Round about cost to add teenage driver

[cvjw]

Both our boys got their cars when they were 17. Both are good students, did driver's ed, did steer clear thru state farm. Both cars are put in our names for insurance purposes, with them as the designated drivers. Both got $1,000,000 in coverage. Both are accident free, as are us parents

One son got a 2014 Mazda 6. His insurance was $2400 per year. Has now dropped to $1600 per year, as he is almost 21.

Younger son got a 2016 Toyota Rav 4, and his insurance is $1800 per year.

 

[Krischaser]

My friend said if I have full coverage already on the cars and gave him permission to drive then he would be covered. Anything know anything about that?

 

[cvjw]

My friend said if I have full coverage already on the cars and gave him permission to drive then he would be covered. Anything know anything about that?

If you did this and your son caused an accident, I would not be sure that your insurance company would vigorously defend him in case of a lawsuit.

 

[aprilgail]

My friend said if I have full coverage already on the cars and gave him permission to drive then he would be covered. Anything know anything about that?

I have full coverage on my car (2016 Toyota camry) and when my daughter got her license I had to add her as a driver even though I never let her touch my car- they listed her as 10% driver and my insurance went up 550 a year. She is the sole driver of another car in the house but it is registered and insured to my mother who no longer drives. I went to her insurance company and they said as long as she is listed as a driver on my policy its no problem with her using the other car.

 

[Mrs. Bradbury]

My friend said if I have full coverage already on the cars and gave him permission to drive then he would be covered. Anything know anything about that?

In my case (previous post), they did cover the accident my son had, but gave me some major stink eye and then turned around and charged me $50 extra per month indefinitely to recoup their expense. So yes but NO. lol

 

[barkley]

My friend said if I have full coverage already on the cars and gave him permission to drive then he would be covered. Anything know anything about that?

in the state we live in the law requires that any licensed individual who operates a motor vehicle MUST be insured under a motor vehicle liability policy, be self insured or have proof of a liability bond. just having the car insured doesn't meet the legal standard-both the car AND driver must be insured.

the minute our dd became licensed she had to be added to our policy even if she wasn't going to drive one our cars (cheaper than getting her self insurance-and no way she could afford a liability bond).

 

[kymom99]

In my case (previous post), they did cover the accident my son had, but gave me some major stink eye and then turned around and charged me $50 extra per month indefinitely to recoup their expense. So yes but NO. lol

Does your son live with you? If so I think you have to have him listed on your policy or at least inform your insurance company.

 

[tvguy]

My friend said if I have full coverage already on the cars and gave him permission to drive then he would be covered. Anything know anything about that?

Probably varies from state to state. In California, if you give someone permission to drive your car, you are assuming the risk if they have an accident. Insurance follows the car, not the driver. So here, yes, he would be fully covered. But expect a rate hike or cancellation if he does something really stupid. Just like when you take your car to the shop to repair, that thing you sign says they are operating your car AT YOUR RISK. So if the mechanic runs your car into a pole on a test drive, it's your problem, HOWEVER, any reputable shop is going to pay for the damage even though they have that release from you.

 

[Mrs. Bradbury]

Does your son live with you? If so I think you have to have him listed on your policy or at least inform your insurance company.

He did live with me at the time, but I thought because he was covered on his dad's insurance (my ex-husband) that we had done what we were supposed to. Total ignorance on my part. He was my oldest and first to drive and I just didn't know insurance companies were so serious.

 

[MillauFr]

Probably varies from state to state. In California, if you give someone permission to drive your car, you are assuming the risk if they have an accident. Insurance follows the car, not the driver. So here, yes, he would be fully covered. But expect a rate hike or cancellation if he does something really stupid. Just like when you take your car to the shop to repair, that thing you sign says they are operating your car AT YOUR RISK. So if the mechanic runs your car into a pole on a test drive, it's your problem, HOWEVER, any reputable shop is going to pay for the damage even though they have that release from you.

I don't understand this. I though the drivers are insured not the cars. I don't have collision or comprehensive. Just liability on me, my wife, and daughter. So how can my car be covered?

 

[tvguy]

I don't understand this. I though the drivers are insured not the cars. I don't have collision or comprehensive. Just liability on me, my wife, and daughter. So how can my car be covered?

Nope. Cars are insured.
https://www.esurance.com/info/car/does-car-insurance-follow-the-driver

 

[kymom99]

He did live with me at the time, but I thought because he was covered on his dad's insurance (my ex-husband) that we had done what we were supposed to. Total ignorance on my part. He was my oldest and first to drive and I just didn't know insurance companies were so serious.

I'm not sure I would have thought of that either

 

[Anthony1971]

If a person lives in your house and drives your vehicles he/she has to be insured even if they are at college their residence is your address.. The insurance company does not have to pay read the policy.. No one wants to pay $$$$ for insurance but the reality is simple if your child causes enough damage your insurance company may pursue not paying but more importantly you are responsible for the damage caused and can sued... My Father worked for an insurance company (a long time ago) Not only did he make us pay our own insurance, the insurance policy had to under our name... Not the nicest thing to do at the time but in reality it protects your families assets and as you get older and pay for a house you understand... Every boy wants to be a race car driver... in reality the chances are very low of a major accident but chances are also low at winning a lot of money on a lottery ticket only in this case this is not the lottery you want to win...

 

[twinmom2002]

Ugh. I have boy girl twins who are about to turn 15 and will start drivers ed and get their permits next month. Does anyone know if I have to add them to insurance when they get their permits or is it when they get their license? I'd much rather have rate without them for anothe year!

 

[descovy]

My friend said if I have full coverage already on the cars and gave him permission to drive then he would be covered. Anything know anything about that?

When I was a teen driver, I was "covered" possibly like your friend is talking about. My dad had an umbrella policy, because he owned a business and had about 5-7 private vehicles at any given time. (like old farm trucks)

So I really was covered under his umbrella policy. However, I did get in a fender bender at 17, and that caused him to buy a separate policy for me.

 

[Vijoge]

Does your son live with you? If so I think you have to have him listed on your policy or at least inform your insurance company.

We have insurance with State Farm and we have to insure any licensed driver who lives in our home unless they have their own insurance. Cost to insure my granddaughter is about $650 a year as she's listed as an occasional driver as we only have one car.

 

[kymom99]

Ugh. I have boy girl twins who are about to turn 15 and will start drivers ed and get their permits next month. Does anyone know if I have to add them to insurance when they get their permits or is it when they get their license? I'd much rather have rate without them for anothe year!

In my state you do not. I called the insurance company and asked if I needed to add my son while he had his learners permit. I was told I did not until he had an actual license.

 

[aprilgail]

If a person lives in your house and drives your vehicles he/she has to be insured even if they are at college their residence is your address.. The insurance company does not have to pay read the policy.. No one wants to pay $$$$ for insurance but the reality is simple if your child causes enough damage your insurance company may pursue not paying but more importantly you are responsible for the damage caused and can sued... My Father worked for an insurance company (a long time ago) Not only did he make us pay our own insurance, the insurance policy had to under our name... Not the nicest thing to do at the time but in reality it protects your families assets and as you get older and pay for a house you understand... Every boy wants to be a race car driver... in reality the chances are very low of a major accident but chances are also low at winning a lot of money on a lottery ticket only in this case this is not the lottery you want to win...

My insurance company told me that if my daughter goes to a college more than 100 miles from home that they take them off the insurance during each semester and put them back on between semesters and for the summer. They said you don't pay if they are 100 miles from home at college.

 

[calablovedisney]

I am in Western MA and pay $1200/year for my dd and that is with a good student discount. Going to have another one driving in year, not looking forward to carrying both!

 

[Krischaser]

Ok bumping this up so I can read again and get advice again. So my quote was 149.00 a month with all the discounts on a 2002 Chevy truck full coverage (what we have now). If we drop collision and comp it will be 97.00 a month. But what does that mean if we drop those. Our truck is in good shape with only 83,000 miles on it. Any advice would be great. Is this quote too high? Thanks!