Technically it’s an endorsement on your auto insurance policy that states a specific driver (by name of course) that has access to your insured vehicle will NOT be authorized to drive the vehicle as long as the vehicle remains covered under the current policy.
Why Would I Want A Named Driver Exclusion?
It’s likely that no one really “wants” a named driver exclusion on their auto insurance policy because you never really know if you need that excluded driver to drive the vehicle for some reason. However, the reality is that poor or inexperienced drivers are very expensive to insure and the choice ultimately is up to you on whether you want to pay the extra premium to keep the specific driver insured or list them as a named driver on your policy.
How To File A Named Driver Exclusion
Depending on how you get your insurance there are a few ways. If you call an insurance company they will go over your options, and as usual ask you all of the necessary questions. Many major insurance companies tend to keep VERY good records of drivers that have applied throughout the years. If for instance, one of these drivers is in your household and they are considered or have previously been labeled as a high risk driver, your insurance agent will give you the two options stated above based on information they have – keep the high risk driver on your policy and pay a premium for this, or add their name as a non-driver of the vehicle.
If you’re dealing with an agent in person they will take the same steps, but you will be required to of course sign a statement declaring the named driver cannot operate the insured automobile.
Your Teen and the Named Driver Exclusion
You want your kid to drive and they of course cannot wait to drive, but having them on your policy can often be very expensive whether or not they have a bad driving record. Since you only have two options for your auto policy what can you do? Well. A lot of people are in this situation especially when insuring drivers under the age of 25, and although it’s still an expensive proposition you can give your teen the choice to get their own separate auto insurance policy.
Keep in mind named driver exclusions are strictly enforced by insurance companies. It is in your best interest to talk to a licensed insurance agent about your options and make sure you design an auto insurance policy that fits your needs.