Family Auto Insurance Plans

Insurance companies love to insure many people at the same time. Getting the business of a whole family can be a financial win for them. Therefore, most auto insurance providers will provide customers with discounted policies, also known as "family plans." Typically insurance companies require the drivers on this type of policy to live in the same residence in order to qualify. Often times insurance companies will make exceptions while children are still in school. Individual companies may expand or limit the people allowed to be on a family plan policy, however the most common family plans will cover:

• Parents
• In-laws
• Aunts
• Uncles
• Children
• Step-children
• Other family members

There will be one main policy holder. Typically the person paying the bills. They will be allowed to alter who is listed on the policy. Just like in individual plans, the cost of an auto insurance plan will be determined by examining that the following of each driver.

• Type of Car
• Deductible
• Coverage
• Driving record
• Age of drivers
• Location of drivers

Companies that offer family auto insurance plans will place different priorities on different factors, therefore the prices of family plans may vary by hundreds of dollars. If a family member drives an extremely expensive vehicle, has a criminal or bad driving record, or can't afford to have a high deducible, the family may want to consider putting them on another policy. It may be less expensive than having it change the price of the family's policy.

Most of the larger insurance providers offer more than just car insurance. If they have life or home insurance, they may give customers savings if they these to their auto insurance policy. Speaking to multiple insurance companies about a family plan may result in a wide variety of quotes. Finding the best deal may take time, but in the long run may save thousands of dollars.