{"id":5938,"date":"2018-11-13T03:40:17","date_gmt":"2018-11-13T11:40:17","guid":{"rendered":"https:\/\/www.liveviewgps.com\/blog\/?p=5938"},"modified":"2018-11-05T16:42:34","modified_gmt":"2018-11-06T00:42:34","slug":"teenager-insurance-policy","status":"publish","type":"post","link":"https:\/\/www.liveviewgps.com\/blog\/teenager-insurance-policy\/","title":{"rendered":"When to Take My Teenager Off My Insurance Policy"},"content":{"rendered":"

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If the idea of having a teen driver in the home is terrifying, the idea of having one on the roads with insufficient insurance is terrifying. However, there will come a time when every parent must consider whether it\u2019s in their best interests to continue including their teenager on their insurance policies. It may be sooner than you realize.<\/p>\n

Check State Laws<\/strong><\/p>\n

While no longer teenagers at this point, many states have laws requiring drivers aged 25 and older to purchase their own insurance policies<\/a><\/u>, according to I Drive Safely. At the very least, parents should consider removing children from their insurance policies once they have full-time jobs and are living on their own. This is despite the fact that nearly half of all college students expect their families to support them, financially<\/a><\/u>, for as much as two years beyond graduation.<\/p>\n

Below you will find other indications that now is a good time to consider leaving the responsibility of purchasing insurance in the hands of your teens or young adult children.<\/p>\n

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Why it Benefits Parents to Remove Teens from their Policies<\/strong><\/p>\n

Adding a teenager to your insurance policy is a big risk for parents \u2014 which is one reason it costs so much more to insure teen drivers. Not only are teen drivers inexperienced, but that places them at a greater risk for having accidents that cause:<\/p>\n