Car Insurance For Teenagers
Reader’s Question:
Once my 16 year old teenager gets his license, can he drive my vehicle and does he needs to get an insurance right after getting his license? I need affordable car insurance for teenagers. Help!
Richmond
Wyoming
Thank you for asking Richmond.
The mandatory auto liability insurance in Wyoming law requires that an individual driving a motor vehicle must satisfy the state’s financial responsibility limits of 25/50/20.
According to the Wyoming financial responsibility law, liability policy means an owner’s or an operator’s policy of liability insurance, certified as proof of financial responsibility, and issued by an insurance carrier authorized to transact business in this state, to or for the benefit of the person named as insured.
It looks like, from the information above, anyone driving must have insurance on them as a driver. I would suggest that you check with the Wyoming Department of Transportation to get more information if this is correct according to Wyoming Motor Vehicle Statutes.
If your son is getting a license, since he is under 18, he will need an authorization from you. In this form you will have to sign and part of this may include keeping insurance coverage or being responsible for the young driver while he is driving so you may check it from the WY DOT exactly what the release form states.
Most insurance companies will require you to put on the list any household licensed drivers on your policy. So when your son gets his license you will need to notify your insurance company and they likely will require you add your son to the insurance policy. He is likely going to operate your vehicle so he needs to be insured.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
Goodluck!
MariCAR
