Reader’s Question:

Do I need to rush to get my teenage daughter her Michigan car insurance as soon as her permit and car are ready?

Candice

Detroit, MI

Yes.

Do not procrastinate just so you can save a few dollars. If you delay and your teenage daughter gets involved in a car accident, your insurance company generally will cover it, but can retroactively charge the higher premium, or worse revoke your coverage. Also, never carry less coverage on a teenager who happens to be a higher-risk driver, or you will be forced to cover the damages from you own pocket.