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Will your parents' insurance premiums go up if you get your permit? |
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Answer
It probably depends on several things, mostly the insurance carrier and the state you live in. When my older son got his permit (in 2000, in NJ), our rates with State Farm did go up. When my younger son got his permit (in 2004, also in NJ) our rates with AIG did NOT go up.
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IT stands to reason that an additional potential driver in the family (YOU) will result in an increase in the annual rate charged. AS you are a brand new driver, with no experience at all , they will rate you as a high risk driver, at least for the first few years of your driving record.
First answer by ID1191207695. Last edit by Buntingj. Contributor trust: 770 [recommend contributor]. Question popularity: 48 [recommend question]
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