Insurance?
I recently graudated from college and will be moving to a different city for a job, one that my parents don’t live in.
I really had thought about it, but my roomate said something and so I need an answer.
Will I still be on my parents insurance, even though I graduated and live in different city? I am 21, and my parents plan on keeping me on their plan, but the insurance company won’t make me get my own seperate plan, will they?
I didn’t think they would, but my roomate wondered why I was still allowed on my parents insurance as of now.
I will be staying in state.
I just purchased a used vechile. So on Monday I will call to tell them of that, so they can put it on the insurance and then say that it will be used primarily in Houston, not Lubbock. This will obviously make my rate go up somewhat, I just don’t want them to tell me I have to get my own plan or my rates will significantly go up.
#2 answer.
I don’t know if that applies with my insurance/state. My brother is currently in school, but he is 24 and still on my parents insurance.
I figure I will lie to the insurance company tell them I am going to go to school down there next semester, if I have to, and just wait until August to get a really good deal.
It’s not that I cant afford it, but if I can stay on my parents plan and save a $100 a month, I’m going to try.
Tags: Brother, Insurance Company, Parents
April 28th, 2010 at 2:09 pm
If you purchase a new car they can! Because you will have to get insurance for that state!
May 1st, 2010 at 11:43 pm
Usually if you are in school, you can be on your parents insurance, at least up till 23… once you are not going to school full time at least 1 semester a year you can be dumped off their insurance.
May 2nd, 2010 at 8:12 am
i think this is good site for insurance
May 2nd, 2010 at 11:05 am
I walk with my friend who is tired Alta Maine
May 5th, 2010 at 9:05 pm
It really depends on your insurance company and how the policy is worded (and also on the state’s regulations). Without that information we can’t say much.
May 6th, 2010 at 7:56 pm
You will need to have a policy written into your name only for your car now. as long as you were in college, your parents could keep you on their policy. now that you are out of school and will not be living in their home, you will need a seperate policy. your roomate is correct!
May 9th, 2010 at 4:40 pm
If you are out of school and do not live in your parents home, you must have your own policy. Even if you were in your parents home and purchased the vehicle on your own, you would still need your own policy as they have no insurable interest in your vehicle. In that case you would have to put them on your vehicle as they are licensed drivers in your residence.
Dont try and get away with riding on your parents policy. If you do get in an accident and have to tell the insurance carrier that you want the payment mailed to a different address than the one listed on the policy, they will start to ask questions. Once they determine you were not telling the truth, theres a good chance they will notify underwriting and there could be problems.
Also policys are written specifically for the state you reside in and the insurance laws that govern them. You dont want Kansas law applying if you are living in Virginia.
March 11th, 2011 at 9:32 pm
I’m not sure lying is a good idea. The insurance company could use this as a means to deny a claim.