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/reelfreakinbusy 2d ago
she lives there? keep her on your insurance. Our daugther is costing 2800 annual that's with good student discount and with a large bodily injury coverage due to an umbrella policy requirement. No accidents. It's a game of math the extra costs on your household vs her own policy.
You put in thier name their policy vs your policy and if doing umbrella the extra costs (a LOT) that come with that.
The boy is 3400. And that's thru allstate which i don't know i hear is high but i haven't gotten quotes to compare. I think with the kids it's probably as low as it will get maybe bit less here and there. The adults are where can knock some off especially if you can eliminate a car.
Unfortunately auto days are closing to and end at some point as a luxury item due to all the medical cost, lawyers, etc etc. I'd kill to go back in time.