In all, an automobile insurance policy will have the names drivers as those that are going to be authorized to drive the car. Many policies only contain one named driver, however, if you have a household with other adults that can drive, you might want to consider placing them on as well.
Just as anything, named drivers on the policy have their good points and they have the bad points. Having named drivers ensures that your car will only be driven by the listed individuals; if not, they do not have your consent to drive. Having multiple drivers on a policy also allows for a flexible situation. It works very well for families.
The major downside of named drivers on an insurance policy is the extra cost that is brought about when placing them on. The insurance company sees them as a greater liability for a few reasons. The main reason is that you have just increased your chances of an accident with multiple drivers. Also, they are not as experienced or familiar with your car usually. Other factors that might raise this amount are the age of the driver and the experience of the driver. New drivers have very high rates.
If there is a point in time where someone will be driving your car for a lengthened period of time, you may want to consider adding them on as a temporary named driver. It is known that some insurance policies do not have this feature, so make sure yours does before you decide to sign on the line. This usually comes in great handy for family trips, someone?s car breaking down and seasonal visitors.
It is always good to keep in mind that you are going to be responsible for the damages to your car or anyone else car if a person were to get into an accident in your car without being listed as a named driver on your policy. Moreover, you will also be responsible for any bodily harm that might be incurred because of the accident. These are all things to keep in mind; this is why insurance was created.
Taking steps to legally minimize costs associated with adding drivers on instead of letting them illegally drive your car is seem through joint policies. In other words, if a newer or younger driver is looking to get car insurance, they can opt to go onto their parent?s insurance policy. This is a common way parents lower premiums. It is also becoming largely recognized by insurance companies as well.
Another option is just the opposite. The parents can be on the new driver?s policy. Any way you have it, it still saves money because there are responsible and proven good drivers on the record. This, in turn, eliminates some risk for the insurance company from their perspective.
In all, it is very important that you take the time to shop around for insurance and carefully consider who you are going to be listing as a named driver. This is one area that deserves great attention because the consequences of not insuring properly can be disastrous.
Just as anything, named drivers on the policy have their good points and they have the bad points. Having named drivers ensures that your car will only be driven by the listed individuals; if not, they do not have your consent to drive. Having multiple drivers on a policy also allows for a flexible situation. It works very well for families.
The major downside of named drivers on an insurance policy is the extra cost that is brought about when placing them on. The insurance company sees them as a greater liability for a few reasons. The main reason is that you have just increased your chances of an accident with multiple drivers. Also, they are not as experienced or familiar with your car usually. Other factors that might raise this amount are the age of the driver and the experience of the driver. New drivers have very high rates.
If there is a point in time where someone will be driving your car for a lengthened period of time, you may want to consider adding them on as a temporary named driver. It is known that some insurance policies do not have this feature, so make sure yours does before you decide to sign on the line. This usually comes in great handy for family trips, someone?s car breaking down and seasonal visitors.
It is always good to keep in mind that you are going to be responsible for the damages to your car or anyone else car if a person were to get into an accident in your car without being listed as a named driver on your policy. Moreover, you will also be responsible for any bodily harm that might be incurred because of the accident. These are all things to keep in mind; this is why insurance was created.
Taking steps to legally minimize costs associated with adding drivers on instead of letting them illegally drive your car is seem through joint policies. In other words, if a newer or younger driver is looking to get car insurance, they can opt to go onto their parent?s insurance policy. This is a common way parents lower premiums. It is also becoming largely recognized by insurance companies as well.
Another option is just the opposite. The parents can be on the new driver?s policy. Any way you have it, it still saves money because there are responsible and proven good drivers on the record. This, in turn, eliminates some risk for the insurance company from their perspective.
In all, it is very important that you take the time to shop around for insurance and carefully consider who you are going to be listing as a named driver. This is one area that deserves great attention because the consequences of not insuring properly can be disastrous.
About the Author:
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal, which helps people save on their car insurance.
No comments:
Post a Comment