Will moving my car insurance to my parents' policy save me money

Yes, moving your car insurance to your parents' policy could save you money. According to Bankrate's analysis of rate data from Quadrant Information Services, car insurance rates tend to trend downward from ages 25 to 60. Generally speaking, the more years you have under your belt, the cheaper your car insurance will be. Additionally, insurance companies usually want every driver in a household to be listed on a car insurance policy, so if you've got your license and you live with your parents, you may need to be listed on their insurance policy.

You can stay on your parents' car insurance policy indefinitely as long as you're living with them. In fact, insurance companies usually want every driver in a household to be listed on a car insurance policy, so if you've got your license and you live with your parents, you may need to be listed on their insurance policy. You can also buy a car and use your parents' car insurance, and you may be able to get cheap car insurance under your parents' policy.

However, it's important to note that when you permanently move out and change your address or purchase your own vehicle, you'll need your own insurance policy. You can remain on your parents' car insurance policy as a listed driver if you and your spouse live with your parents and drive their vehicles. If you or your spouse owns a vehicle, you can decide to insure the vehicle on your own car insurance policy or on your parents' policy. All drivers that share the same permanent residence should be listed on each other's car insurance policy.

In summary, moving your car insurance to your parents' policy could save you money, and you can stay on their policy indefinitely as long as you're living with them. However, when you permanently move out and change your address or purchase your own vehicle, you'll need your own insurance policy.