When your kids are under your roof, it is easy to know how to handle their auto insurance packages. My roof, my rules! Everyone is under the same umbrella. The policy may be a bit more expensive, but you can be sure of the benefits.
As your kids grow up, it may be a bit more difficult to structure the right kind of insurance. How do you protect your children when they go off to college or to the military? Will your company allow you to cover them in the same way as when they lived with you? Are there better options available? Let’s take a look at some best practices for insuring your kids’ cars when they grow up.
Will your kids be driving often?
Consider the environment that you are sending your child off to. If your child is joining the military, his or her schedule will likely be very regimented. You will not have to worry about your child driving unauthorized vehicles. The military may also take some of the responsibility off of your hands directly (make sure to ask about this). In this case, it may be ok to take your child off of the policy, but have a serious conversation with authorized parties before doing so.
However, if your child is going to a college campus in the middle of a sprawling urban or suburban landscape, he will have a lot more freedom. Your child needs to be covered for emergencies as well as unexpected events like driving a friend’s car or an uninsured car. You should definitely keep the policy in this case, and Brashears Insurance knows just how to cover all the bases.
What is your child’s driving record?
One of the most important reasons to keep a child on a consistent insurance policy is to help them gain a record of uninterrupted coverage when they become adults. This can help to reduce premiums when they finally get off of your plan.
In some cases, you may actually get discounts for keeping a child on a policy if that child is away from home. You may also get discounts for your student excelling academically (usually keeping a B average or better). Brashears Insurance has what is known as a “distant student discount” that can actually save you hundreds of dollars when your child goes off to college.
When you are ready to have a serious conversation about the future and safety of your children, give one of the dedicated experts at Brashears Insurance a call. We are ready to provide your entire family with the auto insurance protection that you all deserve.