April 9, 2012
5 REASONS WHY YOUR TEEN DRIVER SHOULD NOT HAVE THEIR OWN AUTO POLICY
You’ve probably heard a friend, family member or neighbor talk about the value of separating an accident prone teen driver off onto their own auto policy. It’s a common problem and an even morecommon question that parents of newly licensed drivers ask. In general, we usually find the effect of this to be adverse. Here’s why: Credit – in many states (including Michigan) insurance carriers use your credit to develop what is called an insurance score. Your rates are often largely determined by this number. Younger drivers generally don’t have as solid of credit as their parents do. Worse credit … Continue reading