My motor and my house is insured by State Farm. Could you answer a cross-question?
My son is 20 yrs old and is costing me a fortune because he lives at my home and they told me even though he does not drive my vehicle, I must insure him on my policy. I insured him and he pays me to insure his vehicle we put in my nickname so he can drive to work. He had 2 tickets when he be 17 yrs old, both speeding. He have not had a ticket since and he is almost 21. Is in attendance an insurance company who can give me a better rate and not insure him, or is this basically the law contained by the USA? I would like for him to know how to buy a vehicle, but his insurance will be so high we are not sure what to do. His insurance will cost more than his coupé payment.
Answers:
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Other Answers:
Try Geico
So easy a caveman can do it
I'm not sure if they will allow you to save him off the policy, but Costco offer insurance with Ameriprise. Really great rates. I save a bunch of money by switching to...Ameriprise!
check out farmers ive found them to be the best
Hi happydawg.
Seriously, listen to Bill.
Geico seems to be preety cheap within some cases..
~Trey
Source(s):
Geico guy..
See if you can renegotiate with State Farm, especially since you own multiple policies. They are a great company, they come through for you when there is a problem (unlike All State).
If you wish to go near a cheaper company, make sure that the exotic quote matches your existing policy strip for line.
A friend of mine get Geico, and didn't realize she had a $1,000 deductible. She found out when her saloon got broken into.
i'm not sure what state your surrounded by to refer a local company, or what the requirements of the law are. more than possible, he has to own insurance, at the minimum liability.
ask your agent for any type of break:
multidriver discount
mutlipolicy discount
if you've been near them for a while, as for any discount available.
it would probably save you some money if your son go to a safe driver course.
teenagers are expensive. boys are really expensive. boys beside tickets are very, massively expensive.
make sure you other keep uninsured motorist insurance.
i enjoy state farm, they did alike thing to me when my oldest turned 18! i be shocked when i received my bill the month after her 18th birthday>> my daughter has her own insurance and pays for it....I WAS LIVID!!!! i march right down to state farm and told my agent he needed to bring back his facts straight. i wrote a letter, made him time stamp it (almost approaching they do at the court house) and told him if this wasn't corrected, i was going to contact the attorney standard, because this was CONSUMER FRAUD....CHARGING ME FOR SERVICES I WASN'T RECEIVING. he tried giving me slack, but i wasn't finance down. he does NOT have to be on your insurance.....receive him pay his own....my daughter have 1-800 safe auto.....state grow is probably cheaper...but it's your son's responsibility now. don't vertebrae down from state farm...worthy luck!
This varies from state to state since law dealing with insurance ebb and flow from state to state. However, insurance policies are fairly standard and, thus, I can logically assume your policy will have similar wording to the following: Your auto policy refers to benefits and obligation of YOU and defines YOU as the name insured shown in the declaration and the spouse of the named insured if a resident of indistinguishable household. It also defines other those who may qualify as an insured under the policy as, among others, FAMILY MEMBERS. Family member are defined as a person related to you by blood, marital or adoption who is a resident of your household, including a ward or foster child. Thus, your son is defined as an insured under the policy. This obligate your insurance company to cover your son should they cause an luck.
You can thus see why the insurance company would want to know who your son is as well as his driving journal in establish that they can accurately assess the risk and the premium to charge. Even so, a lot of claims involve a non-listed driver who is enormously often a familial member living within the same household. This recurrently happens near newly licensed drivers, i.e. 16 year olds who enjoy not been added to the policy. Insurers knob this situation in varying ways.
Representing to your insurance company that the drivers surrounded by your household do not include your son would potentially be a material misrepresentation. Material substance something significant such as that, for example, the driver you didn't tell them just about was a irredeemable drunk driver. Insurance companies will tend to provide liability coverage if they can, and add the non-listed people member to the policy, since denying coverage to an insured is a serious thing, especially if there are liability claims involved. However, some insurer's underwrite guidelines include that if the resulting premium change would result contained by a premium increase of more than, for example, 25%, they could rescind the policy. This is not only a denial of coverage - this make the insurance policy null and void, significance there is no coverage whatsoever as if it never existed. That's how serious this issue is.
I have see forms an insured can sign stating that the family contestant in quiz does not EVER drive the insured's car and the insured understand that should the family extremity in quiz ever driver the insured's car, they will not be covered. I don't know how strong this exclusion would prove to be and, I consider, insurance companies tend to avoid donig this anyway. Your son could seek his own policy but whoever insures YOU is still going to want to know around ALL drivers in the household because of the odds that at some point your son will drive your car.
The merely true way for you to bring him off your policy is for your son to move out and become financially independent from you.
As long as he lives contained by your house, his is a liability to you. (But if he goes out on his own he is going to enjoy very expensive insurance until he any turns 25 or gets married.....until later those speeding tickets make him an extreme risk).
The explanation he needs to be on your insurance while living in that is really quite simple.
If he is within an accident, no business whose car he is driving, the lawyer for whoever he hit are going to come after him first. Since he is under 21 and have few assets, once they take evertying they can from him, they will come after you. And if he is not on your insurance afterwards you will have no insurance money to salary them......so guess what they take? Everything you own of significance. Your insurance is meant to protect that and if he is not on your policy consequently everything you own is at risk of being taken by an injured body in a lawsuit against him (and you since he lives there). If you are comfortable surrounded by letting everything you own (house, car, investments, etc) be taken by the human being he hit and their lawyers, consequently don't bother getting him insured under your policy.
It really make no financial sense to try to exclude him from your policy. In fact, you should try to include him underneath your policy because it would likely be cheaper to use multi-car, multi-line discounts than if he have to get his own policy.
You also should strongly consider a personal liability umbrella policy which usually runs in the region of $100-$120 per year per million dollars of coverage. You can get it from your current homeowner's policy.
You might be capable of have him and his motor wrote through a different company and then own him excluded on yours. If you did that though he would not be covered and your autos would not be covered if he drove them. You need to consult an agent surrounded by your area.
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