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Insuring teenage drivers

153 messages,  Last post on May 15, 2008 at 9:03 AM

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Messages Page 15 of 16

#133 of 153 Re: liability [cccompson] by jeffyscott

Oct 09, 2007 (7:38 am)

Replying to: cccompson (Oct 08, 2007 4:30 pm)
Thanks for confimation that is what I thought/assumed.
 
But in the other case, where the "kid" is still on his first license, which I signed off on, is the implication that there could be some liability to me even after he is 18?

#134 of 153 Re: liability [jeffyscott] by cccompson

Oct 09, 2007 (2:02 pm)

Replying to: jeffyscott (Oct 09, 2007 7:38 am)
"Could" being the operative word here and meaning there's a possibility. Whether it's realistic or not is another question.

#136 of 153 Re: liability [cccompson] by jeffyscott

Oct 10, 2007 (11:01 am)

Replying to: cccompson (Oct 09, 2007 2:02 pm)
Since it doesn't cost anything to eliminate that very small risk, may as well eliminate it. I'll just have him renew his license prior to changing liability coverage. The renewed license will be good until he is 22, whether he renews one day after he is 18 or 1 day before he is 19.

#137 of 153 Re: liability [jeffyscott] by cccompson

Oct 10, 2007 (2:15 pm)

Replying to: jeffyscott (Oct 10, 2007 11:01 am)
I need to do the same when my daughter turns 18 in a couple of months.
 
And sign the car over to her.
 
And have her get her own insurance policy.

#138 of 153 Re: liability [cccompson] by jeffyscott

Oct 11, 2007 (6:49 am)

Replying to: cccompson (Oct 10, 2007 2:15 pm)
I should have done that, but never did get around to it with my daughter. She is now 23 had a car that was titled to me until it was recently sold.
 
Girls are much cheaper than boys and I kept thinking the old car I had given her would not last as long as it did. She is temporarily using our old minivan now...less than $400 per year for 100/300 liability, despite a ticket or two. I may look at transferring the title, next time plates are up for renewal, if it seems she is going to keep it indefinitely.

#139 of 153 Insurance for +18 yr old by ckone0814

Dec 05, 2007 (6:08 am)

My son is 20 and has compiled a fairly bad driving record. I had enough and just signed the car over to him and and also got him his own ins policy with PA state minimums.
 
My daughter is 18.5 and has a much better record. She drives a "beater" car but since she's under a family policy obviously she pays for all of our cars. We are in a position where we could do the same with her - sign the car over and get her her own insurance.
 
Any recommendations? Is this worthwhile? Should young drivers go with minimums since they have no assets to go after? Is there anything I missing here with regards to kids "owning" the car and having their own policies?
 
Thanks.

#140 of 153 Re: Insurance for +18 yr old [ckone0814] by oldfarmer50

Dec 05, 2007 (8:35 am)

Replying to: ckone0814 (Dec 05, 2007 6:08 am)
"...My son is 20 and has compiled a fairly bad driving record..."
 
When did my kid move in with you?
 
"...Any recommendations?..."
 
There is a very detailed discussion of this topic on "Questions about Insurance and Accidents" board. There are a couple of lawyers there that seem to have accurate info.

#141 of 153 which cars are cheapest to insure for teens? by maxllama

May 12, 2008 (12:30 pm)

hello clever people out there,
can someone please tell me where i can find a list of which vehicles are least expensive to insure for a teen, also would be nice to see which are safest too?
i have a 16 year old which is about to be unleashed on the world. (you have been warned!) i am trying to figure whether a large used sedan our a used SUV would be best for him.
thanks for any advice..

#142 of 153 Re: which cars are cheapest to insure for teens? [maxllama] by michaell

May 12, 2008 (3:09 pm)

Replying to: maxllama (May 12, 2008 12:30 pm)
A number of years ago, when my oldest was turning 16, I had the exact same conversation with my insurance agent.
 
Without hesitating, she said "Saturn sedan". I suspect, since this was 5 1/2 years ago, that she was referring to the polymer-sided ones (the S-series and the ION).
 
No 2-doors. No trucks. Nothing sporty. No SUV's. Sedans only.
 
Oh, and for what it's worth, we've made each of our kids pay their own insurance, plus have enough in savings to cover the deductible. They will be a safer driver if they have some skin in the game.

Messages Page 15 of 16

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