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Insurance help please

Old 02-06-2005, 10:49 AM
  #1  
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Default Insurance help please

I have question for the Insurance savvy. My 2 daughters got their learners permit to start driving on 2-5. Do I have to add them to my policy now or are they covered on my existing policy until they get their License? I hear both sides of the story at work. Some add them and some dont. I know 35 years ago, I did not need to go on my Dad's insurance until I got my license. I called my agent a few weeks ago and was told 900.00$ for permit insurance for 6 months, kinda steep I thought, and just wondered if anyone knew the facts.
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Old 02-06-2005, 11:03 AM
  #2  
CJS
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Default RE: Insurance help please

I just went thru the same routine in MA. No
insurance required until she gets her licence here, but it may
be different in PA. Also, it may vary fron company to company.
$900 seems steep to me, too. Mine has her licence now
and her ins. is $1200/ year with no collision or comp.
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Old 02-06-2005, 12:12 PM
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Default RE: Insurance help please

Not sure about PA but in NC the law is not specific as to when to add them but is very specific as to how long they can charge the youthful rates. Most companies add them when they get their license. You have coverage either way. NC surcharges for two years, then there is a reduced surcharge for another year. Not sure about Pa.

Be careful on two things. One, (Lets assume that Pa. is two years) If they add them at 15 1/2 they have to reduce the rates at 17 1/2. Its driving experience, not age. Two, if they add them in the middle of a policy period they have to reduce the rates two years later, in the middle of the policy period. Some companies will want to wait until the policy renews. Pa law may also state that the rates are reduced after being "licensed" for two years. If that's the case don't add them until they actually get their license.

Now to the important thing. Sit them down and tell them that some insurance guy from NC said that there is a reason their rates are high. Tell them to pay attention, slow down, and stay off the damned cell phone. One in four is going to have some type of accident. I have just seen too many tragedies.


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Old 02-06-2005, 04:53 PM
  #4  
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Default RE: Insurance help please

Shorty, I got your PM and couldn't reply. I cleared out all my PM's but still no go. To answer your question NC is a Rate Bureau state that sets rates, rules, etc. I am not sure how PA works. I personally am with Erie and they are also one of our lead companies. You are right, they don't like young drivers but will usually write them if they have had the parents.
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