In many cases there would not be coverage for this. Most insurance companies require that all household members and/or drivers be disclosed on the policy. You should check with your agent or insurance company to determine if this loss would be covered.
When a young driver gets their permit or drivers license a call to the insurance company is required. We all agonize when it is time to insure our teenagers. Here are some helpful tips when you decide to insure your son.
Comparison shop for teen-driver prices. You can get some comparison prices for auto insurance quotes at CarInsurance.com by just putting in your zip code in the box above to get started.
While your getting your car insurance quote you may want to consider a higher deductible. Going from a $250 to $500 or $1,000 deductible can save you 10 percent to 20 percent on your premium. You'll want to decide whether you can absorb the out-of-pocket expense in the event of an accident.
Car choices are another way to keep your car insurance quote lower. If you're planning to purchase another car, think carefully about your choices. While your son or daughter may be begging for a new sports car, a safe and stodgy used car will be easier on your insurance rates. It's less likely to be stolen, and may do better in a crash test. Your premiums should reflect these differences. You'll probably want to keep the vehicle in your name.
If you don't decide to buy a new vehicle make sure you ask your insurer to assign your teen driver to just one of your cars. Try to pick the less expensive vehicle. This process is done on our site automatically and while purchasing we will ask which driver regularly drivers each vehicle on your policy. Some carriers do not assign certain cars to certain drivers; they assume anyone in the house can drive any of the cars. We help you with that process for the carriers that may offer these options. If your insurance carrier agrees to assign your teen to a specific car, you need to make sure they aware of the agreement. Your new driver should take only the car to which he or she is assigned, even in an emergency.
Comment Update: Insurance companies have to be aware of the risk they are covering in a contract. Therefore, full disclosure of all resident relatives is typically required in order to assign a rate to the risk they are covering. Whether it be a young driver, a driver with excessive tickets, or a driver with clean driving record. Insurance companies also ask for all drivers that may drive a vehicle frequently even if they aren't living in the household. The purpose of this is to make sure the company is receiving adequate premium to cover the risk.