Would the basic liability put my costs under control ?

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PostPosted: Mon Dec 11, 2006 5:34 am   Post subject: Would the basic liability put my costs under control ?  

My son Gabriel is now 18 and he still stays within the same household. Of late, I had been thinking of buying a car for him. Since I already have higher liability limits on my other two vehicles, is it recommendable for me to get just the 10/20/10 basic limits for him ? Perhaps that would put my costs down a bit! What do you all suggest ? superbowl007

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PostPosted: Mon Dec 11, 2006 6:18 am   Post subject:   


I don't think its possible for you to actually choose lower liability limits on the car that you'd get him. It would be your insurer's right to offer underwriting norms, which might not allow you to set different liability limits for your personal vehicles. The rules that are set with you would be in place even if your son drives the car. Am I being clear ?

regards, Dr. Coleridge

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Dr. Coleridge

PostPosted: Mon Dec 11, 2006 7:46 am   Post subject: hi!  

hi superbowl007

So you are looking forward to reducing the cost of your son's insurance ?

Its better you beware of the kind of transportation you're gonna buy. He might even invite some 20% of collision insurance more simply by choosing a four wheel drive vehicle or say a high performing sports car. Therefore you'd need to make a note of possible costs of insuring other standard vehicles as well. Thanks, Fatman.

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PostPosted: Mon Dec 11, 2006 9:07 am   Post subject: Buy an older one!  


I think you should buy an older car for him right now. For that you won't even need to carry a collision coverage too! To add to it you won't have any loan on it. am I right ! Sasha T.

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