When you secure auto insurance, one of the things that you need to do is name additional drivers on your policy. But who exactly do you need to list and how does naming these drivers affect your premiums? Here's what you need to know.
Generally, anyone living under your roof should be listed on your auto insurance policy. While these people might not drive your car regularly, they might have to depending on the circumstances. So, all licensed drivers, including teens, elderly adults, roommates, and significant others, should be listed on your insurance policy.
Adding a new driver to your auto insurance policy may cause your premiums to increase. For instance, newly licensed drivers are considered risky to insure and adding these drivers to your policy will increase your rates. Additionally, adding someone with a history of bad or irresponsible driving can also cause your insurance rates to increase. If you are worried about this rate increase, then you do have an option. You can choose to list the high-risk driver as an excluded driver. This means that the individual is not permitted to drive your car under any circumstances. If the excluded driver does get into an accident while operating your vehicle, then your insurance provider will refuse coverage for the incident.
If you are lending your car to someone who lives outside of your household, such as a neighbor or friend, then you do not need to list these individuals on your insurance policy. In this case, your existing coverage will automatically extend to anyone borrowing your car, so long as you have given them explicit permission to do so.
This is who you need to list on your auto insurance. Do you have additional questions regarding your car coverage? If so, then contact the experts at the Scavone Insurance Agency Center LLC in White Plains, New York today.
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