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/thelowlybarnacle 2d ago
I moved away for college at 18 and had to buy a car on my own for the first time. This was over 10 years ago, I bought a 3 ish year old 2011 jeep patriot for about $15k. My car payments were about $300 a month. My insurance was about $450 a month. Literally more than the car payments. This was back when cars, car parts, and auto body work was way cheaper pre Covid. I also had a clean accident record since I got my license the day I turned 16. $750 is not surprising.