Teen Auto Insurance in Alaska
Reader’s Question:
We decided to have a separate insurance for our teenage daughter once we buy her a car. Can we take her out already on our auto insurance policy here in Alaska? If she still uses our car and crashes it, will the insurer pay?
Adriel
Anchorage, AK
Once you have bought a new car and insurance for your daughter, it would still be a tough decision to make whether or not to exclude her on your auto insurance policy in Alaska if she is still using your car. You could opt to exclude her already in your auto insurance policy as you can decrease your premiums by doing this. This is going to be through a “named exclusion,” which means that your daughter will be excluded from protection under your auto insurance policy. However, doing this exclusion would require your daughter to have her own car and her own auto insurance policy.
Your daughter’s own car and auto insurance policy may not be a problem since you are already planning to do this. However, the problem may arise if your daughter still uses your car and gets into an accident. If she is already excluded in your auto insurance policy, your insurance company will not pay for any damages and injuries because she is an excluded driver. You may very well consult an insurance agent about this and check if it is allowed to have a named exclusion in your state.
Do You Want Cheaper Auto Insurance Rates in Alaska?
Reader’s Question:
I haven’t paid too much attention on our auto insurance until now because we’d want to save as much as we could. In what ways do you think I can be able to have cheaper auto insurance here in Alaska?
Laken
Anchorage, AK
The first thing that you could to do have cheaper premiums on your auto insurance in Alaska is to review your policy. After that, you may speak with an insurance agent regarding the deductibles on your policy and coverage choices on each kind of required coverage. The most important ones include basic, collision and comprehensive coverage and of course, uninsured motorist coverage would cost extra. You may ask your agent or the auto insurance company itself for different quotes with specific groupings of coverage as well as deductibles.
You may also reduce your basic insurance coverage to the least amount that you feel secure with. In the state of Alaska, the minimum amount would be $50,000 per person and $100,000 per accident, which would be the payment the insurance provider would cover for every injured individual, and its overall cost. At times, this involves medical expenditures that, again, would have additional cost. You may opt to lessen your property damage coverage as well to the least amount required. Lastly, get as high deductibles as you can for comprehensive and collision coverage and observe the amount that you can save. Say, a deductible of $1000 would save you over $20 each month against a deductible of $500, it more likely wiser to get higher deductible.