College is one of the best times in the life of a young adult. For the parents such as yourself, it can also be equally exciting. This is when your child forms how he or she will be as a member of the community and what kind of future they will have. But back to the present, how about your car insurance? Should you keep them on or remove them from it? We’re here to help you answer these questions.
If you are certain that they will not be driving, take them off the policy
Having young adults who are tagged as risky drivers added on to your insurance policy, greatly affects your premium rates. So what should you do if your young one goes off to college? First off, discuss with them and try to find out if they will have access to a car or not. If they wouldn’t be driving at all, you can take them off of it. Once you do this, you must let them know so that they won’t get behind the wheel.
Keep them on if they will be driving back home or on-campus
Of course, if they have their own car on-campus or perhaps their friend will have a car there, keep them on. Also, if they plan on driving during the holidays when they are back home, it’s in your best interest to keep them on your auto insurance policy. Just remember if you have opted to remove them, they will not be covered by your policy whenever they are back home, and they drive.
What will be the benefits if you keep them on?
As we have mentioned, keeping them on will mean that they will still have coverage and will have no worries when driving back home. Indeed, they will be back home sooner or later, and better to have them covered while driving. Also, while on-campus, they will be covered when driving a friend’s car or if he or she needed to drive due to an emergency.
