Reader’s Question:
I am 18 years old and currently under the coverage of my parent’s insurance policy. They want to move to Illinois but I will be staying in Appleton Wisconsin. My question is, is it possible for me to stay on their insurance but to not live in the same household as them? I own my car and can’t afford to have my own insurance as of now.
Patrick
Appleton, WI
Once your parents move out of state and you chose to stay, it is not likely that your parents will be able to continue to have you and your car on their insurance policy. A problem may arise regarding the difference between Illinois’s insurance liability requirements to that of Wisconsin’s. Most insurance carriers will not cover a person and car that is not part of the insurer’s household. Most likely, an insurance company will not permit you or your car to be covered on your parent’s policy once they move, especially to another state since your car will not be garaged at the address of your parents.
Wisconsin has a financial responsibility law that applies to any motorist licensed to drive. Purchasing insurance for a vehicle is the easiest and most often used method of meeting the FR mandates. The minimum liability limits set by the state is 25/50/10; these numbers represent the allocations of an auto insurance coverage: $25,000 for one person in one accident injury or death; $50,000 for injury or death of 2 or more people in one incident; and $10,000 for property damage caused in one accident.
You will need to obtain your own car insurance policy for your motor vehicle if your parents move to Illinois and you remain in Wisconsin. You are likely to face expensive premium rates due to being an inexperience driver who is considered to be at a higher risk to road accidents. You can check ways to reduce the insurance premiums you will need to pay. One way is looking for discounts due to safety features on your car. Another way is by taking a driver improvement or safety course. Some insurers lower rates if you take courses from approved traffic schools. Also, if you’re in school and maintain good grades, some insurers give good student discounts.
Tags: Car insurance discounts, Student car insurance, teen insurance, Young driver car insurance