{"id":1960,"date":"2012-05-15T11:32:48","date_gmt":"2012-05-15T15:32:48","guid":{"rendered":"http:\/\/www.noyeshallallen.com\/?p=1960"},"modified":"2017-11-09T08:51:39","modified_gmt":"2017-11-09T14:51:39","slug":"should-you-stay-on-your-parents-car-insurance","status":"publish","type":"post","link":"https:\/\/www.noyeshallallen.com\/blog\/should-you-stay-on-your-parents-car-insurance\/","title":{"rendered":"Should You Stay on Your Parents Car Insurance?"},"content":{"rendered":"<p><a href=\"http:\/\/www.noyeshallallen.com\/wp-content\/uploads\/2012\/05\/gradphotosmall.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-1956\" style=\"border-image: initial; border-width: 2px; border-color: black; border-style: solid; margin: 10px;\" title=\"gradphotosmall\" alt=\"graduation\" src=\"https:\/\/www.noyeshallallen.com\/wp-content\/uploads\/2012\/05\/gradphotosmall-300x225.jpg\" width=\"240\" height=\"180\" \/><\/a>Congratulations, college graduate! You survived finals, senior week, graduation, and made it through the lunch afterwards without looking half as bad as you felt. Now, reality sets in. \u00a0In today&#8217;s economy, reality might involve swallowing your pride and moving back in with your parents until you can afford another option.<\/p>\n<p>Here are some common questions recent college grads refer to our Greater<a title=\"Noyes Hall &amp; Allen Insurance | South Portland Maine | Independent and Committed to You\" href=\"http:\/\/www.noyeshallallen.com\">\u00a0Portland Maine Insurance Agency<\/a>. If you live in another state, this advice may or may not be accurate for you.<\/p>\n<h4>Am I Covered Under my Parents&#8217; Car Insurance?<\/h4>\n<p>If they own the vehicle, and it&#8217;s listed on their policy, anyone they allow to use it is piggybacking on their insurance. Even if you have your own car and insurance policy, the vehicle owner&#8217;s coverage is primary.<\/p>\n<h4>Should I Stay on My Parents&#8217; Policy?<\/h4>\n<p>You should stay on your parents&#8217; \u00a0policy as long as:<\/p>\n<ul>\n<li>Their home is your legal address, AND<\/li>\n<li>You don&#8217;t have your own vehicle or insurance, AND<\/li>\n<li>You live at home &#8211; at least part of the time.<\/li>\n<\/ul>\n<p>Your parents have done a lot to help you over the years. Keeping you on their insurance is one more. \u00a0It doesn&#8217;t benefit them &#8211; in fact, it will probably cost them money. But it&#8217;s an important thing for you.<\/p>\n<p>Being listed on your policy protects you at 3 Critical Times.<\/p>\n<p><strong>When You Drive Someone Else&#8217;s Vehicle.<\/strong><\/p>\n<p>Listing you on your parents&#8217; policy reinforces that you are part of their household, and therefore an &#8220;insured&#8221;. Unless you&#8217;re an &#8220;insured&#8221;, you only have coverage when they&#8217;re driving THEIR vehicles, not anyone else&#8217;s. If you are an &#8220;insured&#8221;, your parents&#8217; liability limits extend to you when you are driving a friend&#8217;s vehicle. Your friends probably have a lot less liability insurance than your parents. That could be important if you have an accident. You already have enough debt from college loans; you don&#8217;t need a judgment from a lawsuit on top of that.<\/p>\n<p><strong>When You&#8217;re Not in Your Parents&#8217; Vehicle<\/strong><\/p>\n<p>As long as you&#8217;re an \u00a0&#8220;insured&#8221; (see #1 above), you&#8217;re eligible for their Medical Payments coverage. This covers you when you&#8217;re a passenger in another vehicle, or a pedestrian. Even more important, you&#8217;re covered by their Uninsured\/UnderInsured Motorist coverage. For example, if you are injured in someone else&#8217;s car when it&#8217;s hit by someone with little or no insurance, your parents&#8217; auto insurance will pay for your medical expenses.<\/p>\n<p><strong>When You Buy Your Own Insurance<\/strong><\/p>\n<p>When you do buy your first insurance policy, you will pay lower rates if you can prove that you&#8217;ve had continuious insurance. Insurance companies charge much higher rates to drivers who can&#8217;t show proof of prior insurance. A copy of your parents&#8217; policy showing you as a listed driver is considered proof of prior insurance.<\/p>\n<h4>When Should You Get Your Own Insurance?<\/h4>\n<p>This varies from family to family. Because you might move in and out of the house; with or without a vehicle; to your own place or in with someone else; it&#8217;s best to talk to your insurance agent. They can advise you when it&#8217;s time to get your own auto insurance.<\/p>\n<p>If you have questions, or would like a\u00a0<a title=\"Request  Maine Auto Insurance Quotes from 5 Companies in 10 Minutes\" href=\"https:\/\/secure.consumerratequotes.com\/consumer\/QuoteStart.aspx?id=41202\" target=\"_blank\">Maine auto insurance quote<\/a>, contact a\u00a0<a title=\"Our Team | Noyes Hall &amp; Allen Insurance | South Portland Maine\" href=\"http:\/\/www.noyeshallallen.com\/about\/our-team\/\">Noyes Hall &amp; Allen agent<\/a>\u00a0at 207-799-5541. We are a Trusted Choice\u00a0<a title=\"Our Partner Companies | Noyes Hall &amp; Allen Insurance | South Portland Maine\" href=\"http:\/\/www.noyeshallallen.com\/about\/our-partner-companies\/\">Independent Agency representing many insurance companies<\/a>. This allows us to combine the power of choice with personalized professional advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Congratulations, college graduate! You survived finals, senior week, graduation, and made it through the lunch afterwards without looking half as bad as you felt. Now, reality sets in. \u00a0In today&#8217;s economy, reality might involve swallowing your pride and moving back in with your parents until you can afford another option. Here are some common questions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,14],"tags":[23,36],"class_list":["post-1960","post","type-post","status-publish","format-standard","hentry","category-car-insurance","category-personal-insurance","tag-family","tag-saving-money"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/1960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/comments?post=1960"}],"version-history":[{"count":1,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/1960\/revisions"}],"predecessor-version":[{"id":4695,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/1960\/revisions\/4695"}],"wp:attachment":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/media?parent=1960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/categories?post=1960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/tags?post=1960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}