auto insurance for the newly married couple Archives - Spencer Insurance Agency, Inc

Buying Auto Insurance When You Don’t Drive

If you don’t have a driver’s license, then you don’t need auto insurance. Seems reasonable – you wouldn’t buy a flight out of the country without your passport. However, you can buy insurance without a license, so the option exists. It must exist for some reason, right?

There are a couple reasons and they are actually more common than you might think. There are multiple scenarios where buying auto insurance as a non-driver is just as important as buying auto insurance when you drive every day.

Underage drivers are one common scenario where you may want to invest in insurance. Many states do not allow minors to enter into a contract. Insurance falls under the umbrella of “a contract.” However, many people under the age of 18 drive. For many people, this is not an issue since they just add their kids to their policy. Adults who don’t drive, but have children who do can effectively do the same thing. You may not drive, but buying an auto insurance policy will allow you to put your underage driver on your policy plus, there are ways for students to get discounts.

Another common scenario – especially for older individuals – is if you have a personal chauffeur. We’re not talking about some guy who drives you around in a limo or a Bentley, but someone who drives around senior citizens who can’t drive anymore, but still need to get from point A to point B. These seniors may not have licenses, but they still need to purchase insurance for their car and driver. Many insurance companies charge seniors more because they are seen as higher risk drivers, but for a senior who does not have a license, this is not a problem. They won’t be driving the car, so age doesn’t matter when writing up the policy. This works the same for those who have health issues that need a caregiver to drive them around.

Perhaps you are working on getting a license. Regardless of whether you have a license or a permit, you need insurance on your car. Adults with permits can get insurance on their car just as any license driver would be able to.

Finally, another scenario that comes up is for those who own a classic car. Classic car insurance exists and will cover that car in the same way that other specialty insurance policies cover boats and ATV’s. However, if you are tempted to have someone drive you around in your beauty of a car, you will want auto insurance there to protect your investment.

However, this doesn’t answer the question of how you get a policy without a driver’s license number. The workaround is pretty simple. If you are not driving, then you must have someone else who is and they have a driver’s license. If you list them as the primary driver, then you can get the policy using their license number.

Anyone with a license can be named your primary driver. It could be your spouse, your son or daughter, or even your friend. The license number corresponds to a driving record which is why you have to have a number. The agent needs to know how much of a risk they are taking by insuring a driver. You may also need to put yourself down as an excluded driver – your name is on the policy as someone who will not be covered when driving. Seeing as you don’t have a license, this shouldn’t be an issue. It is used to reinforce the message that you can’t drive without a license.

In any case, Spencer Insurance Agency can help you get the policy that meets your specific needs. Schedule an appointment today to learn about all of your options and find out which policy will work best for you. Give us a call at (215) 885-2200 or visit us online at https://spencerinsurance.com/.

Getting Married? Wedding Season is Coming!

(Charlie’s family at Laura’s wedding in November)

Here is an article I wrote for our website.  Last November my daughter was married and this July my son Brian is getting married.  So I gathered some information to help newly engaged couples plan for their big day.

If you know someone planning for a wedding pass this along to them.

Congratulations on your engagement!

What do I do now that I am engaged?

  • Insure your engagement ring
  • Plan your wedding ceremony and reception
    • Search the web for sites that help you plan your wedding. Ask people you know who were recently married how they planned their wedding.
    • Purchase Wedding Insurance – Most people don’t know you can insure a wedding. Check with Spencer Insurance Agency to get this valuable coverage for under $300. Reasons to insure your wedding. . .
      • Protects you from losing your deposit should the venue for your wedding go bankrupt.
      • Protects you from losing your deposits should you not have the wedding due to sickness, weather and other factors. Sorry, no coverage for “Cold Feet.”
      • Protect your wedding gifts from theft the day of the wedding.
      • Consider other reasons, the photographer goes bankrupt, your wedding dress is not delivered on time.
  • Review your finances with your future spouse and a financial planner
    • Discuss how you will handle your finances once you are married.
    • Discuss your current assets with each other and decide how to protect them.
    • Be aware of what you will need to do after your wedding day.
    • Spencer Insurance Agency works with many financial planners and can recommend one if necessary. We are not CPAs or lawyers and do not provide legal advice. We suggest you consult your accountant, financial planner, lawyer and other professionals as you take this big step.

What do I need to do after I get married?

  • If you are changing your name. . .
    • Check your documents and change your name on:
    • Social Security Card – You will need to do this first so you can change your name on other identification.
    • Driver’s License
    • Other Identification
  • Notify your employer
    • Change your Federal withholding status if necessary
    • Review your Group Health Coverage
    • Tell your creditors, utilities and other vendors of your name change
    • Discuss your name change with your doctor and see what needs to be done to have your spouse pick up a referral or prescription for you. You may need to sign a form.
  • Update your benefits and beneficiaries
    • Review all your life polices, group and individual
    • Check the beneficiaries listed on your retirement accounts
    • Since marriage is a life changing event, you may be able to make changes to your group benefits. Check with your HR department or employer.
  • Review your insurance policies to make sure you are getting all the discounts you are entitled to receive

Call Spencer Insurance Agency at 215-885-2200 for a no obligation Insurance Review. Make sure you have all your bases covered now that you are married.

Do you have any tips for newly engaged couples?

Comment below and let us know how your wedding plans are going!