How do you get a auto insurance savings by being on your parents policy?

Question

How do you get a auto insurance savings by being on your parents policy?

Answer 1

There are lots of people having the same question like you and yours is just another one. Basically speaking about car insurance<!--Car insurance is the most widely purchased type of insurance coverage. Car insurance is designed to protect you, your family, and your automobile. You may get your query answered here,

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Cheap car insurance is a popular avenue these days, but you should be sure that you're getting all of the coverage you need, as damage to your car or another-->person's car may cost you money out-of-pocket if you don't have sufficient coverage and your car insurance rate may go up.

Answer 2

Well, you can't, unless "your" car is titled to your parents' names.

Generally, assuming you're a kid, the reason it's cheaper is because you get a multi-car discount, and the homeowners companion credit.  And because their credit score is higher than yours.

Answer 3

It is because the risk is divided into many. Individual policies do not receive multicar, longevity [(the more years with a company the higher the discount) some companies will count the years you were insured with them on your new policy when you split off parents] and most often multiple lines (Home, Auto and Umbrellas with one company) discounts. So,right off the bat you miss all these discounts. Often the auto can also be titled to the parents with you as just another driver in the household.

When titled in the childs name he will become the primary driver of the titled vehicle and new drivers always start out at a higher rate. That just makes sense. Hope that helps a little and be advised each state may have different criteria and laws that will guide the rates. Drive safe!