!8 YEAR OLD SON ON MY INSURANCE

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PostPosted: Mon Apr 28, 2008 7:48 pm   Post subject: !8 YEAR OLD SON ON MY INSURANCE  

Hi I live in NH ,, MY husband , Myself and my 18 year old son share the same policy,, unfortunetly for my son , I have a 2001 mustang and hubby jut bought a new truck,, now there is no way my son is driving either of these vehicles,, he is driving his 2000 Ford Ranger,, What is the law in NH about having to have him insured on our vehicles,, can i ign a waiver for this , before i go to the insurance company and talk to them about the 3000 dollar insurance bill , i need to know what my options are. The truck he is driving is registered in my husband name . THanks Dawn


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PostPosted: Tue Apr 29, 2008 10:53 am   Post subject:   

Are you saying that your boy has his own vehicle (the ranger?) if so then you should only have to have him listed on this...most companies will require that he be rated on 'one' vehicle in the household (and most folks would chose the cheapest one of course)..once he is rated on the ranger then he should still be ok to drive the others in the event that became necessary....ask your agent, but I'm just sure he'll only have to be a named driver on 'his' car...



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Lori
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PostPosted: Tue Apr 29, 2008 5:30 pm   Post subject:   

Yeah he has his own truck , although registered in hubbys name ,,but they rate him on all 3 vehicles ,, which drives his insurance way up

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PostPosted: Tue Apr 29, 2008 8:29 pm   Post subject:   

DMK,



Are you sure that he's being rated on all three vehicles?



That would be a new one to me.



In many cases Lori is right and the company will allow him to be rated on the vehicle that he primarily operates, though some companies require that the highest rated driver (the youngest or with most violations) be rated on the highest rated vehicle on the policy. That would most likely be the mustang.



I've never heard of rating a driver on every vehicle on a policy but it's possible.



If that is the case or if they insist on rating him on the highest rated vehicle, ask for a quote for putting him and his Ranger on a separate policy and excluding him from coverage on you and your husband's vehicles. Only if you really mean it when you say he never drives your vehicles though a driver exclusion means no coverage at all for him on your vehicles.



What concerns me is the fact that you are here trying to find out your options BEFORE talking to your insurance agent. Why do you do business with an agent if you feel you will get more honest answers online?



Good agents really do exist to answer any question you have about your policy, coverage, billing etc.... if you don't have one, check around we are out there

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PostPosted: Tue Apr 29, 2008 9:02 pm   Post subject:   

I know carriers that rate the highest risk driver against the highest risk vehicle. It's done thing way as the high risk person has _access_ to that high risk vehicle so this is the worst case liability exposure. So the carrier is sure to collect the correct premium.



OP, as mentioned, you c n ask your carrier is they will allow a waiver to be signed on the 2 vehicles but this is really up to the carrier. Some states will mandate that liability coverage be provided even if their is a waiver so some carriers won't do it.

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PostPosted: Tue Apr 29, 2008 9:55 pm   Post subject:   

I am truthful when I say ,,, My son does not ever drive the Mustang ,, its been mine since day one,, and its stored every winter its 8 yrs old with 55,ooo, on it ,, as far as the new truck goes,, we bought that in aug,, and ,,it has barely 3000 on it as the fuel prices are ridiculous and we works from home. SO son only drives his ford ranger ,, i do have the intention of going to my insurance company ,, i dont work a full day on wed , and would prefer to go in person. But wanted to see what i could find out in advance , its my nature,, btw ,, I also hold, home insurance and motorcycle insurance the the same insurance broker, .

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PostPosted: Tue Apr 29, 2008 10:00 pm   Post subject:   

Do you lock the keys up to the Mustang? I was 18 before... Smile

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PostPosted: Tue Apr 29, 2008 11:40 pm   Post subject:   

You bet i do! and it has a sweet security system.

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PostPosted: Wed Apr 30, 2008 10:15 am   Post subject:   

Fishman gave you great advise..I too have never heard of an individual having to be rated on all vehicles in a household...I don't know squat about NH either though! Shocked If you really want to check things out prior to visiting with your agent..your state has a website for their Dept of Ins. check it out, see if the info is there if not there should be a consumer advocate that you can call and just pose the question to....do let us know....ps...don't blame you for locking up the keys....I allowed my son to drive my baby (73z28/rs/ss) to prom....I followed him and as soon as he parked it and got him and his date out I left his truck and took my car home (yes he knew it).....little snot tried to lose mama on the way there too let me tell ya! Rolling Eyes didn't work though, experience perservered over horse power! Very HappyVery Happy



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PostPosted: Thu May 01, 2008 8:57 pm   Post subject:   

One other option for you would be to get him off your policy altogether and get him on his own with the ranger. A simple transfer of ownership for the ranger and it is a done deal if they won't let you only be put on the ranger. This will get the premium to drop some rather than having him on the high risk vehicle. The other thing this will do is, god forbid he have a bad accident that is his fault...the other person in the accident can not go after your assets (home, business, savings, retirement accounts). Unfortunately...he is at the highest risk age range for accidents so it is something that we suggest to all our customers.

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PostPosted: Fri May 02, 2008 10:02 pm   Post subject:   

I have heard of the occassional carrier that will "average out" the highest rated driver on the policy and apportion the premium over all of the insured vehicles. This is uncommon, but I have seen it once in a while.



Those companies suck, and I would never do business with them. I have also seen many instances of "highest rated to highest rated" even if the kid never touches the highest rated vehicle, as in the OPs Mustang.



Our carrier, as most will now do, rates the driver on the vehicle that they actually drive. This is why my kids have POS liability only cars. Cheapens out the premium rate, if you can say that any teenagers have "cheap" insurance premiums!! Crying or Very sad



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PostPosted: Sat May 03, 2008 2:09 am   Post subject:   

Quote:
Those companies suck, and I would never do business with them. I have also seen many instances of "highest rated to highest rated" even if the kid never touches the highest rated vehicle, as in the OPs Mustang.
The problem is that the carrier could not deny liability coverage if the kid does drive the highest risk vehicle. The kid _would_ have access to the vehicle. As such, the kid _will_ drive that high risk vehicle. Also, it would be possible to simply report the child as driving the lowest risk vehicle when in fact he/she is really driving the highest risk vehicle.
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PostPosted: Sat May 03, 2008 2:20 am   Post subject: insurance  

Ok..what about THIS one. My son isn't driving yet, however.........if I let my son drive MY car, I have to 'add' him onto my account ( makes sense to me). NOW......My ex is telling me if I 'add' my son to MY policy, that my ex doesn't have to add my son to HIS. If my ex lets my son drive HIS car, I would think he WOULD have to 'add' him to HIS policy. Suggestions, please. Rolling Eyes

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PostPosted: Sat May 03, 2008 2:29 am   Post subject:   

The child should be added to the policy of the parent where the child resides. I say this as in the other household the son would not be a regular driver of that vehicle. Clear as mud?



BTW - I'm not an agent and an agent could better answer this question.

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PostPosted: Sat May 03, 2008 2:40 am   Post subject: insurance  

Thanks for the reply TCOPE. Well...my son resides with me, but, i would ASSUME he would drive his dad's car, too.

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