As individuals age, they may need to move in with family members. They may be unable to afford to live on their own, may be lonely living on their own, or may need help with daily activities and medical care. Moving in with their adult children can be beneficial in all of these regards. However, if you take one of your parents in, one of the questions you may have is whether you should add them to your auto insurance policy. At NY Twin Bridges Insurance Agency, serving Albany, NY, we want to help you determine when you should and shouldn’t add them. Here is some information you should consider. 

If They Will Be Driving Your Car

The most important factor to consider when deciding whether to add an elderly family member to your car insurance policy is whether they will be driving your car or not. If they have permission to drive your cars, you should add them to your auto insurance policy. If they will never be driving your car and do not drive at all, you do not need to add them. 

What Their Driving Record Is

Another important factor to consider before adding them is what their driving record is. If they have accidents or tickets, adding them to your policy may increase your rates. If they have a poor driving record, you may need to preclude them from your policy and not allow them to drive your cars to prevent your auto insurance rates from increasing. 

When an elderly family member moves in with you, trying to decide whether to add them to your auto insurance policy or not can be challenging. At NY Twin Bridges Insurance Agency, serving Albany, NY, we would love to help you figure it out. Contact us today and let’s sit down and discuss your auto insurance needs.