4. If my teen isn't on my insurance and crashes the car, is the damage covered?
Your car may be covered in the event your uninsured teen crashes it, but expect some ramifications. For starters, your rates could go up. An insurer may also decline to renew your coverage in the future if you hadn't originally reported your teenager as a driver.
But if your teen was specifically excluded from the policy, your insurer isn't obligated to pay anything -- meaning you could be financially responsible for fixing your damaged vehicle.
Pages in this slideshow:
- Top reader questions about insurance for teen drivers
- 1. When do I have to add my teen to my insurance -- when he or she gets a learner's permit, or a driver's license?
- 2. Can my insurance company force me to add my teen to my policy even though I don't allow him or her to drive yet?
- 3. Is it cheaper to put my teen on his or her own policy, or on the family policy?
- 4. If my teen isn't on my insurance and crashes the car, is the damage covered?
- 5. When do auto insurance rates for teens start to go down?
- 6. How can I minimize the insurance costs of a teen driver?
- 7. How much will my rates go up if my teen crashes or gets tickets?
- 8. Will the type of car my teen driver uses affect my premiums?