Auto insurance dilemma for a minor

[jyoutz]

A minor is only allowed to work xx hours. Have to be an adult to have a vehicle titled in your name here. ''Land of the free'' ya know >> LOL

A minor isn’t free until the age of adulthood.

 

[kenmac]

A minor isn’t free until the age of adulthood.

It's my understanding , age of majority is different in every state ? its 19 here

 

[jyoutz]

It's my understanding , age of majority is different in every state ?

I’m not sure about this

 

[kenmac]

I’m not sure about this

19 in Alabama, Your state may differ IDK

 

[jyoutz]

19 in Alabama, Your state may differ IDK

18 in mine, but 21 to buy alcohol

 

[kenmac]

In either case, your uninsured/underinsured motorist provision in the insurance policy should cover medical for passengers in the event that the at fault driver didn’t have sufficient insurance.

I guess that would depend on the level of coverage selected. A broken neck would cost a lot of money. Some people have low limits of uninsured/ underinsured coverage.
Here, you can waive that coverage if you want. I have seen some with only a 25K limit. That isn't going to cover very much

When my sons begin to drive, I had the highest limits I could buy, and also had a umbrella policy, because those vehicles were titled in my name and the insurance was in my name

 

[kenmac]

18 in mine, but 21 to buy alcohol

21 here to buy alcohol and tobacco products too !

 

[paulsharvey]

For the IRS your dependent deduction drops at 17. You can't buy tobacco or alcohol till 21, 18 you are an adult on most things, but health insurance (as well as parents counting against college aid) is what 26. Most states you can get married well below 18, with permission (and or other special circumstances), and at that point, from a financial aid standing, they are independent.

It's kinda screwy, pick a dang number, if it's 18, it should 18 for all aspects, if it's 19/20/21, make that the number...

My oldest is going to be 19 here in March, and the bank still says he can't have a full fledged adult account till 24? He's grown, and there should be no need to have an affiliate adult on his bank account

 

[jyoutz]

I guess that would depend on the level of coverage selected. A broken neck would cost a lot of money. Some people have low limits of uninsured/ underinsured coverage.
Here, you can waive that coverage if you want. I have seen some with only a 25K limit. That isn't going to cover very much

When my sons begin to drive, I had the highest limits I could buy, and also had a umbrella policy, because those vehicles were titled in my name and the insurance was in my name

Smart decision.

 

[kenmac]

Smart decision.

Only makes sense...I had (and still do) have too much to lose without it Hit someone, and total an expensive car and or seriously injure someone, and if you don't have enough coverage, you're SOL !