Car Insurance - (For 16 year-olds)

[buckbull]

My son had multiple speeding tickets and totaled a car. Was glad to get him off my insurance!!

 

[Keep on]

Both of my kids started driving the same summer. They each got a starter car paid by mom and dad and paid us what the insurance premium increased by for their share through part time work while in high school and college.

 

[blackbeard]

We paid cash and got my kid an 07 Jeep. Pay about $50 a month for insurance. Our agent warned us about it. Liability only.

 

[sigpros]

Funny thing is my boy is 18 and is driving a 2011 Lincoln mks and is looking at getting a new maverick for college. Called on insurance and our agent said it would be the same payment a month

 

[2rocky]

My 19 yo daughters premium is $289 per month (~$3500 per year) (liability only) after good student discount on a 2007 Toyota Camry. She did just win a full tuition and fees scholarship at the 4 year school she will be transferring to next fall, so I think I'll let it slide a couple years.

But I would like some feedback from folks on when they did transition the kids off onto their own car insurance policy...and what their phase in was.

 

[mevertsen]

My 19 yo daughters premium is $289 per month (~$3500 per year) (liability only) after good student discount on a 2007 Toyota Camry. She did just win a full tuition and fees scholarship at the 4 year school she will be transferring to next fall, so I think I'll let it slide a couple years.

But I would like some feedback from folks on when they did transition the kids off onto their own car insurance policy...and what their phase in was.

Sign title to kid.

They get their own insurance and register it on their own.

 

[mmazour]

Just put my 16yr old son in a 2014 F150....approx $1400/yr./ Have 17 yr old daughter in 2019 Honda CRV at about $1250/yr. State Farm $500 collision deductible. They are both sep policies for those vehicles with them as driver. They are also covered for our other three vehicles, but on this vehicle they are the primary. Before the daughter had the CRV, had her in my old 2003 Accord, with only liability and that was WAY cheaper....State Farm had a "Steer Clear" program that they did and that discount did a lot with multicar and home and no accident...

 

[2rocky]

Sign title to kid.

They get their own insurance and register it on their own.

Kid already has title.

 

[SAJ-99]

Sign title to kid.

They get their own insurance and register it on their own.

Would that make anything cheaper?

 

[Mallardsx2]

I didn't think a kid can get insurance by themselves until they were 18????

 

[mevertsen]

I didn't think a kid can get insurance by themselves until they were 18????

The person I quoted said their kid was 19

 

[mevertsen]

Would that make anything cheaper?

Tbe person asked about transitioning their kid off of their insurance. (Presumably after college)

Not making things cheaper.

 

[Nuts]

I had twins get drivers license and my other daughter 1 year later. I helped them purchase a car. They had to get their own insurance and maintain it. All 3 made it through high school and college paying for their own insurance. Best life lesson they learned. Early on there was some complaints but that went away. Now I am more concerned that they work like idiots. Lol. Same as me.

 

[Steiny77]

I went straight to work right out of high school and one of my first brilliant decisions was to buy a brand new 1979 Camaro. Insurance back then for an 18 year old ran about $120 per month which was terrible, but all my buddies were doing the same thing and we had cool cars. Got rid of that car after a few years and scaled back to a 6-8 year old Toyota pickup (paid cash) and reduced my expenses considerably.

 

[Bonasababy]

In the old days you could designate a piece of junk car to the kid and only insure them for that car but seems like more insurance companies won't let you do that anymore. Kid is insured to drive the $70k diesel truck, not just the $5k POS that they actually drive.

Adding our son added over $3k a year, closer to $4k.

Not my experience. Mine still looks to assign the most expensive person to the cheapest to insure car.

Two of our kids are still on our insurance as its cheaper for them that way but they pay us for it.

Is the OP in a state that has high rates?

Here homeowners has increased the most recently...too many climate change influenced storms and resulting damage claims.