Month: July 2025

It’s common for insurance companies in Falcon, CO to list everyone in the household as either a driver or an excluded driver on car insurance policies. If you have roommates, there are a few key points to consider regarding how they may impact your insurance policy.

Excluded Drivers

Many insurance companies require you to list every person in your household on your insurance policy. However, you may be able to exclude specific drivers who do not drive your car regularly. It’s essential to consult with providers like Pikes Peak Insurance Agency to determine whether this is a requirement and if any exclusions are permitted.

Regular Drivers

You are required to list all regular drivers on your insurance policy. This includes anyone who drives your vehicle more than once a month.

If you fail to list a regular driver, the insurance company may charge you for the additional premiums you would have owed or even cancel your coverage. In the event of an accident, many insurers will deny claims if all regular drivers were not disclosed on the policy.

Pros vs. Cons

Adding a roommate to your policy has its advantages. Sharing a policy is often cheaper than maintaining two separate policies, and splitting the bill can result in a more affordable monthly premium for you.

Your roommate may also qualify for discounts that you don’t, such as those based on a cleaner driving record or age. This could help you save money in the long term.

However, there are potential downsides. If your roommate gets into an accident, it could negatively impact your insurance policy and raise your premium, even if you weren’t involved in the incident.

Professional agents at Pikes Peak Insurance Agency can help you understand how adding a roommate may affect your policy. Contact us today to learn more. We proudly serve the Falcon, CO area.