Home › Forums › Money & Finance › Warning Regarding Auto Insurance and Children › Reply To: Warning Regarding Auto Insurance and Children
February 11, 2013 6:30 pm at 6:30 pm
#998486
zecharya
Member
I heard from an insurance broker that if you don’t put them on your policy when they’re young, then later on when they take out their own policies, they will be put into the “assigned risk” and pay much higher premiums. The reason is that they’ve never established their own driving records.
So perhaps it’s better to bite the bullet now and pay the higher premium now than to put your child into an undesirable position in the future.