At what age can minors purchase insurance?

In Georgia, the legal age for a minor to enter into a binding contract, including purchasing insurance, is typically 18 years old. However, minors who are at least 15 years old have the ability to apply for certain types of insurance with parental consent, which can occasionally lead to confusion about their purchasing capabilities.

The age of 15 is notable because at this age, minors are often allowed to engage in various legal contracts with parental or guardian consent, including applying for life insurance policies, but they may not have the full legal capacity to independently purchase insurance without some level of adult oversight.

This understanding of the law emphasizes the importance of parental involvement in decisions made by minors. Although 15-year-olds can typically express interest and begin the process, the finalization of such contracts often requires adult consent, aligning more closely with legal principles in Georgia regarding contract age and capacity.

On the other hand, those answers representing ages above or below 15 either don't align with the statutory law regarding minors' capacities or misinterpret the general practice surrounding insurance purchases for minors.