurance thing work.

Postby Ambrosemartin » Sat Jan 26, 2013 12:36 pm

You can get on your father and mother's insurance coverage and it will probably be less expensive that way. If you recreation area your car on your mom's or dad's residence, and never generate it anywhere, you might not need to have any insurance.
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Re: How does the whole car insurance thing work.

Postby Marge Deloris » Sun Feb 24, 2013 1:19 am

Let me just give you another piece of advice, you should be aware that it doesn't mean it's cheap you should grab it immediately. You must consider the 'quality' of the offer. Be sure to run through the coverage and see the list of things you most need and do the math to get the cheapest and the highest quality.
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Re: How does the whole car insurance thing work.

Postby stevenricherd » Tue Mar 05, 2013 10:14 am

Understanding the simple basics of auto insurance will make you confident that the car insurance policy you choose will take care of your needs in the event of an accident.

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