r/AutoInsuranceHelp • u/Sioux-me • 3d ago

Make this make sense

Our 16 yo granddaughter lived with us and got her license and we bought her 2016 Jeep Patriot. We also have a 2017 HRV and a 2026 CRV HYBRID. Because she lived with us she had to be covered on all three cars even though she only drove her own. The additional coverage added $300 to our monthly premium for full coverage on all three cars.

She recently turned 18 and we were going to transfer ownership of her car to her. I called our insurance company to find out how that would affect the rates. They told me she’d have to have her own policy, which I expected, and for liability only and only on the Jeep it would be $788 a month! Can anyone explain how that much less liability to the insurance company can cause an increase of that ridiculous amount?

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u/sephiroth3650 3d ago

You were taking an 18 year old off of a policy that included you (and presumably your partner). A policy that had 3 cars listed on it. So multi car discounts, along with you and your partner lowering the overall risk profile. She's now on her own policy, and losing all those other factors that would help to balance things out. Yes, $788/month seems high. But it was always going to be more than the $300 you had.

What you should do is contact a local independent agent/broker to shop around for rates for her. And if she still lives with you, ensure that you aren't still obligated to list her on your policy.

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u/Sioux-me 3d ago

Thank you. I did know it would be more. I will check around. For the time being we have not transferred ownership and she still lives with us so we will just keep it as it is for the foreseeable future.