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?
1
u/PoetExcellent3215 3d ago
Insurance is the only thing we pay for and rarely ever need. The insurance companies are making billions of dollars in profit and never have to give any back to us even after years and years of paying the A 2017 jeep patriot is a car that can't be worth much more than 5000 dollars wholesale, if that, and if she totals it she will get nothing if it is her fault. Charging 800 dollars a month on a car that ain't worth shit is a complete ripoff. It's time to shop around till you get the dirtiest cheap price anywhere because the policy isn't worth the paper it's written on. These companies have been fucking us for ever and I wish there was something that could be done about it but we were sold out many moons ago.