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re: Parent advice with kid about to start driving- insurance etc
Posted on 1/16/26 at 1:44 pm to BBJ
Posted on 1/16/26 at 1:44 pm to BBJ
Make sure some type of insurance provided safe driving technology is tied to the vehicle or the phone.
Let him know that you will deposit every dime of his discount into an interest bearing account that can ultimately be used by him as a down payment on a car.
Also let him know that the cost of traffic tickets will come out of this account.
Let him know that you will deposit every dime of his discount into an interest bearing account that can ultimately be used by him as a down payment on a car.
Also let him know that the cost of traffic tickets will come out of this account.
This post was edited on 1/16/26 at 1:46 pm
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Posted on 1/16/26 at 1:56 pm to BBJ
If at all possible put him on a vehicle that doesn't require full coverage. Just liability and uninsured motorist coverage.... Comprehensive coverage isn't too bad but collision coverage are killers.
I wrote car insurance for 40 years in Tennessee until I retired 10 years ago... so I'm not familiar with other states...But adding teenage drivers can be a shock no matter what state you live in. I would have clients for years but when their little Johnny or Suzy started driving, many would shop around to save some bucks...I'd lose some but I would gain some too.
Best advise....Tell them to get a job and pay for most or all. Teaches responsibility.
I wrote car insurance for 40 years in Tennessee until I retired 10 years ago... so I'm not familiar with other states...But adding teenage drivers can be a shock no matter what state you live in. I would have clients for years but when their little Johnny or Suzy started driving, many would shop around to save some bucks...I'd lose some but I would gain some too.
Best advise....Tell them to get a job and pay for most or all. Teaches responsibility.
This post was edited on 1/16/26 at 1:58 pm
Posted on 1/16/26 at 1:58 pm to BBJ
quote:
Looking to see. If any of you have advice on how to handle new teenage driver
I plan on handing down my tundra
Having a specific car assigned to a specific kid changes things immensely. It's one thing with a family policy if the kid is added as an "occasional driver" on mom/dad's car, another if they are assigned as primary driver on a different, 3rd car.
This is how my friend (insurance guy for years/still is) did it and told me how to do it to save money (It's what he did and what we did when our girls were in high school).
1. Get 3rd car for kid's use (hopefully a used car), ownership in your name.
2. Get insurance policy FROM ANOTHER PROVIDER on the 3rd car, not your main car/home/life, etc. provider.
3. List parent as primary driver on 3rd car policy, list kid as occasional driver.
This can also work if you are handing down an existing car (your Tundra). Let your current insurance know you are replacing it with a new car (whatever you are buying for yourself to replace the Tundra). Get the old Tundra insured with a new insurance firm, with you as primary driver, and kid as occasional driver.
The loss of any benefits you may get from adding another car to your "bundle" will be far less than the increased cost of adding your kid as a primary driver of a third family automobile.
Posted on 1/16/26 at 2:06 pm to BRich
quote:
Having a specific car assigned to a specific kid changes things immensely. It's one thing with a family policy if the kid is added as an "occasional driver" on mom/dad's car, another if they are assigned as primary driver on a different, 3rd car.
This is how my friend (insurance guy for years/still is) did it and told me how to do it to save money (It's what he did and what we did when our girls were in high school).
1. Get 3rd car for kid's use (hopefully a used car), ownership in your name.
2. Get insurance policy FROM ANOTHER PROVIDER on the 3rd car, not your main car/home/life, etc. provider.
3. List parent as primary driver on 3rd car policy, list kid as occasional driver.
This can also work if you are handing down an existing car (your Tundra). Let your current insurance know you are replacing it with a new car (whatever you are buying for yourself to replace the Tundra). Get the old Tundra insured with a new insurance firm, with you as primary driver, and kid as occasional driver.
The loss of any benefits you may get from adding another car to your "bundle" will be far less than the increased cost of adding your kid as a primary driver of a third family automobile.
This folks is why you don't ask for insurance advice on the OT.
Posted on 1/16/26 at 2:18 pm to BBJ
My almost 18 year old pays for half his car and half his insurance- I believe you have to give them some responsibility so they can start learning how to pay bills and budget. His 'car note' is $75 and insurance is $75/month.
He also backed into a car a couple of months ago, so he'll have to suffer the consequences of an increased insurance bill when it's time for renewal. I'm not making him pay the full increase, but I expect to pass a $50/month increase on to him.
Definitely shop your policy. We switched insurance when we added him to our policy. USAA was already almost $200/month with just 2 cars/2 drivers, and it was going to double just adding him to the policy. Now with GEICO, it's $1300 for 6 months for 3 cars/3 drivers, not including the above mentioned accident. We'll see what happens with that on our next renewal in August.
He also backed into a car a couple of months ago, so he'll have to suffer the consequences of an increased insurance bill when it's time for renewal. I'm not making him pay the full increase, but I expect to pass a $50/month increase on to him.
Definitely shop your policy. We switched insurance when we added him to our policy. USAA was already almost $200/month with just 2 cars/2 drivers, and it was going to double just adding him to the policy. Now with GEICO, it's $1300 for 6 months for 3 cars/3 drivers, not including the above mentioned accident. We'll see what happens with that on our next renewal in August.
Posted on 1/16/26 at 2:26 pm to BBJ
(no message)
This post was edited on 1/16/26 at 9:16 pm
Posted on 1/16/26 at 2:38 pm to Chad504boy
quote:
This folks is why you don't ask for insurance advice on the OT.
Boy do I love lurking them tho.
Posted on 1/16/26 at 2:47 pm to BBJ
What we did is find a good rate on an insurance not on our current insurance. Put the name under us, but listed the kid as a driver. So a ticket or something would hit their name, but they are getting the rate of us, the parents.
Posted on 1/16/26 at 2:55 pm to BBJ
quote:
1. Put the vehicle in his name so if somwthing happens they cant sue me, only him. 2. Put him on his own insurance not connected to yours
Never take advice from whomever is telling you this again.
Posted on 1/16/26 at 2:56 pm to BBJ
We were able to add my daughter as just a driver to the policy as I have a company car so technically her car is my car. That still made my insurance go from $120/mo to $340/mo in Louisiana.
Posted on 1/16/26 at 2:57 pm to BlackPot
All I know is that they will have an accident at some point. It is inevitable. So be mentally and financially prepared, don't get angry, important part is everybody is ok.
Posted on 1/16/26 at 3:05 pm to BBJ
Get the kid a debit card, their own account, now for gas and such. You will obviously have control / oversight of this.
When 18 comes, put car and insurance in their name, with electronic payment from kid's account.
Even if you're paying for all of this, credit history is starting early.
When 18 comes, put car and insurance in their name, with electronic payment from kid's account.
Even if you're paying for all of this, credit history is starting early.
Posted on 1/16/26 at 3:10 pm to BBJ
All I can add is that if you want max coverage, you're going to pay. People whose rates only jumped by $75/month in Louisiana to add a new teen driver aren't getting a lot of coverage. This is going to cost you.
That being said, shop around. You'll be amazed at the variance in pricing. We use USAA for a lot, but their teen rates were awful. Decided on State Farm and they went through the roof after 6 months. Switched companies for a lower rate than we had before. It's the wild west out there.
That being said, shop around. You'll be amazed at the variance in pricing. We use USAA for a lot, but their teen rates were awful. Decided on State Farm and they went through the roof after 6 months. Switched companies for a lower rate than we had before. It's the wild west out there.
Posted on 1/16/26 at 3:15 pm to BRich
So just straight-up lie, then.
And tell your kid to lie, too.
And tell your kid to lie, too.
Posted on 1/16/26 at 5:14 pm to BBJ
If he lives under your roof and same address will need to go on you policy.
Posted on 1/16/26 at 5:23 pm to MikeBRLA
quote:
quote:
Some things people has said
Don’t listen to those people any more regarding insurance, financial, or legal matters
Or grammar.
Posted on 1/16/26 at 5:48 pm to BBJ
Bend over brother - 1 wreck and you are paying a new car note for insurance - don’t ask me how I know - LOL
Posted on 1/16/26 at 6:40 pm to tigeraddict
quote:
If he lives under your roof and same address will need to go on you policy.
You can list him as an excluded driver on the vehicles that you are not handing down, which I presume have a higher cost to insure since they’re less crappy.
Posted on 1/16/26 at 6:42 pm to BBJ
He has to be listed as a household driver on the policy or-with some carriers-you may risk a denial if there is a claim. One major insurer updated their policy within the last year. There is an endorsement and then the policy will be updated at your next renewal. Contact your agent.
We didn’t let our sons drive a truck as their first vehicle because they have a tendency to go into a ditch. It happened to most of their friends. Just something to think about.
We didn’t let our sons drive a truck as their first vehicle because they have a tendency to go into a ditch. It happened to most of their friends. Just something to think about.
Posted on 1/16/26 at 6:46 pm to BBJ
Can’t have his own policy or own the truck until 18.
It still will be cheaper to leave him on your policy mainly for multi car discount.. on his own fricking yikes.
I’m an Independent Insurance Agent btw.
My daughter started driving a couple years ago and the jump was absurd. Basically if he graduates and goes to work then switch it. If not leave it until he’s 25. Making him pay his share of course. Kids don’t get a break until 25 years of age.
It still will be cheaper to leave him on your policy mainly for multi car discount.. on his own fricking yikes.
I’m an Independent Insurance Agent btw.
My daughter started driving a couple years ago and the jump was absurd. Basically if he graduates and goes to work then switch it. If not leave it until he’s 25. Making him pay his share of course. Kids don’t get a break until 25 years of age.
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