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Car insurance question (NC)

Discussion in 'The Okie Corral' started by Old School, Apr 20, 2012.

  1. Old School

    Old School

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    I have a child turning 16 in a few months. I have multiple vehicles and I've been told that it's most economical to "name" the new driver to the vehicle that is cheapest to insure.

    Let's say I do that. What happens if she gets in a wreck while driving one of the vehicles for which she is not a "named" driver?
     
  2. Dinky

    Dinky Numpty

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    Call your insurance person if you want a real answer....
     

  3. cphilip

    cphilip

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    I don't think she gets named so much as she just gets named as a driver more, perhaps, more on one than another... I think she is assumed to be a percentage driver on anything on your policy. And your going to pay for that!
     
  4. John43

    John43

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    They will insure her for your most expensive car.
     
  5. toshbar

    toshbar Timber Baron

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    I am 20. When I turned 16, my dad said that the insurance company insured me simply as a driver. Just because I obtained a drivers license is the reason they increased insurance.



    BTW, you're looking at about $2k/year premium for her to drive.
     
    Last edited: Apr 20, 2012
  6. redbaron007

    redbaron007 Some Dude Lifetime Member

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    It's not naming your child on a policy, but rating a child on an auto policy. The insurance company wants the premium for the risk of them driving. Also, by doing this, it gives them some of the policy coverages, other than being a permissable driver. Not being rated limits the coverages they could benefit from in the case of a claim brought against them. A lot will depend on the circumstances of the loss.

    Call your agent for clarity, unless it's a 1-800 company, then good luck.

    :wavey:

    red

    :wavey:

    red
     
  7. redbaron007

    redbaron007 Some Dude Lifetime Member

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    Only if YOU don't tell them which one.

    :wavey:

    red
     
  8. Cali-Glock

    Cali-Glock Mountain Man

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    You are correct; if you have three drivers, and three cars (you, your wife and your kid) you would want to assign your kid to the cheapest car... the problem is carriers have been burned too many times with the kid wrapping the daddy's car around a tree on prom night so they will want to underwrite the policy for the worst case scenario: the kid driving your most expensive car.
     
  9. TSAX

    TSAX USAF Vet

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    Call and get quotes, and Progressive used to not sure if they still do have discounts for good gpa's







    :50cal:
     
  10. Hauptmann6

    Hauptmann6

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    The GPA discount never made sense to me. Our class valedictorian was a Japanese fellow that ended up with a doctorate in astrophysics but he wouldn't stop for stop signs. He figured that the faster he blew a sign, the lower exposure he had to getting hit. And was a scary driver in general.
     
  11. Green70

    Green70

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    That varies by company... My sister was with one company and had her daughter rated on an `01 Camry. Paid $100 a month.

    Got a quote with another company and the rates were cheaper so she switched.

    Then they rated her daughter on her 2012 Lexus SUV and it cost $250 a month...

    All of the supposed "savings" were wiped out...

    Gonna have to call your insurance company to know for sure...
     
  12. toshbar

    toshbar Timber Baron

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    Hence the reason I could not be on the same policy as daddy's AWD twin turbocar. :rofl: