Morgan Insurance Services, serving the greater Tampa, FL area, is pleased to offer many insurance products, including auto insurance. One of the questions people often have about an existing insurance policy or one they are considering purchasing is what it means if the auto insurance policy has a restricted driver listed on it.
What Does It Mean If an Auto Insurance Policy Has a Restricted Driver Listed?
If an auto insurance policy has a restricted driver listed, it means that the auto insurance policy does not cover that driver. If the individual is operating your vehicle, they need their insurance policy. If they do not have their insurance policy and are involved in an accident, the car’s owner will be liable for the damages.
Why Would an Auto Insurance Policy Have a Restricted Driver?
It is common for an auto insurance company to see a list of licensed drivers living at one address. Suppose one driver has a suspended license, a restricted license, or a bad driving record. In that case, the insurance company may give you the option of listing that individual as a restricted driver or charging you quite a bit more to cover them on your policy. If they do not operate your vehicle, listing them as a restricted driver may be your best option for finding affordable insurance.
It is recommended that you shop around for a new auto insurance policy annually. As you shop around, you should compare policies and prices. This is one of the best ways to find the right policy for your needs at a fair price. Morgan Insurance Services, serving the greater Tampa, FL region, would love to help if you are in the market for a new policy. Call us today to get started.